Nigeria Inflation Rate  Forecast


Inflation Rate in Nigeria is expected to be 16.10 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 14.90 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 Q3/17 Q4/17 Q1/18 Q2/18 2020
Inflation Rate 16.01 16.1 15.7 15.1 14.9 11.2
Consumer Price Index CPI 239 252 260 258 266 360
Core Consumer Prices 227 249 258 241 247 357
Core Inflation Rate 12.3 19.7 18.9 13.59 13.45 8.2
Food Inflation 20.25 17.9 16.4 20.55 20.6 7.1
Inflation Rate Mom 0.97 1.5 1.4 0.99 0.99 0.7
GDP Deflator 165 140 146 177 177 164
CPI Transportation 225 233 239 239 245 306