{"id":116220,"date":"2024-04-17T21:45:17","date_gmt":"2024-04-17T20:45:17","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/nigerias-inflation-will-drop-to-23-by-2025-imf"},"modified":"2024-04-17T23:50:11","modified_gmt":"2024-04-17T22:50:11","slug":"nigerias-inflation-will-drop-to-23-by-2025-imf","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-inflation-will-drop-to-23-by-2025-imf","title":{"rendered":"Nigeria\u2019s inflation will drop to 23% by 2025 \u2013 IMF"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>The International Monetary Fund, IMF, says Nigeria\u2019s inflation will drop to 23 per cent in 2025 from 33.2 per cent in March 2024.<\/p>\n

The Washington-based bank disclosed this on Tuesday during its Global Economic Outlook at the International Monetary Fund\/World Bank Spring Meetings.<\/p>\n

Division Chief of the IMF Research Department, Daniel Leigh, said the impact of Nigeria\u2019s economic reforms, including two exchange rate adjustments, contributed to the surge in the inflation rate to 33.2 per cent in March.<\/p>\n

He, however, noted that Nigeria\u2019s economic growth is expected to rise from 2.9 per cent last year to 3.3 per cent in 2024.<\/p>\n

\u201cInflation has increased, reflecting the reforms, the exchange rate, and its pass-through into other goods from imports to other goods.<\/p>\n

\u201cWe see inflation declining to 23 per cent next year and then 18 per cent in 2026\u201d, he said.<\/p>\n

Recall that the latest consumer price index and inflation report by the National Bureau of Statistics showed that food inflation soared to 40.01 per cent in March.<\/p>\n

For More News And Analysis About Nigeria<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. The International Monetary Fund, IMF, says Nigeria\u2019s inflation will drop to 23 per cent in 2025 from 33.2 per cent in March 2024. The Washington-based bank disclosed this on Tuesday during its Global Economic Outlook at the International Monetary Fund\/World Bank Spring Meetings. Division Chief of the IMF Research Department, Daniel Leigh, […]<\/p>\n","protected":false},"author":84,"featured_media":116219,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[1570,2140,566,254],"class_list":["post-116220","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-nigeria-2","tag-imf","tag-nigeria"],"yoast_head":"\nNigeria\u2019s inflation will drop to 23% by 2025 \u2013 IMF - Nigeria<\/title>\n<meta name=\"description\" content=\"The International Monetary Fund, IMF, says Nigeria\u2019s inflation will drop to 23 per cent in 2025 from 33.2 per cent in Ma ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-inflation-will-drop-to-23-by-2025-imf\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nigeria\u2019s inflation will drop to 23% by 2025 \u2013 IMF\" \/>\n<meta property=\"og:description\" content=\"The International Monetary Fund, IMF, says Nigeria\u2019s inflation will drop to 23 per cent in 2025 from 33.2 per cent in Ma ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-inflation-will-drop-to-23-by-2025-imf\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-17T20:45:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-17T22:50:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/04\/sm_1713377805.9595.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"768\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-inflation-will-drop-to-23-by-2025-imf#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-inflation-will-drop-to-23-by-2025-imf\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Nigeria\u2019s inflation will drop to 23% by 2025 \u2013 IMF\",\"datePublished\":\"2024-04-17T20:45:17+00:00\",\"dateModified\":\"2024-04-17T22:50:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-inflation-will-drop-to-23-by-2025-imf\"},\"wordCount\":179,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-inflation-will-drop-to-23-by-2025-imf#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/04\/sm_1713377805.9595.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"IMF\",\"Nigeria\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-inflation-will-drop-to-23-by-2025-imf#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-inflation-will-drop-to-23-by-2025-imf\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-inflation-will-drop-to-23-by-2025-imf\",\"name\":\"Nigeria\u2019s inflation will drop to 23% by 2025 \u2013 IMF - 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