Nigeria Core Consumer Prices - Forecast

Core Consumer Prices in Nigeria is expected to be 237.28 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Core Consumer Prices in Nigeria to stand at 298.00 in 12 months time. In the long-term, the Nigeria Core Consumer Prices is projected to trend around 357.00 Index Points in 2020, according to our econometric models.


Nigeria Core Consumer Prices
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Nigeria Prices Last Q1/18 Q2/18 Q3/18 Q4/18 2020
Inflation Rate 15.37 15.1 14.9 13.4 14.8 11.2
Consumer Price Index CPI 246 250 252 253 301 360
Core Consumer Prices 233 237 239 241 298 357
Core Inflation Rate 12.1 10.9 10.1 9.6 9.1 7.2
Food Inflation 19.42 17.91 16.76 15.87 14.8 7.1
GDP Deflator 165 165 165 165 151 164
CPI Transportation 232 235 236 236 234 306
Inflation Rate Mom 0.59 1.01 0.98 0.95 1.2 0.7