Consumer Price Index CPI in Nigeria increased to 366.80 points in February from 361.20 points in January of 2021. source: National Bureau of Statistics, Nigeria

Consumer Price Index CPI in Nigeria averaged 113.28 points from 1995 until 2021, reaching an all time high of 366.80 points in February of 2021 and a record low of 14.36 points in January of 1995. This page provides - Nigeria Consumer Price Index (CPI) - actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Consumer Price Index (CPI) - values, historical data and charts - was last updated on April of 2021.

Consumer Price Index CPI in Nigeria is expected to be 370.99 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Price Index CPI in Nigeria to stand at 405.73 in 12 months time. In the long-term, the Nigeria Consumer Price Index (CPI) is projected to trend around 454.41 points in 2022 and 497.58 points in 2023, according to our econometric models.

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Nigeria Consumer Price Index (CPI)

Actual Previous Highest Lowest Dates Unit Frequency
366.80 361.20 366.80 14.36 1995 - 2021 points Monthly
2009M11=100, NSA

Nigeria Prices Last Previous Highest Lowest Unit
Inflation Rate 17.33 16.47 47.56 -2.49 percent [+]
Consumer Price Index CPI 366.80 361.20 366.80 14.36 points [+]
Core Consumer Prices 320.30 316.48 320.30 69.00 points [+]
Core Inflation Rate 12.38 11.85 19.28 0.49 percent [+]
Food Inflation 21.79 20.57 39.54 -17.50 percent [+]
Inflation Rate Mom 1.54 1.49 8.93 -3.50 percent [+]
GDP Deflator 219.30 214.01 219.30 0.60 points [+]
Cpi Housing Utilities 326.80 323.90 326.80 7.80 points [+]
CPI Transportation 323.50 319.40 323.50 68.50 points [+]


Nigeria Consumer Price Index (CPI)
In Nigeria, the Consumer Price Index or CPI measures changes in the prices paid by consumers for a basket of goods and services.