Nigeria Consumer Price Index (CPI) - Forecast

Consumer Price Index CPI in Nigeria is expected to be 251.19 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 301.00 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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Nigeria Prices Last Q1/18 Q2/18 Q3/18 Q4/18 2020
Inflation Rate 15.13 15.1 14.9 13.4 14.8 11.2
Consumer Price Index CPI 248 251 254 256 301 360
Core Consumer Prices 235 238 240 241 298 357
Core Inflation Rate 12.1 10.9 10.1 9.6 9.1 7.2
Food Inflation 18.92 17.99 16.83 15.93 14.8 7.1
GDP Deflator 165 165 165 165 151 164
CPI Transportation 234 236 238 239 234 306
Inflation Rate Mom 0.6 0.91 1 0.93 1.2 0.7