patinnojoe/inflation_in_Nigeria_data_trend_analysis

This project analyzes inflation trends in Nigeria between 2019 and 2025 using monthly Consumer Price Index (CPI) data. The analysis explores how inflation evolved across major sectors of the Nigerian economy, with special attention to: Food Inflation, Transport Inflation, Housing and energy costs etc. # Nigeria Inflation Dynamics Analysis (2019–2025) ## Project Overview This project analyzes inflation trends in Nigeria between 2019 and 2025 using monthly Consumer Price Index (CPI) data. The analysis explores how inflation evolved across major sectors of the Nigerian economy, with special attention to: - Food inflation - Transport inflation - Housing and energy costs - Core vs headline inflation - The effects of COVID-19 - The effects of fuel subsidy removal and FX liberalization - Inflation volatility and structural changes The goal of this project is to combine: - Data analysis - Economic reasoning - Public policy interpretation - Data storytelling - Visualization This project is designed as both: 1. A portfolio-quality data analysis project 2. A public policy/data journalism article --- # Research Questions ## Primary Questions Question 1: How has headline inflation evolved in scale and volatility across Nigeria from 2019 to 2025? Question 2: Did the June 2023 fuel subsidy removal trigger a permanent structural regime shift in inflation dynamics? Question 3: Which specific CPI consumption categories drove this price expansion, and which sectors exhibited the highest month-on-month volatility? --- # Dataset Description The dataset contains 84 monthly observations from January 2019 to December 2025. ## Dataset Dimensions - Rows: 84 - Columns: 30 ## Key Variables ### General Inflation Indicators | Column | Description | | -------------------- | -------------------------------- | | All Items | Headline CPI | | Month-on (%) | Monthly inflation rate | | Year-on (%) | Yearly inflation rate | | 12-month average (%) | Rolling yearly average inflation | --- ### Core Inflation Measures | Column | Description | | --------------------------------------- | ---------------------- | | All Items less Farm Pro …