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Nigeria Inflation Projected to Ease to 15.51% in July

BusinessDay economists project Nigeria’s headline inflation will ease to 15.51% in July, down from 15.91% in June. If confirmed by the National Bureau of Statistics, this would mark a two-month disinflationary trend. The forecast, generated using an ARIMAX model, attributes the potential decline to increased macroeconomic stability and reduced exchange-rate volatility. Analysts warn that despite the slowing rate, structural challenges like high logistics and energy costs persist, meaning price levels remain elevated for consumers. The trend may influence the Central Bank of Nigeria’s monetary policy, as sustained lower inflation could eventually support a shift toward easing.

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