The Consumer Price Index in Nigeria increased 1.06 percent in June 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 December of 2021.

Inflation Rate Mom in Nigeria is expected to be 1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Nigeria Inflation Rate MoM is projected to trend around 1.00 percent in 2022 and 0.40 percent in 2023, according to our econometric models.

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Nigeria Inflation Rate MoM


Related Last Previous Unit Reference
Inflation Rate 15.99 16.63 percent Oct/21
Consumer Price Index CPI 399.90 396.00 points Oct/21
Core Inflation Rate 13.24 13.74 percent Oct/21
Core Consumer Prices 347.60 344.80 points Oct/21
Food Inflation 18.34 19.57 percent Oct/21
CPI Transportation 354.20 349.80 points Oct/21
CPI Housing Utilities 348.70 345.40 points Oct/21
Inflation Rate Mom 0.98 1.15 percent Oct/21
GDP Deflator 243.29 234.35 points Sep/21
Nigeria Inflation Rate MoM
Inflation Rate MoM measures month over month change in the price of goods and services.