CBN warns of looming inflation as input costs rise

Category: Economy |

Nigeria TV Info reports: The Central Bank of Nigeria (CBN) has raised concerns over increasing input costs across major sectors of the economy, warning that this trend could trigger a fresh wave of consumer price inflation. The warning was contained in the June 2025 edition of the CBN's Purchasing Managers’ Index (PMI) report. According to the report, the input price indices for the composite economy—as well as for the Industry, Services, and Agriculture sectors—were found to be higher than their respective output price indices during the review period. This development, according to the apex bank, reflects growing pressure on business profit margins. The CBN explained that many firms are currently absorbing rising costs without raising prices for consumers, a situation it described as potentially unsustainable in the near future.