On a year-on-year basis, headline inflation rate reduced by 8.52% points lower than the rate recorded in February 2024 (31.70%)
Author Archives: Whiskey Oghenemarieno
It is comparing the inflation rate between February 2024 and that of 2025. The rates are different because last year's own was higher than this year's.
Then the rebasing inflation index that we now used, (that was changed to last month) means that we use each year as its own base year for calculating inflation unlike previously when we use other years for the base year calculation. Catch up with me on LinkedIn here.
