“…Also, [8] modeled the same Inflation rates within the same period using SARIMA (0, 1, 1) x (0, 1, 1), but did not show the forecast adequacy. Further, [19] applied seasonal multiplicative ARIMA model, SARIMA (1, 1, 1) x (0, 0, 1) 12 to model Nigeria Inflation rates from November, 2003 to October 2013. Others made use of Consumer Price Index to model Inflation rates.…”