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Leigh explained, “Inflation has increased, reflecting the reforms, the exchange rate, and its pass-through into other goods from imports to other goods.” The IMF has revised its inflation projection for Nigeria up to 26 percent for the current year, considering the implementation of stringent monetary policies and interest rate hikes in the early months of the year, which are expected to help curb inflation.
“We see inflation declining to 23 percent next year and then 18 percent in 2026,”Leigh stated, indicating a significant improvement compared to the current rates but still higher than last year’s forecast of a 15.5 percent inflation rate for 2025.
“Trade linkages are changing, and while some economies could benefit from the reconfiguration of global supply chains, the overall impact may be a loss of efficiency, reducing global economic resilience,”Gourinchas noted..
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