Consumer price inflation — all countries

Consumer price inflation — Nigeria

Consumer price inflation in Nigeria in 2025 — 23.01%. Ranked 160 in the world out of 165. Since 1960, the indicator has risen by 17.57 pp.

2025 23.01% −10.23 pp vs 2024
World rank 160of 165
Period maximum 72.84%1995
Period minimum -3.73%1967

Trend over time

1960–2025 · % per year

Consumer price inflation — Nigeria, 1960–2025-2002040608019601967197419811988199520022009201620231960: 5.44%1962: 5.27%1964: 0.86%1966: 9.69%1968: -0.48%1970: 13.76%1972: 3.46%1974: 12.67%1976: 24.3%1978: 21.71%1980: 9.97%1982: 7.7%1984: 17.82%1986: 5.72%1988: 54.51%1990: 7.36%1992: 44.59%1994: 57.03%1996: 29.27%1998: 10%2000: 6.93%2002: 12.88%2004: 15%2006: 8.23%2008: 11.58%2010: 13.74%2012: 12.22%2014: 8.05%2016: 15.7%2018: 12.1%2020: 13.25%2022: 18.85%2024: 33.24%2025: 23.01%
Change over the period: +17.57 pp Annual average: 0.27 pp

Comparison, 2025

How the value compares with the world and the groups this territory belongs to: Nigeria

Nigeria 23.01%
World 3.04%
Western Africa computed 13.27%
Consumer price inflation — Nigeria, by year Nigeria All countries CSV XLSX
Year % Change, pp
2025 23.01 −10.23 pp
2024 33.24 +8.58 pp
2023 24.66 +5.81 pp
2022 18.85 +1.89 pp
2021 16.95 +3.71 pp
2020 13.25 +1.85 pp
2019 11.4 −0.7 pp
2018 12.1 −4.41 pp
2017 16.5 +0.81 pp
2016 15.7 +6.69 pp
2015 9.01 +0.96 pp
2014 8.05 −0.45 pp
2013 8.5 −3.73 pp
2012 12.22 +1.4 pp
2011 10.83 −2.91 pp
2010 13.74 +1.2 pp
2009 12.54 +0.95 pp
2008 11.58 +6.2 pp
2007 5.39 −2.84 pp
2006 8.23 −9.64 pp
2005 17.86 +2.87 pp
2004 15 +0.97 pp
2003 14.03 +1.16 pp
2002 12.88 −6 pp
2001 18.87 +11.94 pp
2000 6.93 +0.31 pp
1999 6.62 −3.38 pp
1998 10 +1.47 pp
1997 8.53 −20.74 pp
1996 29.27 −43.57 pp
1995 72.84 +15.8 pp
1994 57.03 −0.13 pp
1993 57.17 +12.58 pp
1992 44.59 +31.58 pp
1991 13.01 +5.64 pp
1990 7.36 −43.1 pp
1989 50.47 −4.04 pp
1988 54.51 +43.22 pp
1987 11.29 +5.57 pp
1986 5.72 −1.72 pp
1985 7.44 −10.39 pp
1984 17.82 −5.39 pp
1983 23.21 +15.51 pp
1982 7.7 −13.12 pp
1981 20.81 +10.84 pp
1980 9.97 −1.74 pp
1979 11.71 −10 pp
1978 21.71 +6.62 pp
1977 15.09 −9.21 pp
1976 24.3 −9.66 pp
1975 33.96 +21.29 pp
1974 12.67 +7.27 pp
1973 5.4 +1.95 pp
1972 3.46 −12.54 pp
1971 16 +2.24 pp
1970 13.76 +3.6 pp
1969 10.16 +10.63 pp
1968 -0.48 +3.25 pp
1967 -3.73 −13.42 pp
1966 9.69 +5.59 pp
1965 4.1 +3.25 pp
1964 0.86 +3.55 pp
1963 -2.69 −7.96 pp
1962 5.27 −1.01 pp
1961 6.28 +0.83 pp
1960 5.44

About the indicator

The annual growth rate of the consumer price index — the cost of a fixed or periodically updated basket of goods and services for households. Negative values mean deflation. The composition of the basket and its weights are set by national statistical offices, so the figures are comparable in order of magnitude but not identical in method.

Important: In countries with hyperinflation the indicator can run into hundreds and thousands of percent, which is worth keeping in mind when reading charts.

Source: World Development Indicators (World Bank), license CC BY 4.0.