Consumer prices in Nigeria increased by 1.24% over a month in October of 2022, the least since November last year and easing from a 1.36% rise in September. source: National Bureau of Statistics, Nigeria

Inflation Rate MoM in Nigeria averaged 1.07 percent from 1995 until 2022, 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 - data, historical chart, forecasts and calendar of releases - was last updated on December of 2022.

Inflation Rate MoM in Nigeria is expected to be 1.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Nigeria Inflation Rate MoM is projected to trend around 1.20 percent in 2023 and 1.10 percent in 2024, according to our econometric models.

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Nigeria Inflation Rate MoM

Calendar GMT Actual Previous Consensus TEForecast
2021-12-15 01:10 PM Nov 1.08% 0.98% 1%

Related Last Previous Unit Reference
Inflation Rate 21.09 20.77 percent Oct 2022
Consumer Price Index CPI 484.20 478.20 points Oct 2022
Core Consumer Prices 409.30 405.50 points Oct 2022
Core Inflation Rate 17.80 17.60 percent Oct 2022
Food Inflation 23.72 23.34 percent Oct 2022
Inflation Rate MoM 1.24 1.36 percent Oct 2022
CPI Transportation 421.50 415.40 points Oct 2022
CPI Housing Utilities 407.40 402.20 points Oct 2022
GDP Deflator 275.61 260.35 points Sep 2022

Nigeria Inflation Rate MoM
Inflation Rate MoM measures month over month change in the price of goods and services.
Actual Previous Highest Lowest Dates Unit Frequency
1.24 1.36 8.93 -3.50 1995 - 2022 percent Monthly