Nigeria Annual Inflation Rates

Nigeria’s Consumer Price Index (CPI) which measures inflation, increased at an average of 11.40% in 2019. This is 0.7% points lower than the rate recorded in December 2018 (12.10%). Core inflation also dropped from 10.51% to 9.15% while food inflation dropped to 13.74% % from 14.35%. 

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Nigeria Annual Inflation Rates

Data Source: National Bureau of Statistics and Central Bank of Nigeria

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