Nigeria is set to release its October inflation report on Monday, November 17, 2025, following a sixth consecutive decline in inflation rates in September. The country’s inflation rate dropped to 18.02% in September, down from 20.12% in August, with food inflation also decreasing to 16.9% due to reduced food prices resulting from increased imports and the harvest season.
According to Cowry Asset Management, headline inflation is projected to further decrease to 17.83% in October, supported by the stability of the naira, improved foreign exchange liquidity, and sustained food supply from the ongoing harvest season. This prediction is based on the current economic trends and the Central Bank of Nigeria’s efforts to manage inflation.
The Central Bank of Nigeria recently slashed interest rates to 27% in response to the consistent moderation of the country’s inflation rate. This move is expected to have a positive impact on the economy, as it will make borrowing cheaper and increase spending. The decline in inflation rates is a significant development, as it indicates a reduction in the rate at which prices for goods and services are increasing.
The release of the October inflation report will provide further insight into the country’s economic performance and the effectiveness of the Central Bank’s monetary policies. As Nigeria continues to navigate its economic challenges, the inflation rate remains a key indicator of the country’s economic health. The upcoming report will be closely watched by economists, investors, and policymakers, who will be looking for signs of continued moderation in inflation rates.
In the context of Nigeria’s economic landscape, the decline in inflation rates is a welcome development. The country has been working to manage its inflation rate, which has been a major challenge in recent years. The government has implemented various policies aimed at reducing inflation, including monetary policy adjustments and initiatives to increase food production and reduce reliance on imports.
The release of the October inflation report will provide an update on the progress made so far and will inform future economic decisions. As the country looks to sustain its economic growth and stability, the inflation rate will remain a critical factor to watch. With the expected further moderation in inflation rates, Nigeria may be on track to achieving its economic goals, and the upcoming report will provide valuable insights into the country’s economic trajectory.