Nigeria Inflation Rate  Forecast


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Inflation Rate in Nigeria is expected to be 15.70 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 15.60 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 Prices Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Inflation Rate 15.91 15.7 15.1 14.9 15.6 11.2
Consumer Price Index CPI 243 260 248 250 251 360
Core Consumer Prices 231 258 236 237 238 357
Core Inflation Rate 12.14 11.5 10.9 10.1 9.6 7.2
Food Inflation 20.31 16.4 17.43 16.38 15.56 7.1
GDP Deflator 165 146 164 164 164 164
CPI Transportation 228 239 230 230 230 306
Inflation Rate Mom 0.76 1.4 1.06 1.05 1.05 0.7