The transportation sub-index of the CPI basket in Nigeria increased to 270.50 Index Points in August of 2019 from 268.50 Index Points in July of 2019. CPI Transportation in Nigeria averaged 147.30 Index Points from 2006 until 2019, reaching an all time high of 270.50 Index Points in August of 2019 and a record low of 68.50 Index Points in February of 2006.
CPI Transportation in Nigeria is expected to be 278.11 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate CPI Transportation in Nigeria to stand at 296.35 in 12 months time. In the long-term, the Nigeria CPI Transportation is projected to trend around 350.55 Index Points in 2020, according to our econometric models.