Inflation in Nigeria

Nigeria Inflation | Economic News & Forecasts

Nigeria - Inflation

Inflation edges up for the first time in 19 months but stays near the two-and-a-half year low in August

Consumer prices rose 1.05% on a month-on-month basis in August, slightly below July’s 1.13%. The result marked the second consecutive month of easing price pressures and the lowest print since April.

Inflation came in at 11.2% in August, edging up from July’s 11.1%—the first uptick in the headline rate since January 2017. As a result, inflation remained well above the Central Bank’s target range of 6.0%–9.0%.

Meanwhile, core consumer prices, which exclude volatile agricultural produce, rose 0.78% month-on-month in August, below July’s 0.81% increase. Furthermore, core inflation fell to 11.0% in August (July: 11.2%).


Nigeria Inflation Forecast


Met the why particular Consensus Forecast panelists expect inflation to average 12.0% in 2018. In 2019, inflation is seen averaging 11.1%.

Nigeria - Inflation Data

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %)8.5  8.1  9.0  15.7  16.5  

Sample Report

5 years of economic forecasts for more than 30 economic indicators.

Download

Nigeria Inflation Chart


Nigeria Inflation
Note: Inflation, annual average variation of consumer price index (CPI) in %.
Source: National Bureau of Statistics

Nigeria Facts

ValueChangeDate
Bond Yield14.920.0 %Oct 16
Exchange Rate306.03.08 %Oct 16
Stock Market0.10.0 %Oct 16

Sample Report

Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.

Download

Start Your Free Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Economic News

Search form