Home | About Us | FAQs | RSS | Contact Us | Sitemap | Careers | Educational | Freedom of Information    

Inflation Rates (Percent)



Month October November December
All Items (Year on Change) 11.70 12.30 12.00
All Items (12 Months Avg. Change) 11.90 12.10 12.20
Food (Year on Change)/1 11.10 11.60 10.20
Food (12 Months Avg. Change)/1 11.20 11.40 11.30
All Items Less Farm Produce (Year on Change)/2 12.40 13.10 13.70
All Items Less Farm Produce (12 Months Avg. Change)/2 13.50 13.60 13.90
All Items Less Farm Produce and Energy (Year on Change)/3 11.40 12.30 12.90
All Items Less Farm Produce and Energy (12 Months Avg. Change)/3 12.90 13.00 13.30
New base period for Consumer Price Indices is November 2009
Year on change in per cent is year-on-year or annualized inflation rate
Computation of the 12-month average change is based on 12-month moving average
/1 Food inflation rate is also called the non-core inflation
/2 All items less farm produce is otherwise known as core inflation
/3 All items less farm produce and energy is another type of core inflation
Click the small arrows to move the data one or three months forwards or backwards within the year in display. go back three months     go back one month  

go forward one month     go forward three months

Choose year to display. 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003
Export to Excel Export InflationRates Statistics
Facts : 1/1/1990
Guidlines for Licensed Banks:In 1990, the CBN introduced a set of Prudential guidelines for licensed banks which were complimentary to the capital adequacy requirement and statement of accounting standards. The guidelines spelt out the criteria to be adopted by banks in classifying non-performing loans.
See All: Facts | Events

Related Links
Money and Credit Statistics
Monthly Average Exchange Rates
Money Market Indicators
Balance of Payments Statistics
Crude Oil Price