Nigeria Core Consumer Prices - Forecast

Core Consumer Prices in Nigeria is expected to be 245.48 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 268.81 in 12 months time. In the long-term, the Nigeria Core Consumer Prices is projected to trend around 296.73 Index Points in 2020, according to our econometric models.


Nigeria Core Consumer Prices
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Nigeria Prices Last Q2/18 Q3/18 Q4/18 Q1/19 2020
Inflation Rate 13.34 13.4 12.7 14.8 12.2 11.2
Consumer Price Index CPI 252 266 272 283 285 353
Core Consumer Prices 239 245 251 255 269 297
Core Inflation Rate 11.2 10.1 9.6 9.1 13.33 7.2
Food Inflation 16.08 16.02 15.29 14.8 14.28 7.1
GDP Deflator 168 167 166 151 166 164
Cpi Housing Utilities 259
CPI Transportation 238 250 255 266 272 333
Inflation Rate Mom 0.8 0.99 0.94 1.2 0.95 0.7