Core consumer prices in Nigeria increased 20.14 percent in April of 2023 over the same month in the previous year. source: National Bureau of Statistics, Nigeria

Core Inflation Rate in Nigeria averaged 10.95 percent from 2007 until 2023, reaching an all time high of 20.14 percent in April of 2023 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 June of 2023.

Core Inflation Rate in Nigeria is expected to be 23.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Nigeria Core Inflation Rate is projected to trend around 10.00 percent in 2024 and 8.00 percent in 2025, according to our econometric models.

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Nigeria Core Inflation Rate

Related Last Previous Unit Reference
Inflation Rate 22.22 22.04 percent Apr 2023
Consumer Price Index CPI 537.00 527.00 points Apr 2023
Core Inflation Rate 20.14 19.86 percent Apr 2023
Core Consumer Prices 448.41 441.97 points Apr 2023
Food Inflation 24.61 24.45 percent Apr 2023
CPI Transportation 472.40 462.00 points Apr 2023
CPI Housing Utilities 444.20 437.80 points Apr 2023
Inflation Rate MoM 1.91 1.86 percent Apr 2023
GDP Deflator 269.71 275.61 points Dec 2022