Nigeria's October Inflation Expected to Decline Further, Analysts Forecast Range

Analysts forecast a continued decline in Nigeria's inflation rate for October 2025, with expectations ranging from 16.20% to 17.76%. Factors contributing to this decline include easing food inflation, improved foreign exchange conditions, and supply dynamics across key commodities.

Despite persistent domestic cost pressures, experts anticipate a slow disinflation pace. The consensus suggests a potential monetary policy rate (MPR) cut at the next Monetary Policy Committee (MPC) meeting.

Notably, the inflation trajectory is expected to soften, supported by moderating food prices and stable FX conditions. The disinflationary trend is seen as favorable for supply-side conditions and may lead to an MPR cut to further support the economy.