Nigeria will publish its October inflation report on Monday, November 17, 2025, after recording a sixth consecutive decline in inflation in September. The September rate fell to 18.02 % from 20.12 % in August, and food inflation dropped to 16.9 % as lower food prices resulted from increased imports and the harvest season.
Cowry Asset Management projects that headline inflation will further ease to 17.83 % in October. This outlook rests on a stable naira, improved foreign‑exchange liquidity and a continued supply of food from the ongoing harvest. The forecast reflects current economic trends and the Central Bank of Nigeria’s efforts to curb inflation.
In response to the steady moderation of inflation, the Central Bank recently cut its policy rate to 27 %. The lower rate is expected to make borrowing cheaper, stimulate spending and support the broader economy.
The decline in inflation is a significant development because it signals a slowdown in the pace at which prices for goods and services are rising. The October report will shed more light on Nigeria’s economic performance and the effectiveness of the central bank’s monetary policies. Economists, investors and policymakers will scrutinize the data for evidence of continued inflation moderation.
Nigeria’s broader economic strategy has focused on managing inflation, a persistent challenge in recent years. The government has pursued monetary policy adjustments and initiatives to boost food production and reduce reliance on imports. The upcoming report will update on the progress of these measures and guide future economic decisions.
As the country seeks sustained growth and stability, the inflation rate remains a critical indicator of economic health. With the anticipated further moderation, Nigeria may be on track to achieve its economic goals, and the October inflation report will provide valuable insight into the nation’s trajectory.
Comments are closed for this story.