尼日利亚10年期国债 (Nigeria10Y) 加自选

尼日利亚的年通货膨胀率在2025年7月连续第四个月放缓至21.88%，为2023年1月以来的最低水平，从6月的22.22%降至21.88%，这得益于货币稳定和汽油价格下跌。然而，食品通胀是通胀篮子中最大的组成部分，连续第二个月加速至22.74%，而前一个月为21.97%。剔除农产品和能源价格波动的核心通胀率从6月份的22.76%降至7月份的21.30%。7月份CPI环比上涨1.99%，而前一个月上涨1.68%。

Nigeria’s annual inflation rate decelerated for the fourth month to 21.88% in July 2025, the lowest level since January 2023, from 22.22% in June, helped by currency stability and a drop in gasoline prices. However, food inflation, the largest component of the inflation basket, accelerated for the second month to 22.74%, from 21.97% the month before. The core inflation rate, which strips out the volatile prices of agricultural produce and energy, slowed to 21.30% in July from 22.76% in June. On a monthly basis, the CPI rose by 1.99% in July, after increasing by 1.68% in the prior month.

2025年第一季度，尼日利亚经济同比增长3.13%，高于去年同期的2.27%。服务业仍然是主要的增长引擎，增长4.33%，对GDP的贡献率为57.5%。在服务业中，电信和信息服务业强劲增长7.40%，占总产出的10.59%。工业部门进一步增长，增长3.42%（2024年第一季度为2.35%）。然而，石油行业的增长放缓至1.87%（相比4.71%）。与此同时，制造业温和回升1.69%（相比0.11%），对GDP的贡献率为9.62%。主要驱动因素包括食品、饮料和烟草、化学和药品以及水泥。此外，农业部门小幅上涨0.07%，从2024年第一季度1.79%的收缩中反弹。

Nigeria’s economy expanded by 3.13% year-on-year in the first quarter of 2025, accelerating from 2.27% in the same period last year. The services sector remained the key growth engine, rising 4.33% and contributing 57.5% to GDP. Within services, telecommunications and information services posted a robust 7.40% expansion, accounting for 10.59% of overall output. The industrial sector gained further traction, rising 3.42% (vs. 2.35% in Q1 2024). However, growth in the oil sector moderated to 1.87% (vs. 4.71%). Meanwhile, the manufacturing sector recorded a modest pickup of 1.69% (vs. 0.11%), contributing 9.62% to GDP. Key drivers included food, beverage and tobacco, chemical and pharmaceutical products, and cement. Moreover, the agriculture sector edged up 0.07%, rebounding from a 1.79% contraction in Q1 2024.

尼日利亚央行于2025年7月22日将关键利率维持在27.5%不变，连续第三次保持稳定。尼日利亚6月份的年通货膨胀率降至22.22%，为2023年4月以来的最低水平，也是连续第三个月下降。然而，6月份的核心通胀率从5月份的22.28%微升至22.76%，而环比通胀率小幅上升至1.68%。央行还强调了全球贸易紧张局势和地缘政治波动带来的风险，特别是美国关税的潜在价格影响，这可能会加剧进口通胀压力。在此背景下，货币政策委员会强调了保持稳定的货币政策立场以确保全面解除通胀冲击的重要性。

Nigeria's central bank kept its key interest rate unchanged at 27.5% on July 22, 2025, holding steady for a third consecutive meeting. Nigeria’s annual inflation rate eased to 22.22% in June — the lowest reading since April 2023 and the third consecutive monthly decline. However, core inflation inched higher to 22.76% in June from 22.28% in May, while month-on-month inflation rose slightly to 1.68%. The central bank also highlighted risks stemming from global trade tensions and geopolitical volatility, notably the potential price impacts from US tariffs, which could fuel imported inflationary pressures. Against this backdrop, the MPC underscored the importance of maintaining a steady monetary policy stance to ensure the full unwinding of inflationary shocks.

尼日利亚的年通货膨胀率在2025年6月连续第三个月下降至22.22%，为2023年4月以来的最低水平，这得益于基数效应和相对稳定的汇率。食品通胀是通胀篮子中最大的组成部分，从前一个月的21.14%略微加速至21.97%，这可能反映了萨拉节的影响，该节牲畜和商品价格平均上涨了35%。剔除农产品和能源价格波动的核心通胀率从5月份的22.28%上升到6月份的22.76%。按月计算，6月份消费者价格在上个月上涨1.53%后上涨了1.68%。

Nigeria’s annual inflation rate fell for the third month to 22.22% in June 2025, the softest since April 2023, driven by base effects and a relatively stable exchange rate. Food inflation, the largest component of the inflation basket, accelerated slightly to 21.97%, from 21.14% the month before, likely reflecting the impact of the Sallah festival, which saw livestock and commodity prices surge by an average of 35%. The core inflation rate, which strips out the volatile prices of agricultural produce and energy, increased to 22.76% in June from 22.28% in May. On a monthly basis, consumer prices rose by 1.68% in June, after a 1.53% increase in the previous month.