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Nigeria’s inflation barely moves. Is disinflation finally real?

Gridlock at Ijora, Lagos, Nigeria. Photo by Dami Akinbode @ Unsplash
Gridlock at Ijora, Lagos, Nigeria. Photo by Dami Akinbode @ Unsplash

Vincent Nwanma

Vincent Nwanma is a seasoned analyst, columnist, and reporter with over 30 years of experience in business and economics journalism across Nigeria and Africa.
  • Monthly inflation more than halved to 0.71% in August.
  • Food and core pressures eased, strengthening hopes for eventual rate cuts.

 

ABUJA, NIGERIA — Nigeria’s annual inflation barely eased in August, but a sharp slowdown in monthly price growth suggests disinflation may be gaining momentum.

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