Nigeria Inflation Rate MoM - Forecast

Inflation Rate Mom in Nigeria is expected to be 1.05 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate Mom in Nigeria to stand at 1.04 in 12 months time. In the long-term, the Nigeria Inflation Rate MoM is projected to trend around 0.70 percent in 2020, according to our econometric models.


Forecast Data Chart
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Nigeria Prices Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 11.14 9 10.5 10.8 12 11.2
Consumer Price Index CPI 263 263 272 280 292 340
Core Consumer Prices 248 251 255 266 273 297
Core Inflation Rate 10.2 9.6 9.1 11.02 11 7.2
Food Inflation 12.85 11.6 14.8 11.26 11.14 7.1
GDP Deflator 166 166 151 167 167 164
Cpi Housing Utilities 267 268 270 271 271 272
CPI Transportation 247 247 256 264 274 320
Inflation Rate Mom 1.1 1.05 1.2 1.04 1.04 0.7