Nigeria's annual core inflation rate, which excludes the prices of agricultural produce, rose to 13.87% in December of 2021, the highest since April of 2017, from 13.85% in the prior month. source: National Bureau of Statistics, Nigeria

Core Inflation Rate in Nigeria averaged 10.43 percent from 2007 until 2021, reaching an all time high of 19.28 percent in January of 2007 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 January of 2022.

Core Inflation Rate in Nigeria is expected to be 10.60 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 9.00 percent in 2023 and 8.00 percent in 2024, according to our econometric models.

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Nigeria Core Inflation Rate


Related Last Previous Unit Reference
Inflation Rate 15.63 15.40 percent Dec/21
Consumer Price Index CPI 411.50 404.20 points Dec/21
Core Inflation Rate 13.87 13.85 percent Dec/21
Core Consumer Prices 355.90 352.00 points Dec/21
Food Inflation 17.37 17.21 percent Dec/21
Inflation Rate Mom 1.82 1.08 percent Dec/21
CPI Transportation 358.50 354.20 points Nov/21
CPI Housing Utilities 352.10 348.70 points Nov/21
GDP Deflator 243.29 234.35 points Sep/21