The Presidency on Wednesday projected that inflation will moderate further in the near term, supported by sustained exchange rate stability and improved food supplies from the ongoing harvest season, according to the Access Bank Plc Economic Intelligence Unit.
Bayo Onanuga, spokesperson to President Bola Tinubu, disclosed this today via his official X account, that headline inflation is expected to ease to 16.84% year-over-year in October 2025, from 18.02% in September, representing a 1.18 percentage point decline.
According to his tweet, the Consumer Price Index (CPI) is projected to rise by 2.1 points to 129.8 points in October 2025 from the previous month.
He said the methodology used by the report entails the application of an autoregressive model using lags of the composite consumer price index (CPI) and a survey-based inflation expectation within the same product definitions adopted by the NBS
