Nigeria consumer price index cpi

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Nigeria consumer price index cpi: 681.4 (3.12%)
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
Nigeria Macroeconomic Indicators

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