The International Monetary Fund (IMF) has projected that Nigeria’s headline inflation will average 26.5% in 2025, following a recent rebasing of the Consumer Price Index (CPI) by the National Bureau of Statistics (NBS).
However, the current Medium Term Expenditure Framework (MTEF) forecasts the inflation rate to cool to 15 per cent in 2025.
Nigeria’s inflation rate saw a decline to 24.48 percent from 33.2 percent in December 2024 after the change in methodology. In February, it saw a further moderation to 23.18 percent on track for a rate cut by the Monetary Policy Committee, according to analysts.