Consumer Price Index CPI in Nigeria increased to 361.20 points in January from 355.90 points in December of 2020. source: National Bureau of Statistics, Nigeria

Consumer Price Index CPI in Nigeria averaged 112.47 points from 1995 until 2021, reaching an all time high of 361.20 points in January of 2021 and a record low of 14.36 points in January of 1995. This page provides - Nigeria Consumer Price Index (CPI) - actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Consumer Price Index (CPI) - values, historical data and charts - was last updated on February of 2021.

Consumer Price Index CPI in Nigeria is expected to be 361.85 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Price Index CPI in Nigeria to stand at 398.61 in 12 months time. In the long-term, the Nigeria Consumer Price Index (CPI) is projected to trend around 438.47 points in 2022 and 480.12 points in 2023, according to our econometric models.

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Nigeria Consumer Price Index (CPI)

Actual Previous Highest Lowest Dates Unit Frequency
361.20 355.90 361.20 14.36 1995 - 2021 points Monthly
2009M11=100, NSA

Nigeria Prices Last Previous Highest Lowest Unit
Inflation Rate 16.47 15.75 47.56 -2.49 percent [+]
Consumer Price Index CPI 361.20 355.90 361.20 14.36 points [+]
Core Consumer Prices 316.48 312.55 316.48 69.00 points [+]
Core Inflation Rate 11.85 11.40 19.28 0.49 percent [+]
Food Inflation 20.57 19.56 39.54 -17.50 percent [+]
Inflation Rate Mom 1.49 1.61 8.93 -3.50 percent [+]
GDP Deflator 219.30 214.01 219.30 0.60 points [+]
Cpi Housing Utilities 323.90 321.10 323.90 7.80 points [+]
CPI Transportation 319.40 315.50 319.40 68.50 points [+]


Nigeria Consumer Price Index (CPI)
In Nigeria, the Consumer Price Index or CPI measures changes in the prices paid by consumers for a basket of goods and services.