Inflation, average consumer prices (IMF) — all countries

Inflation, average consumer prices (IMF) — Nigeria

Inflation, average consumer prices (IMF) in Nigeria in 2031 — 10%. Ranked 183 in the world out of 189. Since 1996, the indicator has fallen by 19.3 pp.

2031 10% +0 pp vs 2030
World rank 183of 189
Period maximum 33.2%2024
Period minimum 5.4%2007

Trend over time

1996–2031 · % per year

Inflation, average consumer prices (IMF) — Nigeria, 1996–203101020304019962000200420082012201620202024202820311996: 29.3%1997: 10.7%1998: 7.9%1999: 6.6%2000: 6.9%2001: 18.9%2002: 12.9%2003: 14%2004: 15%2005: 17.9%2006: 8.2%2007: 5.4%2008: 11.6%2009: 12.5%2010: 13.7%2011: 10.8%2012: 12.2%2013: 8.5%2014: 8%2015: 9%2016: 15.7%2017: 16.5%2018: 12.1%2019: 11.4%2020: 13.2%2021: 17%2022: 18.8%2023: 24.7%2024: 33.2%2025: 23%2026: 16%2027: 15.9%2028: 12.7%2029: 10%2030: 10%2031: 10%
Change over the period: −19.3 pp Annual average: -0.55 pp
Inflation, average consumer prices (IMF) — Nigeria, by year Nigeria All countries CSV XLSX
Year % Change, pp
2031 10 +0 pp
2030 10 +0 pp
2029 10 −2.7 pp
2028 12.7 −3.2 pp
2027 15.9 −0.1 pp
2026 16 −7 pp
2025 23 −10.2 pp
2024 33.2 +8.5 pp
2023 24.7 +5.9 pp
2022 18.8 +1.8 pp
2021 17 +3.8 pp
2020 13.2 +1.8 pp
2019 11.4 −0.7 pp
2018 12.1 −4.4 pp
2017 16.5 +0.8 pp
2016 15.7 +6.7 pp
2015 9 +1 pp
2014 8 −0.5 pp
2013 8.5 −3.7 pp
2012 12.2 +1.4 pp
2011 10.8 −2.9 pp
2010 13.7 +1.2 pp
2009 12.5 +0.9 pp
2008 11.6 +6.2 pp
2007 5.4 −2.8 pp
2006 8.2 −9.7 pp
2005 17.9 +2.9 pp
2004 15 +1 pp
2003 14 +1.1 pp
2002 12.9 −6 pp
2001 18.9 +12 pp
2000 6.9 +0.3 pp
1999 6.6 −1.3 pp
1998 7.9 −2.8 pp
1997 10.7 −18.6 pp
1996 29.3

About the indicator

The average annual change in the consumer price index from the IMF World Economic Outlook database. The IMF brings national series to a common methodology and publishes a five-year forecast, which makes it possible to compare not only current but also expected inflation. For countries with hyperinflation the IMF flags the data separately as estimates.

Source: World Economic Outlook (IMF), license IMF open data.