Nigeria's annual core inflation, which excludes price of volatile agricultural products, stood at 9.4 percent in February of 2020, its highest level since March of 2019.

Core Inflation Rate in Nigeria averaged 10.22 percent from 2007 until 2020, reaching an all time high of 19.28 percent in January of 2007 and a record low of 0.49 percent in March of 2008. This page provides the latest reported value for - Nigeria Core Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Nigeria Core Inflation Rate - values, historical data and charts - was last updated on April of 2020. source: National Bureau of Statistics, Nigeria

Core Inflation Rate in Nigeria is expected to be 8.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Core Inflation Rate in Nigeria to stand at 8.40 in 12 months time. In the long-term, the Nigeria Core Inflation Rate is projected to trend around 7.50 percent in 2021, according to our econometric models.

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Nigeria Core Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
9.40 9.40 19.28 0.49 2007 - 2020 percent Monthly
2009=100

Nigeria Prices Last Previous Highest Lowest Unit
Inflation Rate 12.20 12.13 47.56 -2.49 percent [+]
Consumer Price Index CPI 312.60 310.20 312.60 14.36 points [+]
Core Consumer Prices 285.01 282.94 285.01 69.00 points [+]
Core Inflation Rate 9.40 9.40 19.28 0.49 percent [+]
Food Inflation 14.90 14.85 39.54 -17.50 percent [+]
Inflation Rate Mom 0.79 0.87 8.93 -3.50 percent [+]
GDP Deflator 202.67 204.43 206.73 0.60 points [+]
Cpi Housing Utilities 297.70 296.10 297.70 7.80 points [+]
CPI Transportation 283.40 281.30 283.40 68.50 points [+]