Nigeria’s inflation story is finally changing direction. After reaching a record 34.8 per percent in December 2024, inflation has dropped steadily to 20.12 percent by August 2025, the lowest in more than two years. The turning point came after the government rebased inflation data in January 2025, giving a clearer picture of price changes under the new economic reforms.
Economists now describe this period as “Tinubuflation”, the inflation movement under President Bola Tinubu’s reform era, shaped by the removal of fuel subsidies, exchange rat
