About Nigeria Inflation Rate YoY
In Nigeria, the Consumer Price Index (CPI) measures the change over time in prices of 740 goods and services consumed by people for day-to-day living. The index weights are based on expenditures of both urban and rural households in the 36 states. The most important categories in the CPI are: Food & Non-alcoholic Beverages (52% of the total weight), Housing, Water, Electricity, Gas & Other Fuel (17%), Clothing & Footwear (8%). Transports account for 7% and Furnishings & Household Equipment Maintenance for 5%. Others include: Education (4%); Health (3%); Miscellaneous Goods and Services (2%); Restaurants and Hotels (1%); Alcoholic Beverages, Tobacco & Kola (1%); Recreation & Culture (1%); and Communications (1%).
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Frequently Asked Questions
The highest figure Nigeria Inflation Rate YoY has ever reached is 47.56%.
The lowest ever Nigeria Inflation Rate YoY is −2.49%.
Last month Nigeria Inflation Rate YoY was 33.20%, and the month before that it amounted to 31.70%.