Nigeria Consumer Price Index (CPI)  Forecast 2016-2020

Consumer Price Index CPI in Nigeria is expected to be 226.00 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Price Index CPI in Nigeria to stand at 260.00 in 12 months time. In the long-term, the Nigeria Consumer Price Index (CPI) is projected to trend around 360.00 Index Points in 2020, according to our econometric models.

Nigeria Consumer Price Index (CPI)
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Forecast Actual Q1/17 Q2/17 Q3/17 Q4/17 2020 Unit
Consumer Price Index CPI 219 226 239 252 260 360 Index Points
Nigeria Consumer Price Index (CPI) Forecasts are projected using an autoregressive integrated moving average (ARIMA) model calibrated using our analysts expectations. We model the past behaviour of Nigeria Consumer Price Index (CPI) using vast amounts of historical data and we adjust the coefficients of the econometric model by taking into account our analysts assessments and future expectations. The forecast for - Nigeria Consumer Price Index (CPI) - was last predicted on Wednesday, March 29, 2017.
Nigeria Prices Last Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 17.78 17.5 16.3 16.1 15.7 11.2
Consumer Price Index CPI 219 226 239 252 260 360
Core Consumer Prices 212 224 237 249 258 357
Core Inflation Rate 16 20.2 19.5 19.7 18.9 8.2
Food Inflation 18.5 18.8 17.6 17.9 16.4 7.1
Inflation Rate Mom 1.01 2.1 1.7 1.5 1.4 0.7
GDP Deflator 160 147 152 140 146 164
Cpi Transportation 211 219 226 233 239 306