Nigeria consumer price index cpi
Nigeria consumer price index cpi: 681.4 (3.12%)
Last Update: February 29, 2024
Last Update: February 29, 2024
Nigeria consumer price index cpi closed down 681.4 as of February 29, 2024 from 660.8 from the previous month and 517.4 from last year.
Nigeria consumer price index cpi Analytics & Data
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Nigeria consumer price index cpi
Date | Values |
---|---|
2024-02-29 | 681.4 |
2024-01-31 | 660.8 |
2023-12-31 | 643.8 |
2023-11-30 | 629.4 |
2023-10-31 | 616.5 |
2023-09-30 | 606 |
2023-08-31 | 593.6 |
2023-07-31 | 575.3 |
2023-06-30 | 559.1 |
2023-05-31 | 547.5 |
2023-04-30 | 537 |
2023-03-31 | 527 |
2023-02-28 | 517.4 |
2023-01-31 | 508.7 |
2022-12-31 | 499.4 |
2022-11-30 | 490.9 |
2022-10-31 | 484.2 |
2022-09-30 | 478.2 |
2022-08-31 | 471.8 |
2022-07-31 | 463.6 |
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Nigeria consumer price index cpi Statistics
Indicator | Symbol | Actual | Previous | M/M% | Y/Y% | Trend | Slope | Percentile | Update |
---|---|---|---|---|---|---|---|---|---|
consumer price index cpi | ng.cpi | 681.4 | 660.8 | 3 | 32 | UP | UP | 100 | 2024-02-29 |
Nigeria consumer price index cpi Factors
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What is the Nigeria consumer price index cpi
Consumer Price Index (CPI) is an important economic indicator used to measure changes in the average price level of goods and services commonly purchased by households. It reflects inflationary trends and helps monitor the purchasing power of consumers over time.The Nigeria Consumer Price Index (CPI) specifically measures the average price changes of a basket of goods and services in Nigeria. It provides insights into the country's inflationary trends and the impact on its economy and consumers.
On our webpage, you will find real-time and historical data, trends, analytics, and charts for the Nigeria CPI. These comprehensive visuals will allow you to track and analyze the changes in Nigeria's CPI over a specific time period. The data is presented in a user-friendly format, making it easy to interpret and draw meaningful conclusions.
Interpreting the CPI data is relatively straightforward. If the CPI shows an increase over a certain period, it indicates that the average prices of goods and services have increased, reflecting inflation. Conversely, a decrease in the CPI suggests deflation or a decrease in average prices. By monitoring the CPI, policymakers, businesses, and individuals can assess the impact of inflation on their financial planning, investment decisions, and overall economic well-being.
Furthermore, our website allows users to export the historical CPI data for free, enabling further analysis and integration into their own models or systems. This feature promotes data-driven decision-making and empowers researchers, economists, and businesses to conduct in-depth studies and develop strategies based on reliable and accurate information.
In addition to CPI data, our platform also offers MacroVar signals, trends, and analysis. These value-added features provide users with advanced insights and predictions about future economic conditions, allowing them to stay ahead of market trends and make informed decisions.
Overall, our webpage offers a comprehensive and convenient solution for users seeking up-to-date CPI data, historical trends, and valuable analysis tools. By leveraging this information, users can gain a better understanding of the Nigerian economy, make informed decisions, and navigate the dynamic landscape of inflation and its impact on consumer prices.
Nigeria Financial Markets
Market | Symbol | Last | Mom | Trend | Exh | RSI | 1D% | 1W% | 1M% | 1Y% |
---|---|---|---|---|---|---|---|---|---|---|
NSE All Share | ALLSHARE | 71230.5 | 1 | 1 | 1.60129 | 74.6549 | 0.0025 | 0.00165 | 0.06098 | 0.61846 |
Nigeria ETF | NGE | 7.75 | -0.5 | -1 | -1.59522 | 38.6064 | 0.0144 | 0.02513 | -0.07468 | 0.053 |
Nigerian Naira US Dollar (NGN/USD) | NGNUSD | 788.33 | 0 | 1 | 1.11221 | 50.9669 | 0.00169 | -0.00211 | 0.02176 | 0.78683 |
Nigeria 10-year bond yield | NG.10Y | 15.433 | 1 | 1 | 2.13446 | 67.3937 | 0.00823 | 0.03251 | 0.04944 | 0.07525 |
Nigeria 2-Year Bond Yield | NG.2Y | 15.147 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Nigeria Yield Curve | NG.YC | 0.784 | -1 | -1 | -3.5335 | 29.4427 | -0.73442 | -0.69706 | -0.59017 | -0.72179 |
Indicator | Symbol | Actual | Previous | M/M% | Y/Y% | Trend | Slope | Percentile | Update |
---|---|---|---|---|---|---|---|---|---|
balance of trade | ng.balanceoftrade | 1741090 | -653831 | -366 | -2746 | UP | UP | 3 | 2023-07-31 |
business confidence | ng.bizconfidence | -15.2 | -1.5 | 913 | -152 | Down | Down | 32 | 2020-12-01 |
capacity utilization | ng.caputilization | 54.9 | 56.4 | -3 | 37 | UP | UP | 0 | 2023-06-30 |
cash reserve ratio | ng.cashreserveratio | 45 | 45 | 0 | 38 | UP | UP | 99 | 2024-02-29 |
composite pmi | ng.comppmi | 51 | 54.5 | -6 | 14 | UP | UP | 95 | 2024-02-29 |
consumer confidence | ng.consconfidence | -14.8 | -21.2 | -30 | -1580 | Down | Down | 0 | 2020-12-31 |
consumer price index cpi | ng.cpi | 681.4 | 660.8 | 3 | 32 | UP | UP | 100 | 2024-02-29 |
core inflation rate | ng.coreinflationrate | 24.7 | 23.44 | 5 | 29 | UP | UP | 77 | 2024-01-31 |
current account | ng.currentaccount | 3280 | 2870 | 14 | -200 | UP | UP | 23 | 2023-06-30 |
current account to gdp | ng.currentaccountgdp | -0.3 | -0.5 | -40 | -110 | Down | Down | 0 | 2023-01-31 |
deposit interest rate | ng.depositrate | 7.68 | 7.95 | -3 | 69 | UP | UP | 86 | 2023-06-30 |
exports | ng.exports | 3026630 | 1878040 | 61 | 44 | UP | UP | 72 | 2023-02-28 |
external debt | ng.externaldebt | 41594.5 | 43159.2 | -4 | 30 | UP | UP | 0 | 2023-09-30 |
fiscal expenditure | ng.fiscalexp | 4040.18 | 4175.35 | -3 | 90 | UP | UP | 0 | 2023-09-30 |
foreign exchange reserves | ng.fxreserves | 33520 | 33370 | 0 | -9 | Down | Down | 43 | 2024-02-29 |
gdp | ng.gdp | 472.62 | 440.84 | 7 | 17 | UP | UP | 0 | 2023-01-31 |
Real GDP | ng.realgdp | 21773300 | 19442300 | 12 | 11 | UP | UP | 53 | 2023-12-31 |
gdp growth | ng.gdpgrowth | 12 | 9.7 | 24 | -1600 | UP | UP | 0 | 2023-12-31 |
gdp growth annual | ng.gdpgrowthan | 2.51 | 2.31 | 9 | -169 | Down | UP | 13 | 2023-09-30 |
gold reserves | ng.goldres | 21.37 | 21.46 | 0 | 0 | Down | Down | 51 | 2021-06-30 |
government budget | ng.govbudget | -6.1 | -5 | 22 | 336 | Down | Down | 0 | 2024-01-31 |
Government budget | ng.govbudgetvalue | -2347.16 | -2665.26 | -12 | 88 | Down | Down | 0 | 2023-09-30 |
government debt to gdp | ng.govdebtgdp | 38.8 | 38 | 2 | 123 | UP | UP | 0 | 2023-01-31 |
government revenues | ng.govrev | 1693.02 | 1510.09 | 12 | 70 | UP | UP | 0 | 2023-09-30 |
imports | ng.imports | 1285540 | 2531870 | -49 | -37 | Down | Down | 3 | 2023-02-28 |
industrial production | ng.indproduction | -9.7 | 15.2 | -164 | 31 | Down | Down | 0 | 2023-06-30 |
interest rate | ng.interestrate | 18.75 | 18.5 | 1 | 34 | UP | UP | 85 | 2023-07-25 |
lending rate | ng.lendingrate | 13.85 | 14.07 | -2 | 14 | UP | UP | 91 | 2023-06-30 |
manufacturing pmi | ng.manpmi | 42.8 | 49.4 | -13 | -16 | Down | Down | 18 | 2023-06-30 |
money supply m0 | ng.msm0 | 3693570 | 3650500 | 1 | 276 | UP | UP | 100 | 2024-02-29 |
money supply m1 | ng.msm1 | 30277200 | 31158900 | -3 | 44 | UP | UP | 90 | 2024-02-29 |
money supply m2 | ng.msm2 | 93968500 | 92843000 | 1 | 78 | UP | UP | 98 | 2024-02-29 |
services pmi | ng.servpmi | 51.1 | 52.7 | -3 | 3 | UP | UP | 60 | 2023-06-30 |
unemployment rate | ng.unemploymentrate | 5 | 4.2 | 19 | -64 | Down | Down | 0 | 2021-06-30 |
youth unemployment rate | ng.ytunemploymentrate | 8.6 | 7.2 | 19 | -66 | Down | Down | 0 | 2021-09-30 |