The Consumer Price Index in Nigeria increased 1.17 percent in May of 2020 over the previous month.
Inflation Rate Mom in Nigeria averaged 1.04 percent from 1995 until 2020, reaching an all time high of 8.93 percent in April of 1995 and a record low of -3.50 percent in August of 1999. This page provides - Nigeria Inflation Rate MoM- actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Inflation Rate MoM - values, historical data and charts - was last updated on July of 2020. source: National Bureau of Statistics, Nigeria
Inflation Rate Mom in Nigeria is expected to be 1.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate Mom in Nigeria to stand at 1.30 in 12 months time. In the long-term, the Nigeria Inflation Rate MoM is projected to trend around 1.30 percent in 2021 and 1.20 percent in 2022, according to our econometric models.