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Data & Statistics | All CBN Publications

Inflation Rates (Per cent)
Month October November December
All Items (Year on Change) 6.10 7.80 8.50
All Items (12 Months Avg. Change) 9.00 8.50 8.20
Food (Year on Change)/1 4.70 5.40 3.90
Food (12 Months Avg. Change)/1 7.50 6.40 5.60
All Items Less Farm Produce (Year on Change)/2 9.00 12.10 17.30
All Items Less Farm Produce (12 Months Avg. Change)/2 11.10 11.60 12.80
All Items Less Farm Produce and Energy (Year on Change)/3 13.10 18.30 22.60
All Items Less Farm Produce and Energy (12 Months Avg. Change)/3 11.90 12.80 13.90
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
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Choose year to display. 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003
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Facts : 1/1/1900
BOFIA:In 1991, the Bank s and Other Financial Institutions Act (BOFIA) formerly BOFI was promulgated to replace the CBN Act of 1958 and the Banking Decree of 1969 (including later amendments). The policy brought the non-bank financial intermediaries under the supervision of Central Bank of Nigeria.
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