About Nigeria Consumer Price Index
In Nigeria, the Consumer Price Index or CPI measures changes in the prices paid by consumers for a basket of goods and services.
Related indicators
Frequently Asked Questions
The Consumer Price Index (CPI) gauges the general fluctuation in consumer prices by tracking a diverse selection of goods and services over time. Widely embraced as the primary indicator of inflation, it is closely monitored by policymakers, businesses, and other market participants.
Core CPI captures the variations in the prices of goods and services, but unlike CPI, it excludes those originating from the food and energy sectors. Core CPI helps to determine the influence of increasing prices on consumer income.
The highest Nigeria Consumer Price Index ever is 701.90 POINT.
The lowest Nigeria Consumer Price Index ever is 14.36 POINT.
Last month Nigeria Consumer Price Index was 701.90 POINT, and the month before that it reached 681.40 POINT.