Bloomberg analysts predict Nigeria’s CPI rate, due on March 17, will moderate to 23.6% year-on-year in February, down from 24.5% in January. The CPI series has undergone changes for the first time in 15 years, making it challenging to predict future trends. A year ago, inflation surged due to significant naira depreciation, but it is expected to slow in the first half of 2025, with a firmer naira and lower oil prices likely contributing to the moderation. Policymakers are expected to keep rates at 27.5% at least until mid-2025, with rate cuts possibly starting from Q3 2025.