Core consumer prices in Nigeria increased 10.12 percent in May of 2020 over the same month in the previous year.

Core Inflation Rate in Nigeria averaged 10.21 percent from 2007 until 2020, 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 2020. source: National Bureau of Statistics, Nigeria

Core Inflation Rate in Nigeria is expected to be 10.40 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 2021 and 7.30 percent in 2022, according to our econometric models.

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Nigeria Core Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
10.12 9.98 19.28 0.49 2007 - 2020 percent Monthly
2009=100

Nigeria Prices Last Previous Highest Lowest Unit
Inflation Rate 12.40 12.34 47.56 -2.49 percent [+]
Consumer Price Index CPI 322.20 318.40 322.20 14.36 points [+]
Core Consumer Prices 292.50 289.96 292.50 69.00 points [+]
Core Inflation Rate 10.12 9.98 19.28 0.49 percent [+]
Food Inflation 15.04 15.03 39.54 -17.50 percent [+]
Inflation Rate Mom 1.17 1.02 8.93 -3.50 percent [+]
GDP Deflator 202.67 204.43 206.73 0.60 points [+]
Cpi Housing Utilities 303.70 301.50 303.70 7.80 points [+]
CPI Transportation 291.30 288.30 291.30 68.50 points [+]