Real gross domestic product (GDP) is an inflation-adjusted measure that reflects the value of all goods and services produced by an economy in a given year ... the consumer price index (CPI ...

This week’s forthcoming Consumer Price Index report could show easing year-on-year inflation, increasing the potential for ...

The far greater use of spending vouchers marks a shift from cash handouts in the past — perhaps aimed at raising fiscal ...

On Wednesday, National Statistician Claire Dennis S. Mapa told reporters that this will change the base year of the CPI basket and NIA to 2023 starting January 2026. The rebasing of the CPI is ...

The rebasing, which will use 2019 as the new base year for GDP and 2024 for CPI, is expected to enhance the understanding of Nigeria’s economic structure and improve inflation tracking.

RBI is reportedly using machine learning tools to enhance its inflation forecasting, the bedrock of monetary policy decisions ...

In the last few months, there have been talks about rebasing the two important economic indicators, the Gross Domestic Product (GDP) and the Consumer Price Index ... have a base year, which ...

“Rebasing our GDP and CPI allows us to align with these transformations, providing a more precise and relevant picture of Nigeria’s economic landscape. “This process is foundational to ...

The National Bureau of Statistics (NBS) is currently undertaking a rebasing exercise for Nigeria’s Gross Domestic Product (GDP) and Consumer Price Index (CPI). This initiative is aimed at ...

NBS made this known during a sensitisation workshop on GDP and Consumer Price Index (CPI ... The bureau also proposed 2019 as a new GDP base year and 2024 as the new base year for inflation ...

On the whole, the planned GDP and CPI rebasing represents a critical step ... and reflects the cost of living. Both have a base year, which is compared with other years in the compilation.