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.