Inflation in Nigeria
Nigeria - Inflation
Inflation climbs to seven-month high in December
Consumer prices rose 0.74% on a month-on-month basis in December, slightly below November’s 0.80% increase. The moderation was largely driven by a softer increase in food prices.
Inflation ticked up from 11.3% in November to 11.4% in December, a seven-month high. As a result, it moved further above the Central Bank’s target range of 6.0%–9.0%.
Meanwhile, core consumer prices, which exclude volatile agricultural produce, rose 0.50% month-on-month in December, below November’s 0.68% increase. Core inflation was unchanged at 9.8% in December.
Nigeria Inflation Forecast
Met the why particular Consensus Forecast panelists expect inflation to average 11.4% in 2019, which is unchanged from last month’s forecast. In 2020, inflation is seen averaging 11.3%.
Nigeria - Inflation Data
|Inflation Rate (CPI, annual variation in %)||8.5||8.1||9.0||15.7||16.5|
5 years of economic forecasts for more than 30 economic indicators.
Nigeria Inflation Chart
Source: National Bureau of Statistics
|Bond Yield||15.26||0.0 %||Jan 21|
|Exchange Rate||307.4||3.08 %||Jan 21|
|Stock Market||1.3||0.0 %||Jan 21|
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January 22, 2019
On 16 February, Nigerians will head to the polls to elect their next president and representatives in the National Assembly.
January 16, 2019
Consumer prices rose 0.74% on a month-on-month basis in December, slightly below November’s 0.80% increase.
January 4, 2019
In December, the Stanbic IBTC Bank Nigeria Purchasing Managers’ Index (PMI) came in at 55.0, slightly below November’s 55.5.
December 17, 2018
Consumer prices rose 0.80% on a month-on-month basis in November, slightly above October’s 0.74% increase.
December 11, 2018
Nigeria’s recovery regained some lost momentum in the third quarter, after growth fell to a one-year low in the second quarter.