CBN Projects 12.94% Inflation Rate in 2026 Amid Food and Fuel Price Drops

The Central Bank of Nigeria (CBN) forecasts a 12.94% inflation rate in 2026, driven by declining prices of food items and petrol. The country is expected to see a 4.49% economic growth, supported by ongoing structural reforms and improved monetary policy conditions.

The recent reduction in petrol prices across Nigeria, following an oil price war, is contributing to the inflation outlook. The CBN aims to stabilize prices and strengthen purchasing power to boost overall economic performance.