Consumer prices in Nigeria went up 0.85 percent year-on-year in December 2019, the most since March, easing from a 1.02 percent increase in the prior month. Prices slowed mostly for food (0.97 percent vs 1.25 percent in November) and housing & utilities (0.52 percent vs 0.62 percent).

Inflation Rate Mom in Nigeria averaged 1.04 percent from 1995 until 2019, 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. source: National Bureau of Statistics, Nigeria

Inflation Rate Mom in Nigeria is expected to be 0.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate Mom in Nigeria to stand at 1.00 in 12 months time. In the long-term, the Nigeria Inflation Rate MoM is projected to trend around 1.10 percent in 2020, according to our econometric models.

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Nigeria Inflation Rate MoM

Actual Previous Highest Lowest Dates Unit Frequency
0.85 1.02 8.93 -3.50 1995 - 2019 percent Monthly

Nigeria Inflation Rate MoM
Inflation Rate MoM measures month over month change in the price of goods and services.

Nigeria Prices Last Previous Highest Lowest Unit
Inflation Rate 11.98 11.85 47.56 -2.49 percent [+]
Consumer Price Index CPI 307.50 304.90 307.50 14.36 points [+]
Core Consumer Prices 280.63 278.40 280.63 69.00 points [+]
Core Inflation Rate 9.30 9.00 19.28 0.49 percent [+]
Food Inflation 14.67 14.48 39.54 -17.50 percent [+]
GDP Deflator 204.43 206.74 206.74 0.60 points [+]
Cpi Housing Utilities 294.40 292.90 294.40 7.80 points [+]
CPI Transportation 279.10 276.90 279.10 68.50 points [+]
Inflation Rate Mom 0.85 1.02 8.93 -3.50 percent [+]