Nigeria Inflation Rate:
Inflation Rate on a year on year basis 16.48% in June 2016 as compared to 15.57% in the previous month.Inflation Rate increases 0.91% than the previous month.
Nigeria Consumer Price Index:
CPI 201.70 Points in June 2016 and last year 173.17 Points in June 2015. CPI increases 28.53 Point in June 2016 year on year basis. Read more...
Inflation Rate Monthly Basis:
Inflation Rate 1.71% in June 2016 month on month basis and previous month 2.75% Inflation rate.
CPI 201.70 points in June 2016 and previous month 198.30 points.
Nigeria Inflation Basket Divided into Twelve Groups:
Base=November 2009=100 Weight
1-Food and non Alcoholic Beverages 51.800%
2-Alcoholic Beverages, Tobacco and Kola 1.087%
3-Clothing and footwear 7.650%
4-Housing, Water, Electricity, Gas 16.730%
5-Furnishing, Household Equipment 5.026%
6-Health 3.000%
7-Transport 6.510%
8-Communication 0.680%
9-Recreation and culture 0.691%
10-Education 3.944%
11-Restaurants and Hotels 1.210%
12-Miscellancous Goods and Services 1.660%
Inflation Rate Published by the Bureau of Statistics by the Republic of Nigeria.
Nigeria Inflation Rate Next Release Date:
Next Release Date, 31 August 2016.
Nigeria Inflation Rate Forecast:
2016 2017 Annual
10.40% 12.40% ( source International Monetary Fund ) IMF
Monthly and Annually Inflation Rate Nigeria From 2005 to 2016
Inflation Rate on a year on year basis 16.48% in June 2016 as compared to 15.57% in the previous month.Inflation Rate increases 0.91% than the previous month.
Nigeria Consumer Price Index:
CPI 201.70 Points in June 2016 and last year 173.17 Points in June 2015. CPI increases 28.53 Point in June 2016 year on year basis. Read more...
Inflation Rate Monthly Basis:
Inflation Rate 1.71% in June 2016 month on month basis and previous month 2.75% Inflation rate.
CPI 201.70 points in June 2016 and previous month 198.30 points.
Nigeria Inflation Basket Divided into Twelve Groups:
Base=November 2009=100 Weight
1-Food and non Alcoholic Beverages 51.800%
2-Alcoholic Beverages, Tobacco and Kola 1.087%
3-Clothing and footwear 7.650%
4-Housing, Water, Electricity, Gas 16.730%
5-Furnishing, Household Equipment 5.026%
6-Health 3.000%
7-Transport 6.510%
8-Communication 0.680%
9-Recreation and culture 0.691%
10-Education 3.944%
11-Restaurants and Hotels 1.210%
12-Miscellancous Goods and Services 1.660%
Inflation Rate Published by the Bureau of Statistics by the Republic of Nigeria.
Nigeria Inflation Rate Next Release Date:
Next Release Date, 31 August 2016.
Nigeria Inflation Rate Forecast:
2016 2017 Annual
10.40% 12.40% ( source International Monetary Fund ) IMF
Monthly and Annually Inflation Rate Nigeria From 2005 to 2016
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sept | Oct | Nov | Dec | Annual Average Rate |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2016 | 9.62% | 11.38% | 12.78% | 13.71% | 15.57% | 16.48% | - | - | - | - | - | - | - |
| 2015 | 8.15% | 8.38% | 8.50% | 8.64% | 9.02% | 9.21% | 9.22% | 9.34% | 9.39% | 9.30% | 9.37% | 9.55% | 9.00% |
| 2014 | 8.04% | 7.69% | 7.78% | 7.87% | 7.96% | 8.19% | 8.34% | 8.52% | 8.33% | 8.07% | 7.94% | 7.95% | 8.06% |
| 2013 | 9.00% | 9.50% | 8.60% | 9.10% | 9.00% | 8.40% | 8.70% | 8.20% | 8.00% | 7.80% | 7.93% | 7.94% | 8.50% |
| 2012 | 12.60% | 11.90% | 12.10% | 12.90% | 12.70% | 12.90% | 12.80% | 11.70% | 11.30% | 11.70% | 12.30% | 12.00% | 12.20% |
| 2011 | 12.10% | 11.10% | 12.80% | 11.30% | 12.40% | 10.20% | 9.40% | 9.30% | 10.30% | 10.50% | 10.50% | 10.30% | 10.80% |
| 2010 | 14.40% | 15.60% | 14.80% | 15.00% | 12.90% | 14.10% | 13.00% | 13.70% | 13.60% | 13.40% | 12.80% | 11.80% | 13.70% |
| 2009 | 14.00% | 14.60% | 14.40% | 13.30% | 13.20% | 11.20% | 11.10% | 11.00% | 10.40% | 11.60% | 12.40% | 13.90% | 12.60% |
| 2008 | 8.60% | 8.00% | 7.80% | 8.20% | 9.70% | 12.00% | 14.00% | 12.40% | 13.00% | 14.70% | 14.80% | 15.10% | 11.50% |
| 2007 | 8.00% | 7.10% | 5.20% | 4.20% | 4.60% | 6.40% | 4.80% | 4.20% | 4.10% | 4.60% | 5.20% | 6.60% | 5.40% |
| 2006 | 10.70% | 10.80% | 12.00% | 12.60% | 10.50% | 8.50% | 3.00% | 3.70% | 6.30% | 6.10% | 7.80% | 8.50% | 8.40% |
| 2005 | 9.80% | 10.90% | 16.30% | 17.90% | 16.80% | 18.60% | 26.10% | 28.20% | 24.30% | 18.60% | 15.10% | 11.50% | 17.85% |
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