Consumer Price Index CPI in Nigeria increased to 326.10 points in June from 322.20 points in May of 2020.

Consumer Price Index CPI in Nigeria averaged 107.15 points from 1995 until 2020, reaching an all time high of 326.10 points in June of 2020 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 August of 2020. source: National Bureau of Statistics, Nigeria

Consumer Price Index CPI in Nigeria is expected to be 338.91 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 366.86 in 12 months time. In the long-term, the Nigeria Consumer Price Index (CPI) is projected to trend around 390.91 points in 2021 and 438.99 points in 2022, according to our econometric models.

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Nigeria Consumer Price Index (CPI)

Actual Previous Highest Lowest Dates Unit Frequency
326.10 322.20 326.10 14.36 1995 - 2020 points Monthly
2009M11=100, NSA

Nigeria Prices Last Previous Highest Lowest Unit
Inflation Rate 12.56 12.40 47.56 -2.49 percent [+]
Consumer Price Index CPI 326.10 322.20 326.10 14.36 points [+]
Core Consumer Prices 295.01 292.50 295.01 69.00 points [+]
Core Inflation Rate 10.13 10.12 19.28 0.49 percent [+]
Food Inflation 15.18 15.04 39.54 -17.50 percent [+]
Inflation Rate Mom 1.21 1.17 8.93 -3.50 percent [+]
GDP Deflator 212.92 202.67 212.92 0.60 points [+]
Cpi Housing Utilities 305.90 303.70 305.90 7.80 points [+]
CPI Transportation 294.30 291.30 294.30 68.50 points [+]


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.