Name: Nigeria to revise inflation reporting after artificial spike
Uploaded: 2026-01-13T20:07:06.255Z
Duration: 51 s
Description: The revision is likely to influence market expectations and policy discourse ahead of the next monetary policy decisions by the Central Bank, which closely watches inflation dynamics in setting interest rates.

The revision is likely to influence market expectations and policy discourse ahead of the next monetary policy decisions by the Central Bank, which closely watches inflation dynamics in setting interest rates.

Abuja

Nigeria's statistics authority has announced plans to revise its inflation reporting methodology after upcoming data is expected to show an artificial spike in December inflation. Officials and economists attribute the anticipated jump to a technical issue in how price data is weighted late in the year, which could temporarily push headline inflation to more than double October levels.

The National Bureau of Statistics and the Central Bank of Nigeria have agreed to adjust how inflation figures are calculated and presented. The changes are intended to ensure that reported inflation numbers better reflect underlying price trends rather than statistical anomalies.

Nigeria to revise inflation reporting after artificial spike

Nigeria's statistics authority say it will revise its inflation reporting methodology after data due next week is expected to show an artificial spike in December inflation, officials and economists say. The expected jump comes after a technical squeak in how price data are weighed late in the year, a factor that could temporarily push headline inflation to more than double October levels. The National Bureau of Statistics and the Central Bank of Nigeria have agreed to adjust how they calculate and present inflation figures to ensure the reported numbers better reflect underlying price trends rather than statistical anomalies.

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