Nigeria’s inflation rate could fall slightly to 15.87 per cent in July, according to analysts at Financial Derivatives Company Limited.
The projection would represent a marginal decline from the 15.91 per cent recorded in June, when inflation also fell from 15.93 per cent in May.
The June figure was significantly lower than the 25.29 per cent recorded in June 2025, reflecting the broader decline in inflation over the past year.
The Central Bank of Nigeria (CBN) has also pointed to signs of easing inflationary pressure. In its explanation of recent Monetary Policy Committee decisions, the apex bank said month-on-month headline inflation had slowed sharply, while core inflation also moderated.
The CBN reported that headline inflation stood at 15.69 per cent year-on-year in April, compared with 15.38 per cent in March. It added that the 12-month average inflation rate fell to 19.16 per cent in April, marking its sixth consecutive monthly decline.
According to the CBN, the trend indicates that Nigeria’s longer-term disinflationary path remains intact and that the risk of persistent inflation is declining.
The bank attributed the improving outlook partly to foreign exchange reforms, tighter monetary policy, fiscal consolidation and stronger monetary transmission. It said these measures had strengthened Nigeria’s ability to absorb external shocks, including fluctuations in global commodity and energy prices.
The CBN also said the ongoing Middle East crisis had so far had a limited impact on Nigeria’s economy, with its effects largely confined to marginal inflationary pressures.
