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.