Nigeria Core Consumer Prices - Forecast

Core Consumer Prices in Nigeria is expected to be 251.11 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 273.19 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.


Forecast Data Chart
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Nigeria Prices Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 11.23 10.9 10.5 10.8 12 11.2
Consumer Price Index CPI 266 267 272 280 292 340
Core Consumer Prices 250 251 255 266 273 297
Core Inflation Rate 11.2 9.6 9.1 11.02 11 7.2
Food Inflation 13.16 11.6 14.8 11.26 11.14 7.1
GDP Deflator 185 185 151 190 196 164
Cpi Housing Utilities 268 269 271 272 273 274
CPI Transportation 248 251 256 264 274 320
Inflation Rate Mom 1.1 1.05 1.2 1.04 1.04 0.7