Nigeria Consumer Price Index (CPI) - Forecast

Consumer Price Index CPI in Nigeria is expected to be 265.58 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 279.91 in 12 months time. In the long-term, the Nigeria Consumer Price Index (CPI) is projected to trend around 353.24 Index Points in 2020, according to our econometric models.


Nigeria Consumer Price Index (CPI)
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Nigeria Prices Last Q2/18 Q3/18 Q4/18 Q1/19 2020
Inflation Rate 11.61 13.4 10.9 14.8 10.9 11.2
Consumer Price Index CPI 257 266 267 283 280 353
Core Consumer Prices 244 245 251 255 271 297
Core Inflation Rate 10.9 10.1 9.6 9.1 13.33 7.2
Food Inflation 13.45 13.8 11.6 14.8 11.5 7.1
GDP Deflator 166 166 166 151 167 164
Cpi Housing Utilities 263 264 266 268 269 269
CPI Transportation 243 250 251 266 264 333
Inflation Rate Mom 1.1 1.08 1.06 1.2 1.04 0.7