Consumer Price Index CPI in Nigeria increased to 286.60 Index Points in May from 283.50 Index Points in April of 2019. Consumer Price Index CPI in Nigeria averaged 98.27 Index Points from 1995 until 2019, reaching an all time high of 286.60 Index Points in May of 2019 and a record low of 14.36 Index Points in January of 1995.
Consumer Price Index CPI in Nigeria is expected to be 290.98 Index 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 314.50 in 12 months time. In the long-term, the Nigeria Consumer Price Index (CPI) is projected to trend around 382.70 Index Points in 2020, according to our econometric models.