Core consumer prices in Nigeria increased 14.90 percent in May of 2022 over the same month in the previous year. source: National Bureau of Statistics, Nigeria

Core Inflation Rate in Nigeria averaged 10.53 percent from 2007 until 2022, reaching an all time high of 19.28 percent in January of 2007 and a record low of 0.49 percent in March of 2008. This page provides the latest reported value for - Nigeria Core Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Nigeria Core Inflation Rate - values, historical data and charts - was last updated on July of 2022.

Core Inflation Rate in Nigeria is expected to be 16.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Nigeria Core Inflation Rate is projected to trend around 10.00 percent in 2023 and 8.00 percent in 2024, according to our econometric models.

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Nigeria Core Inflation Rate



Related Last Previous Unit Reference
Inflation Rate 17.71 16.82 percent May 2022
Consumer Price Index CPI 447.20 439.40 points May 2022
Core Inflation Rate 14.90 14.18 percent May 2022
Core Consumer Prices 380.30 373.30 points May 2022
Food Inflation 19.50 18.37 percent May 2022
CPI Transportation 389.70 383.70 points May 2022
CPI Housing Utilities 380.70 375.50 points May 2022
Inflation Rate Mom 1.78 1.76 percent May 2022
GDP Deflator 242.39 243.29 points Dec 2021