The National Bureau of Statistics (NBS) recently released details of its planned rebasing of the data used for computing Nigeria’s ...

in its effort to revise the base year for the Consumer Price Index (CPI) as well as update the weights for different items in the CPI basket and possible improve the methodology of compilation.

Then, we use these data to map changes in the shares, or weights, of consumer spending on the goods and services in the CPI basket. Figure 1 outlines our process. Figure 1: Constructing the adjusted ...