The Consumer Price Index in Nigeria increased 2.01 percent in February of 2026 over the previous month. Inflation Rate MoM in Nigeria averaged 1.19 percent from 1995 until 2026, reaching an all time high of 10.70 percent in January of 2025 and a record low of -3.50 percent in August of 1999. source: National Bureau of Statistics, Nigeria

Inflation Rate MoM in Nigeria is expected to be 3.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Nigeria Inflation Rate MoM is projected to trend around 1.70 percent in 2027 and 2.30 percent in 2028, according to our econometric models.



Related Last Previous Unit Reference
Consumer Price Index CPI 135.40 130.00 points Mar 2026
Core Consumer Prices 137.00 131.70 points Mar 2026
Core Inflation Rate 16.21 15.88 percent Mar 2026
CPI Housing Utilities 136.60 131.30 points Mar 2026
CPI Transportation 137.40 132.20 points Mar 2026
Food Inflation YoY 14.31 12.12 percent Mar 2026
GDP Deflator 199.15 196.73 points Sep 2025
Inflation Rate YoY 15.38 15.06 percent Mar 2026
Inflation Rate MoM 4.20 2.01 percent Mar 2026


Nigeria Inflation Rate MoM
Inflation Rate MoM measures month over month change in the price of goods and services.
Actual Previous Highest Lowest Dates Unit Frequency
4.20 2.01 10.70 -3.50 1995 - 2026 percent Monthly
2024=100