Nigeria Inflation Rate - Forecast

Inflation Rate in Nigeria is expected to be 10.50 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 12.50 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.


Forecast Data Chart
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Nigeria Prices Last Q4/18 Q1/19 Q2/19 Q3/19 2020
Inflation Rate 11.28 10.5 11.4 12 12.5 11.2
Consumer Price Index CPI 268 272 281 292 302 340
Core Consumer Prices 252 255 263 271 277 297
Core Inflation Rate 9.8 9.1 10.09 10.08 10.05 7.2
Food Inflation 13.31 11.8 10.5 12 12.5 8.1
GDP Deflator 185 151 190 196 196 164
Cpi Housing Utilities 269 272 273 274 274 274
CPI Transportation 250 256 266 274 281 320
Inflation Rate Mom 0.8 1.2 0.99 0.99 0.99 0.7