The Consumer Price Index in Nigeria increased 1.76 percent in April of 2022 over the previous month. source: National Bureau of Statistics, Nigeria

Inflation Rate Mom in Nigeria averaged 1.06 percent from 1995 until 2022, reaching an all time high of 8.93 percent in April of 1995 and a record low of -3.50 percent in August of 1999. This page provides - Nigeria Inflation Rate MoM- actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Inflation Rate MoM - data, historical chart, forecasts and calendar of releases - was last updated on May of 2022.

Inflation Rate Mom in Nigeria is expected to be 1.50 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 1.30 percent in 2023 and 1.10 percent in 2024, according to our econometric models.

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Nigeria Inflation Rate MoM



Related Last Previous Unit Reference
Inflation Rate 16.82 15.92 percent Apr 2022
Consumer Price Index CPI 439.40 431.80 points Apr 2022
Core Inflation Rate 14.18 13.91 percent Apr 2022
Core Consumer Prices 373.30 368.75 points Apr 2022
Food Inflation 18.37 17.20 percent Apr 2022
CPI Transportation 383.70 377.90 points Apr 2022
CPI Housing Utilities 375.50 370.40 points Apr 2022
Inflation Rate Mom 1.76 1.74 percent Apr 2022
GDP Deflator 242.39 243.29 points Dec 2021

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
1.76 1.74 8.93 -3.50 1995 - 2022 percent Monthly
2009=100