Consumer Price Index CPI in Nigeria increased to 274.60 Index Points in December from 272.60 Index Points in November of 2018. Consumer Price Index CPI in Nigeria averaged 95.09 Index Points from 1995 until 2018, reaching an all time high of 274.60 Index Points in December of 2018 and a record low of 14.36 Index Points in January of 1995.

Consumer Price Index CPI in Nigeria is expected to be 280.67 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Price Index CPI in Nigeria to stand at 306.13 in 12 months time. In the long-term, the Nigeria Consumer Price Index (CPI) is projected to trend around 378.54 Index Points in 2020, according to our econometric models.

Nigeria Consumer Price Index (CPI)
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Nigeria Prices Last Previous Highest Lowest Unit
Inflation Rate 11.44 11.28 47.56 -2.49 percent [+]
Consumer Price Index CPI 274.60 272.60 274.60 14.36 Index Points [+]
Core Consumer Prices 256.68 255.41 256.68 69.00 Index Points [+]
Core Inflation Rate 9.80 9.80 19.28 0.49 percent [+]
Food Inflation 13.56 13.30 39.54 -17.50 percent [+]
GDP Deflator 185.15 176.72 185.15 0.60 Index Points [+]
Cpi Housing Utilities 273.30 271.90 273.30 7.80 Index Points [+]
CPI Transportation 255.40 253.60 255.40 68.50 Index Points [+]
Inflation Rate Mom 0.80 0.70 8.93 -3.50 percent [+]


Nigeria Consumer Price Index (CPI)

In Nigeria, the Consumer Price Index or CPI measures changes in the prices paid by consumers for a basket of goods and services. This page provides - Nigeria Consumer Price Index (CPI) - actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Consumer Price Index (CPI) - actual data, historical chart and calendar of releases - was last updated on January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
274.60 272.60 274.60 14.36 1995 - 2018 Index Points Monthly
2009M11=100, NSA




Country Last Previous
Argentina 184.26 Dec/18
Australia 113.50 Sep/18
Brazil 5100.61 Dec/18
Canada 133.40 Dec/18
China 101.90 Dec/18
Euro Area 104.29 Dec/18
France 103.47 Dec/18
Germany 112.50 Dec/18
India 140.20 Dec/18
Indonesia 135.39 Dec/18
Italy 102.30 Dec/18
Japan 101.50 Dec/18
Mexico 103.02 Dec/18
Netherlands 103.99 Dec/18
Russia 574.60 Dec/18
Saudi Arabia 106.20 Dec/18
Singapore 100.10 Nov/18
South Africa 109.60 Nov/18
South Korea 104.35 Dec/18
Spain 104.41 Dec/18
Switzerland 101.50 Dec/18
Turkey 393.88 Dec/18
United Kingdom 107.10 Dec/18
United States 252.73 Dec/18


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