Inflation in Nigeria
Nigeria - Inflation (end of period)
Inflation climbs to seven-month high in December
Consumer prices rose 0.74% on a month-on-month basis in December, slightly below November’s 0.80% increase. The moderation was largely driven by a softer increase in food prices.
Inflation ticked up from 11.3% in November to 11.4% in December, a seven-month high. As a result, it moved further above the Central Bank’s target range of 6.0%–9.0%.
Meanwhile, core consumer prices, which exclude volatile agricultural produce, rose 0.50% month-on-month in December, below November’s 0.68% increase. Core inflation was unchanged at 9.8% in December.
Nigeria Inflation Forecast
FocusEconomics Consensus Forecast panelists expect inflation to average 11.4% in 2019, which is unchanged from last month’s forecast. In 2020, inflation is seen averaging 11.3%.
Nigeria - Inflation (eop) Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Inflation Rate (CPI, annual variation in %, eop) | 8.0 | 8.0 | 9.6 | 18.6 | 15.4 |
Nigeria Inflation (eop) Chart
Source: National Bureau of Statistics
Nigeria Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 15.09 | 0.0 % | Jan 16 |
| Exchange Rate | 307.4 | 3.08 % | Jan 16 |
| Stock Market | 1.4 | 0.0 % | Jan 11 |
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Nigeria: Inflation climbs to seven-month high in December
January 16, 2019
Consumer prices rose 0.74% on a month-on-month basis in December, slightly below November’s 0.80% increase.
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January 4, 2019
In December, the Stanbic IBTC Bank Nigeria Purchasing Managers’ Index (PMI) came in at 55.0, slightly below November’s 55.5.
Nigeria: Inflation stable in November
December 17, 2018
Consumer prices rose 0.80% on a month-on-month basis in November, slightly above October’s 0.74% increase.
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December 10, 2018
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