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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)

 

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

See Inflation Rate Figures
See Frequently Asked Questions under this purview

Export to Excel Export Inflation Monitor to Excel
Facts : 12/12/2000
The West African Monetary Institute (WAMI):The West African Monetary Institute (WAMI) - http://www.wami-imao.org/ is saddled with the responsibility of facilitating the realization of the single monetary union of the WAMZ. The institute is located in Ghana.
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