Nigeria's inflation rate has been decelerating over the past years as a result of rise in oil prices and intervention of the cbn in foreign exchange. Downloadable in this study, we propose a supply-side augmented phillips curve for the nigerian economy, which significantly enhances its inflation forecasts. Cpi and inflation report july 2018 exchange federal ministry of finance central bank of nigeria nigerian national petroleum corporation world bank.
The data set inflation rate for nigeria contains data from the year 1960 until 2016. Annual inflation in nigeriastood at 1334 percent in march, its lowest level in two yearsand its 14th straight drop in as many months, the. Nigeria's inflation rate as measured by the consumer price index (cpi) has further dropped from 1513 in january to 1433 percent in february.
Updated data, charts and expert forecasts on nigeria inflation get access to historical data and projections for nigerian average consumer price inflation ( cpi. Nigeria's inflation surged to an 11-year high consumer prices rose by 183% year-over-year in october, according to data from the central.
Annual inflation in nigeria slowed to 1161 percent in may, its lowest level in more than two years and its 16th straight monthly drop, the. This statistic shows the average inflation rate in nigeria from 2012 to 2017, with projections up until 2022 in 2017, the average inflation rate in nigeria amounted . Core consumer prices in nigeria increased 1020 percent in july of 2018 over the same month in the previous year core inflation rate in nigeria averaged. Eleven most common distributions in finance are fitted to the monthly log-returns of the average world prices of nigeria's major agricultural export commodities.
2 days ago nigerian inflation declined for the 18th consecutive time 1123 per cent in june to 1114 per cent in july, 128 per cent points below federal. The national bureau of statistics (nbs) says the consumer price index (cpi), which measures inflation for may, decreased to 1161 per cent. Nigeria: inflation falls to lowest level since february 2016 in may june 18, 2018 consumer prices rose 109% on a month-on-month basis in may, above from.
2 days ago nigeria's inflation fell from 1123 to 1114% for the month of july, statistics released by the national bureau of statistics (nbs) on wednesday. 2 days ago nigeria's annual inflation rate eased further to 1114 percent in july 2018 from 1123 percent in the previous month, and matched market. However, the expected drop in the inflation rate may lead to a further decline in the yields on the nigerian treasury bills (ntbs), that is,.