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End-of-period inflation — all countries

End-of-period inflation — Nigeria

End-of-period inflation in Nigeria in 2031 — 10%. Ranked 183 in the world out of 188. Since 1996, the indicator has fallen by 4.3 pp.

2031 10% +0 pp vs 2030
World rank 183of 188
Period maximum 34.8%2024
Period minimum 0.2%1999

Trend over time

1996–2031 · % per year

End-of-period inflation — Nigeria, 1996–203101020304019962000200420082012201620202024202820311996: 14.3%1997: 10.2%1998: 11.9%1999: 0.2%2000: 14.5%2001: 16.5%2002: 12.2%2003: 23.8%2004: 10%2005: 11.6%2006: 8.5%2007: 6.6%2008: 15.1%2009: 13.9%2010: 11.8%2011: 10.3%2012: 12%2013: 8%2014: 8%2015: 9.6%2016: 18.5%2017: 15.4%2018: 11.4%2019: 12%2020: 15.8%2021: 15.6%2022: 21.3%2023: 28.9%2024: 34.8%2025: 15.2%2026: 17%2027: 14.5%2028: 11%2029: 10%2030: 10%2031: 10%
Change over the period: −4.3 pp Annual average: -0.12 pp
End-of-period inflation — Nigeria, by year Nigeria All countries CSV XLSX
Year % Change, pp
2031 10 +0 pp
2030 10 +0 pp
2029 10 −1 pp
2028 11 −3.5 pp
2027 14.5 −2.5 pp
2026 17 +1.8 pp
2025 15.2 −19.6 pp
2024 34.8 +5.9 pp
2023 28.9 +7.6 pp
2022 21.3 +5.7 pp
2021 15.6 −0.2 pp
2020 15.8 +3.8 pp
2019 12 +0.6 pp
2018 11.4 −4 pp
2017 15.4 −3.1 pp
2016 18.5 +8.9 pp
2015 9.6 +1.6 pp
2014 8 +0 pp
2013 8 −4 pp
2012 12 +1.7 pp
2011 10.3 −1.5 pp
2010 11.8 −2.1 pp
2009 13.9 −1.2 pp
2008 15.1 +8.5 pp
2007 6.6 −1.9 pp
2006 8.5 −3.1 pp
2005 11.6 +1.6 pp
2004 10 −13.8 pp
2003 23.8 +11.6 pp
2002 12.2 −4.3 pp
2001 16.5 +2 pp
2000 14.5 +14.3 pp
1999 0.2 −11.7 pp
1998 11.9 +1.7 pp
1997 10.2 −4.1 pp
1996 14.3 —

Western Africa, 2031

The same indicator for neighboring countries — with links to their pages

TG Togo -0.5 BJ Benin 2 BF Burkina Faso 2 CV Cabo Verde 2 CI Côte d'Ivoire 2 ML Mali 2 NE Niger 2 SN Senegal 2 GW Guinea-Bissau 2.1 GN Guinea 4 MR Mauritania 4 LR Liberia 4.9 GM Gambia 5 GH Ghana 8 SL Sierra Leone 9 NG Nigeria 10
Full table for all countries

About the indicator

The rise in consumer prices over a year measured from December to December. It differs from average annual inflation in the way it is computed: the average compares the mean price levels of two years and therefore lags, while December on December catches the current state. When inflation accelerates this indicator runs above the average one, when it slows it runs below, and at the height of a price surge the divergence reaches tens of percentage points.

Important: This is the quantity usually meant by inflation over the year. The IMF series runs with a forecast several years ahead.

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

Other indicators for Nigeria

Economy Inflation, average consumer prices (IMF)

The average annual rise in consumer prices as estimated and projected by the IMF.

Nigeria by year Economy Consumer price inflation

The annual change in the consumer price index, in percent.

Nigeria by year Economy Consumer price index

The level of consumer prices relative to a base year — the accumulated result of inflation.

Nigeria by year Finance Exchange rate to the US dollar

The average annual official exchange rate of the national currency per one US dollar.

Nigeria by year
All indicators for Nigeria