Nigeria Price Index
The first monthly index is being prepared. It is published once enough different people have reported prices in enough states for the number to be honest. Until then, the live Price Board shows what things cost today.
Questions about the index
What is the Nigeria Price Index?
It is a monthly number from Cordelia that shows how everyday prices (food, fuel, transport, data, rent and services) moved across Nigeria and in each state. It is built from shelf prices that several different people reported, and the first month with enough data is set to 100.
How is the Cordelia Price Index calculated?
For each product in each state we take the typical (median) price for the month and compare it with the month before. The index is the average of those changes (a geometric mean), chained month to month. A price counts only if at least 2 different contributors reported it.
Is this the official inflation rate for Nigeria?
No. It is a record of what contributors saw on shelves, it is not seasonally adjusted, and it is not the official consumer price index. Use it as a fast, local signal alongside official figures.
Can I download or quote the data?
Yes. It is free to read and to download as a CSV file, and free to quote if you link back to this page. Contributors are never named.
How often is it updated?
Once a month, after Cordelia reviews the figures. The live prices behind it are on the Price Board and change every day.
How can a business use it?
Check where your own product prices sit against the market in a free Price Desk, or ask an agent to check a price or a shelf in person with Ask the Market.
How to cite: Cordelia Nigeria Price Index, cordelia.com.ng/price-index.php.
For business: Price monitoring · Market price check · Competitor price tracking
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Live shelf prices by state, LGA and area, with rises and falls by day. Combined and anonymous. Businesses and researchers can request reports.
Explore the Price Board