Nigeria Inflation Rate - Forecast

Inflation Rate in Nigeria is expected to be 15.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Nigeria to stand at 14.80 in 12 months time. In the long-term, the Nigeria Inflation Rate is projected to trend around 11.20 percent in 2020, according to our econometric models.


Nigeria Inflation Rate
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Nigeria Prices Last Q1/18 Q2/18 Q3/18 Q4/18 2020
Inflation Rate 15.37 15.1 14.9 13.4 14.8 11.2
Consumer Price Index CPI 246 250 252 253 301 360
Core Consumer Prices 234 237 239 240 298 357
Core Inflation Rate 12.1 10.9 10.1 9.6 9.1 7.2
Food Inflation 19.42 17.91 16.76 15.87 14.8 7.1
GDP Deflator 165 165 165 165 151 164
CPI Transportation 232 235 236 236 234 306
Inflation Rate Mom 0.59 1.01 0.98 0.95 1.2 0.7