Nigeria Inflation Rate 2024 Forecast

Nigeria Inflation Rate 2024 Forecast. Nigeria inflation rate for 2022 was 18.85%, a 1.89% increase from 2021. Nigeria’s inflation is projected to drop to 21.5% in 2024, from the 24.5% recorded in 2023.


Nigeria Inflation Rate 2024 Forecast

Inflation is expected to rise to 31.6% in 2024, driven by higher food prices and continued depreciation of the naira, before moderating to 20.7% in 2025 as inflationary pressures abate. 33.27%), the first decline in 19 months.

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