Core consumer prices in Nigeria increased 16.82 percent in May of 2026 over the same month in the previous year. Core Inflation Rate in Nigeria averaged 12.82 percent from 2007 until 2026, reaching an all time high of 29.28 percent in December of 2024 and a record low of 0.49 percent in March of 2008. source: National Bureau of Statistics, Nigeria
Core Inflation Rate in Nigeria is expected to be 16.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Nigeria Core Inflation Rate is projected to trend around 14.00 percent in 2027, according to our econometric models.