Consumer Price Index CPI in Nigeria increased to 391.50 points in August from 387.50 points in July of 2021. source: National Bureau of Statistics, Nigeria

Consumer Price Index CPI in Nigeria averaged 118.32 points from 1995 until 2021, reaching an all time high of 391.50 points in August of 2021 and a record low of 14.36 points in January of 1995. This page provides - Nigeria Consumer Price Index (CPI) - actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Consumer Price Index (CPI) - values, historical data and charts - was last updated on October of 2021.

Consumer Price Index CPI in Nigeria is expected to be 402.17 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Nigeria Consumer Price Index (CPI) is projected to trend around 430.32 points in 2022 and 458.29 points in 2023, according to our econometric models.

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Nigeria Consumer Price Index (CPI)

Nigeria Last Unit Reference Previous Highest Lowest
Inflation Rate 16.63 percent Sep/21 17.01 47.56 -2.49
Consumer Price Index CPI 396.00 points Sep/21 391.50 396.00 14.36
Core Inflation Rate 13.74 percent Sep/21 13.41 19.28 0.49
Core Consumer Prices 344.80 points Sep/21 340.61 344.80 69.00
Food Inflation 19.57 percent Sep/21 20.30 39.54 -17.50
CPI Transportation 349.80 points Sep/21 346.00 349.80 68.50
Cpi Housing Utilities 345.40 points Sep/21 342.50 345.40 7.80
Inflation Rate Mom 1.02 percent Aug/21 0.93 8.93 -3.50
GDP Deflator 237.80 points Mar/21 222.83 237.80 0.60

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.