Inflation rate forecast in Nigeria 2019-2028

The average inflation rate in the Nigeria was forecast to continuously decrease between 2023 and 2028 by in total 6.1 percentage points. The average inflation rate is estimated to amount to 14 percent in 2028.Following the definitions provided by the International Monetary Fund, this indicator measures inflation based upon the year on year change in the average consumer price index. The latter expresses a country's average level of prices based on a typical basket of consumer goods and services. Depicted here is the year-on-year change in said index measure, expressed in percent.Find more key insights for the average inflation rate in countries like Senegal, Mali and Cote D'Ivoire. Urban versus rural inflation disparity Comparing rural to urban areas in Nigeria showed that inflation was slightly worse in urban areas, with a difference of close to one percent in 2022. Other economic indicators reveal that inflation had a severe impact on the prices of consumer goods. Moreover, the Consumer Index Price of food in Nigeria in 2022 was 590.2. The food products with the highest percentage change in price was beans with 40 percent and over, depending on the color. That was followed by beef articles with 34 to close to 37 percent, depending on the part. Fuel price surges: a closer look at diesel price fluctuations in Nigeria Another area that saw a dramatic spike in prices was fuel prices. In February 2023, there was a 0.98 percent rise in the cost of diesel in Nigeria when compared to January 2023. The most substantial surge occurred in March 2022. During that month, the average price of diesel surged by nearly 73 percent in contrast to the preceding month. This sharp escalation was attributed to a worldwide deficit in fuel supply and difficulties in the supply chain, which was prompted by the conflict in Ukraine and regulations implemented to control the transmission of COVID-19. Furthermore, consumers in Nigeria faced an average diesel price of 836.91 Nigerian naira (NGN), approximately 1.82 U.S. dollars, per liter. The North-Central States of Nigeria displayed the most elevated prices, with consumers in this region paying an average of 850.65 NGN per liter, roughly 1.85 U.S. dollars. During this specific timeframe, Osun emerged as the State with the highest price across Nigeria, as diesel prices reached a pinnacle of 707 NGN (equivalent to 1.7 U.S. dollars).

在尼日利亚，预计2023年至2028年间平均通货膨胀率将持续下降，累计降幅将达到6.1个百分点。预计到2028年，平均通货膨胀率将达到14%。依据国际货币基金组织提供的定义，此指标通过计算年度平均消费者价格指数的年同比变化来衡量通货膨胀。该指数反映了基于典型消费商品和服务篮子的国家平均价格水平。在此展示的是该指数指标的年同比变化，以百分比表示。欲了解更多关于塞内加尔、马里和科特迪瓦等国家平均通货膨胀率的关键见解。城乡通货膨胀差异对比：在尼日利亚，农村与城市地区的通货膨胀状况显示，城市地区的通货膨胀状况略为严峻，2022年的差异接近1个百分点。其他经济指标表明，通货膨胀对消费品价格产生了严重影响。此外，2022年尼日利亚的食品消费者指数价格为590.2。价格变动最大的食品是豆类，其价格变动超过40%，具体取决于豆子的颜色。其次是牛肉制品，价格变动在34%至37%之间，具体取决于牛肉部位。燃油价格激增：对尼日利亚柴油价格波动的深入分析。在价格大幅攀升的另一个领域是燃油价格。与2023年1月相比，2023年2月尼日利亚柴油成本上涨了0.98%。最显著的上涨发生在2022年3月，当月柴油平均价格较上个月上涨了近73%。这种急剧的上涨归因于全球燃料供应短缺和供应链困难，这些困难是由乌克兰冲突和为控制COVID-19传播而实施的法规所引发的。此外，尼日利亚消费者平均柴油价格为每升836.91尼日利亚奈拉（NGN），约合1.82美元。尼日利亚中北部各州的价格最高，该地区的消费者平均支付每升850.65 NGN，大约1.85美元。在特定时间段内，奥逊州成为尼日利亚柴油价格最高的州，柴油价格达到了707 NGN的高点（相当于1.7美元）。