The Consumer Price Index in Nigeria increased 1.08 percent in November of 2021 over the previous month. source: National Bureau of Statistics, Nigeria

Inflation Rate Mom in Nigeria averaged 1.05 percent from 1995 until 2021, 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 January of 2022.

Inflation Rate Mom in Nigeria is expected to be 1.00 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 0.80 percent in 2023 and 0.60 percent in 2024, according to our econometric models.

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Nigeria Inflation Rate MoM

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
1.82 1.08 8.93 -3.50 1995 - 2021 percent Monthly

Calendar GMT Actual Previous Consensus TEForecast
2021-12-15 01:10 PM Nov 1.08% 0.98% 1%

Related Last Previous Unit Reference
Inflation Rate 15.63 15.40 percent Dec/21
Consumer Price Index CPI 411.50 404.20 points Dec/21
Core Inflation Rate 13.87 13.85 percent Dec/21
Core Consumer Prices 355.90 352.00 points Dec/21
Food Inflation 17.37 17.21 percent Dec/21
CPI Transportation 363.00 358.50 points Dec/21
CPI Housing Utilities 356.70 352.10 points Dec/21
Inflation Rate Mom 1.82 1.08 percent Dec/21
GDP Deflator 243.29 234.35 points Sep/21