The Consumer Price Index in Nigeria increased 1.49 percent in January 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 - values, historical data and charts - was last updated on February of 2021.

Inflation Rate Mom in Nigeria is expected to be 1.30 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 0.80 in 12 months time. In the long-term, the Nigeria Inflation Rate MoM is projected to trend around 0.70 percent in 2022, according to our econometric models.

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Nigeria Inflation Rate MoM

Actual Previous Highest Lowest Dates Unit Frequency
1.49 1.61 8.93 -3.50 1995 - 2021 percent Monthly

Nigeria Prices Last Previous Highest Lowest Unit
Inflation Rate 16.47 15.75 47.56 -2.49 percent [+]
Consumer Price Index CPI 361.20 355.90 361.20 14.36 points [+]
Core Consumer Prices 316.48 312.55 316.48 69.00 points [+]
Core Inflation Rate 11.85 11.40 19.28 0.49 percent [+]
Food Inflation 20.57 19.56 39.54 -17.50 percent [+]
Inflation Rate Mom 1.49 1.61 8.93 -3.50 percent [+]
GDP Deflator 219.30 214.01 219.30 0.60 points [+]
Cpi Housing Utilities 323.90 321.10 323.90 7.80 points [+]
CPI Transportation 319.40 315.50 319.40 68.50 points [+]

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