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Inflation Monitor

Inflation Monitor describes, on a monthly basis, the composition of items in the food basket which the National Bureau of Statistics uses for the computation of inflation rate in Nigeria. The table indicates for each item, an attached weight and consumer price index as well as three indicative rates of inflation.

Composite Consumer Price Indices (Base: May 2003 = 100)

 

2009

  Weight Jan Jan
All Items 1000.00 193.60 193.60
Food 637.60 192.90 192.90
Food & Non-Alcoholic Beverage 644.10
Alcoholic Beverage, Tobacco & Kola 20.60
Clothing & Footwear 32.10 160.20 160.20
Housing, Water, Electricity, Gas & Other Fuel 181.00 223.70 223.70
Furnishing, Household Equipment & Maintenance 38.20 164.80 164.80
Health 13.60 164.10 164.10
Transport 42.40 174.90 174.90
Communication 1.10 230.90 230.90
Recreation & Culture 8.90 153.30 153.30
Education 2.10 214.10 214.10
Restaurant & Hotels 12.90 275.60 275.60
Miscellaneous Goods & Services 3.00 178.70 178.70
All Items Less Farm Produce 409.53
All Items Less Farm Produce & Energy 335.89
12 Month Moving Ave Inflation Rate  
Year-on (%)   14.00 14.00
Month-on (%)   1.00 1.00

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Facts : 1/1/1966
Central Bank of Nigeria, Enugu Branch:In the year 1966, The Central Bank of Nigeria Branch in Enugu was opened.It was the fourth Central Bank Branch that was established, bringing to 4, the number of Central Bank offices in Nigeria at that time.
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