Analysts at Stanbic IBTC Bank have projected that Nigeria’s headline inflation rate will ease to 15.84 percent in October 2025, from 18.02 percent recorded in September, as food prices moderate during the ongoing harvest season.
According to the latest Stanbic IBTC Bank Nigeria Purchasing Managers Index (PMI) report, headline inflation is expected to further moderate between 14.25 percent and 14.62 percent in November, supported by increased food supply and relative exchange rate stability.
Muyiwa Oni, head of equity research for West Africa at Stanbic IBTC Bank, said the moderation in price pressures is being driven by seasonal harvest effects and improved agricultural output.