Consumer Price Index CPI in Nigeria increased to 322.20 points in May from 318.40 points in April of 2020.

Consumer Price Index CPI in Nigeria averaged 106.43 points from 1995 until 2020, reaching an all time high of 322.20 points in May 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 July of 2020. source: National Bureau of Statistics, Nigeria

Consumer Price Index CPI in Nigeria is expected to be 338.91 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 362.48 in 12 months time. In the long-term, the Nigeria Consumer Price Index (CPI) is projected to trend around 390.91 points in 2021 and 438.99 points in 2022, according to our econometric models.

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Nigeria Consumer Price Index (CPI)

Actual Previous Highest Lowest Dates Unit Frequency
322.20 318.40 322.20 14.36 1995 - 2020 points Monthly
2009M11=100, NSA

Nigeria Prices Last Previous Highest Lowest Unit
Inflation Rate 12.40 12.34 47.56 -2.49 percent [+]
Consumer Price Index CPI 322.20 318.40 322.20 14.36 points [+]
Core Consumer Prices 292.50 289.96 292.50 69.00 points [+]
Core Inflation Rate 10.12 9.98 19.28 0.49 percent [+]
Food Inflation 15.04 15.03 39.54 -17.50 percent [+]
Inflation Rate Mom 1.17 1.02 8.93 -3.50 percent [+]
GDP Deflator 202.67 204.43 206.73 0.60 points [+]
Cpi Housing Utilities 303.70 301.50 303.70 7.80 points [+]
CPI Transportation 291.30 288.30 291.30 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.