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 Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 11.61 9 10.5 11.1 12 11.2
Consumer Price Index CPI 257 263 272 280 292 340
Core Consumer Prices 244 251 255 266 270 297
Core Inflation Rate 10.7 9.6 9.1 11.02 11 7.2
Food Inflation 13.45 11.6 14.8 11.5 11.39 7.1
GDP Deflator 166 166 151 167 167 164
Cpi Housing Utilities 263 266 268 269 269 269
CPI Transportation 243 247 256 265 275 320
Inflation Rate Mom 1.1 1.05 1.2 1.04 1.04 0.7