The average change in prices of goods and services over the past year is about 24.48 per cent.
This a major highlight of the much-expected report on the rebasing of the Consumer Price Index (CPI) scheduled to be released today by the National Bureau of Statistics (NBS).
The rebasing of the CPI included important improvements to methodologies, expansion of the product categories or food varieties and a new, closer base year that allows the headline inflation rate to capture current economic changes.
Reports obtained by EkweAnaedo from credible sources and independent surveys, which regularly accurately predict the inflationary trend, indicated a slowdown in the inflation rate.
The rebased headline inflation dropped from 34.80 per cent in the pre-rebased period of December 2024 to 24.48 per cent in January 2025 after the rebasing.
