Nigeria - Consumer Price Index - CPI October 2023

CPI Nigeria October of 2023

October of 2023 CPI went up in Nigeria

The annual variation rate of the CPI in Nigeria in October of 2023 was 27.3%, 6 tenths higher than the month before.The monthly variation rate of the CPI (Consumer Price Index) has been 1.7%, and thus the accumulated inflation in 2023 is 23.5%

We must highlight the increase of 1.9% in the prices of Food and non-alcoholic beverages, until its interannual rate reached 31.3%, which is in contrast to the decrease in the prices of Communication of 0.3%, and an interannual variation of 6.3%.

In this page we show you the progression of the CPI in Nigeria. You can see the inflation in other countries in CPI and see all the information about Nigeria in Nigeria's economy

CPI (overall index) [+]

CPI Nigeria October 2023

	Interannual	Accum. since January	Monthly variation
CPI (overall index) [+]	27.3%	23.5%	1.7%
Food and non-alcoholic beverages [+]	31.3%		1.9%
Alcoholic beverages and tobacco [+]	16.5%		1.6%
Clothing and footwear [+]	16.4%		1.2%
Housing, water, electricity, gas and other fuels [+]	22.9%		1.7%
Furniture, household equipment and maintenance [+]	16.3%		1.2%
Health [+]	23.3%		1.7%
Transport [+]	27.0%		1.4%
Communication [+]	6.3%		0.3%
Recreation and culture [+]	8.4%		0.5%
Education [+]	21.1%		1.2%
Restaurants and hotels [+]	24.0%		1.5%
Miscellaneous goods and services [+]	22.0%		1.5%
< CPI 2023-09CPI 2023-11 >

Nigeria: CPI annual

	2022	2021
CPI (overall index) [+]	21.3%	15.6%
Food and non-alcoholic beverages [+]	23.7%	17.3%
Alcoholic beverages and tobacco [+]	18.1%	13.7%
Clothing and footwear [+]	17.6%	15.1%
Housing, water, electricity, gas and other fuels [+]	17.5%	11.1%
Furniture, household equipment and maintenance [+]	17.0%	14.5%
Health [+]	18.2%	14.9%
Transport [+]	20.2%	15.1%
Communication [+]	11.2%	10.5%
Recreation and culture [+]	15.7%	13.5%
Education [+]	18.4%	12.9%
Restaurants and hotels [+]	17.1%	13.1%
Miscellaneous goods and services [+]	18.6%	14.1%