Professional services firm, PwC Nigeria, has projected that inflation would decline to 26 per cent in 2025 on the back of monetary policy tightening and improving dynamics in Nigeria’s foreign exchange market.

The projection was made in its latest report, ‘Nigeria’s 2025 Budget and Economic Outlook,’ which provides a comprehensive analysis of the country’s budget and economic prospects for 2025.

PwC outlined that the projected decline in inflation coupled with the implementation of the minimum wage could ease the erosion of real incomes, allowing for a slight recovery in consumer spending.

Organised into three sections, the report’s economic outlook section takes a deep dive into the significant issues that will drive Nigeria’s economic trajectory in 2025, offering considerations for policy and decision-making.

The report noted that inflation rate in the country had surged to 34.8 per cent in December 2024, significantly reducing the purchasing power of consumers by making their money less valuable.

https://thenationonlineng.net/decline-in-inflation-to-ease-consumer-spending/amp/