Tag
INFLATION
Nigeria's historical consumer price index which shows our inflation rate from 2003 till date. The data is updated monthly.
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Amid tepid growth, rising inflation and unemployment, the economy sits in a precarious position that requires urgent and strategic efforts.
The LCCI has urged the FG to intensify efforts toward addressing issues of insecurity, foreign exchange hurdles, and rising inflation.
Nigeria’s inflation rate rose to 16.47% (year-on-year) in January 2021 as against 15.75% recorded in December 2020.
Major food items such as; tomatoes, onions, pepper, potatoes, local and foreign-made rice recorded a decline in their prices.
Nigeria's annual inflation rate soared for a 16th straight month to 15.75 percent in December of 2020.
Nigeria is facing a more fundamental supply shock, which alongside the rising transport costs is likely to drive higher food prices.
This is 0.86% points higher than the rate of 14.89% recorded in November 2020.
This report contains information on items that witnessed price increase, price decrease, as well as information on special markets and insights.
On a m/m basis, the headline inflation index increased by 1.60% in November, 0.06ppt higher than October’s 1.54%.