Data & Statistics
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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) |
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| 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 (%) | ||||
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| Facts : 1/1/1965 |
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| Central Bank of Nigeria, Ibadan Branch:In the year 1965, The Central Bank of Nigeria,Ibadan Branch was opened for business.It was the third Central Bank office that was established and it brought to 4, the number of Central Bank offices in Nigeria at that time. |
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