Nigeria Consumer Price Index (CPI)  Forecast 2016-2020

Consumer Price Index CPI in Nigeria is expected to be 239.00 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 251.84 in 12 months time. In the long-term, the Nigeria Consumer Price Index (CPI) is projected to trend around 360.00 Index Points in 2020, according to our econometric models.

Nigeria Consumer Price Index (CPI)
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Forecast Actual Q2/17 Q3/17 Q4/17 Q1/18 2020 Unit
Consumer Price Index CPI 226 239 252 260 252 360 Index Points
Nigeria Consumer Price Index (CPI) Forecasts are projected using an autoregressive integrated moving average (ARIMA) model calibrated using our analysts expectations. We model the past behaviour of Nigeria Consumer Price Index (CPI) using vast amounts of historical data and we adjust the coefficients of the econometric model by taking into account our analysts assessments and future expectations. The forecast for - Nigeria Consumer Price Index (CPI) - was last predicted on Saturday, May 27, 2017.
Nigeria Prices Last Q2/17 Q3/17 Q4/17 Q1/18 2020
Inflation Rate 17.24 16.3 16.1 15.7 15.1 11.2
Consumer Price Index CPI 226 239 252 260 252 360
Core Consumer Prices 218 237 249 258 238 357
Core Inflation Rate 14.75 19.5 19.7 18.9 15.46 8.2
Food Inflation 19.3 17.6 17.9 16.4 20.07 7.1
Inflation Rate Mom 1.6 1.7 1.5 1.4 0.97 0.7
GDP Deflator 164 152 140 146 178 164
Cpi Transportation 215 226 233 239 236 306