Nigeria’s inflation is projected to ease slightly in July 2025, with estimates between 22.20% and 22.80%. Experts cite harvest gains and naira stability
Nigeria’s inflation drops to 22.22% in June 2025, but food prices continue to climb month-on-month, says NBS.
IMF forecasts Nigeria’s inflation to average 26.5% in 2025 following CPI rebasing, with renewed pressure expected in 2026 may spike to 37.0%.
Nigeria’s annual inflation surged to 24.2% in March, up from 23.2%, driven by a weakening naira and falling oil prices amid global trade tensions.
Nigeria sees a decline in food prices, easing financial strain on households, but farmers warn the relief may be temporary due to rising production costs.
CBN inflation control strategy aims to bring inflation rate down to a single-digit level as CBN Governor reaffirmed the MPC meeting decision
Nigeria’s inflation rate drops to 24.48% in January 2025, down from 34.80% in December 2024, following the rebasing of the Consumer Price Index (CPI)
The World Bank highlights worsening global food insecurity, with over 280 million people facing acute hunger daily.
The IMF and World Bank have emphasized the importance of the CBN efforts to control inflation as Nigeria’s inflation rose to 34.8%
Nigeria’s inflation rate climbed to 34.80% in December 2024, up from 34.60% in November, driven by increased festive season demand
