CPPE Warns of Credibility Gaps in Nigeria's Inflation Data Changes

The Centre for Promoting Private Enterprise (CPPE) has cautioned about credibility gaps due to recent changes in Nigeria's Consumer Price Index (CPI) methodology, potentially affecting confidence in official inflation data. Dr. Muda Yusuf, CEO of CPPE, highlighted concerns about the impact on economic decisions and market behavior.

The National Bureau of Statistics (NBS) recently revised its inflation measurement methodology, leading to a slower pace of price increases. CPPE emphasized the importance of maintaining trust in official statistics for sustaining investor confidence and market stability.