Consumer Price Index CPI in Nigeria increased to 339.50 points in September from 334.60 points in August of 2020. source: National Bureau of Statistics, Nigeria

Consumer Price Index CPI in Nigeria averaged 109.36 points from 1995 until 2020, reaching an all time high of 339.50 points in September of 2020 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 October of 2020.

Consumer Price Index CPI in Nigeria is expected to be 343.54 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 370.12 in 12 months time. In the long-term, the Nigeria Consumer Price Index (CPI) is projected to trend around 382.70 points in 2021 and 449.19 points in 2022, according to our econometric models.

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Nigeria Consumer Price Index (CPI)

Actual Previous Highest Lowest Dates Unit Frequency
339.50 334.60 339.50 14.36 1995 - 2020 points Monthly
2009M11=100, NSA

Nigeria Prices Last Previous Highest Lowest Unit
Inflation Rate 13.71 13.22 47.56 -2.49 percent [+]
Consumer Price Index CPI 339.50 334.60 339.50 14.36 points [+]
Core Consumer Prices 303.17 300.34 303.17 69.00 points [+]
Core Inflation Rate 10.60 10.50 19.28 0.49 percent [+]
Food Inflation 16.66 16.00 39.54 -17.50 percent [+]
Inflation Rate Mom 1.48 1.34 8.93 -3.50 percent [+]
GDP Deflator 214.01 212.92 214.01 0.60 points [+]
Cpi Housing Utilities 313.10 310.60 313.10 7.80 points [+]
CPI Transportation 304.30 300.80 304.30 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.