Nigeria's Inflation Expected to Drop to 15.84% in October, Stanbic IBTC Bank Analysts Say
Analysts at Stanbic IBTC Bank project Nigeria's headline inflation rate to drop to 15.84% in October 2025 from 18.02% in September. The decrease is attributed to moderating food prices amid the ongoing harvest season.
The latest Stanbic IBTC Bank Nigeria Purchasing Managers' Index (PMI) report shows that headline inflation is expected to further moderate to 14.25-14.62% in November. Muyiwa Oni, an equity research analyst at Stanbic IBTC Bank, notes that the season's harvest effects and improved agricultural output are driving the moderation in food prices.
Additionally, the report highlights that the broader inflation outlook remains positive, with output growth hitting a six-month high in October, driven by increased new orders and product launches across various sectors.
Plus234Feed summary based on reporting from Leadership Newspaper. Read the original report below.
Read full article
Continue on Leadership Newspaper
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
Nigeria's October Inflation Expected to Decline Further, Analysts Forecast Range
Nigeria's Inflation Rate Drops to 14.45% in November 2025
Nigeria's Inflation Rate Drops to 16.05% in October 2025
Nigeria's Inflation Rate Drops to 18.02% in September 2025, Food Inflation Declines
Nigeria's Inflation Rate Drops to 18.02% in September: NBS Report
Nigeria's Inflation Rate Falls to 14.45% in November, CPI Rises: NBS Report
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
