Nigeria's annual core inflation, which excludes price of volatile agricultural products, rose to 9.33 percent in December 2019 from 8.99 percent in the previous month, reaching its highest level since March.
Core Inflation Rate in Nigeria averaged 10.23 percent from 2007 until 2019, 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. source: National Bureau of Statistics, Nigeria
Core Inflation Rate in Nigeria is expected to be 8.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Core Inflation Rate in Nigeria to stand at 8.40 in 12 months time. In the long-term, the Nigeria Core Inflation Rate is projected to trend around 7.50 percent in 2020, according to our econometric models.