International records / OpenAlex research

Consumer Price Index and Inflation in Nigeria: A Trend Analysis

This study examines the movement of the Consumer Price Index (CPI) and inflation dynamics in Nigeria over the decade spanning 2016 to 2026. Drawing on data from the National Bureau of Statistics (NBS), the Central Bank of Nigeria (CBN), the World Bank, and the International Monetary Fund (IMF), the study adopts a descriptive time-series design and analyses Headline CPI, Headline Inflation, Food Inflation, Core Inflation, Urban Inflation, and Rural Inflation to identify long-run direction, structural patterns, cyclical fluctuations, persistence, turning points, inter-series associations and mac…