The Consumer Price Index in Nigeria increased 0.71 percent in August of 2026 over the previous month. Inflation Rate MoM in Nigeria averaged 1.20 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 1.30 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 0.70 percent in 2027 and 0.90 percent in 2028, according to our econometric models.