CBN Warns Middle East Tensions and Election Spending Could Halt Disinflation

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CBN Warns Middle East Tensions and Election Spending Could Halt Disinflation

ABUJA — The Central Bank of Nigeria has warned that tensions in the Middle East and spending ahead of the 2027 elections could disrupt the fall in inflation. In its Monetary Policy Committee communiqué, the bank noted that headline inflation was 15.39 per cent in August, with food inflation at 19.57 per cent and core inflation at 13.92 per cent. The economy grew 4.43 per cent in the second quarter.

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