Sub-Saharan Africa · Country statistics

Nigeria

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At a glance

Latest published figures · reporting years differ
Consumer price inflation
23%

% per year·2025

Published observation

Over time

Full published history
Nigeria2025 · 23%
-3.7315.4134.5553.772.841960199320251960: 5.4%1961: 6.3%1962: 5.3%1963: -2.7%1964: 0.9%1965: 4.1%1966: 9.7%1967: -3.7%1968: -0.5%1969: 10.2%1970: 13.8%1971: 16%1972: 3.5%1973: 5.4%1974: 12.7%1975: 34%1976: 24.3%1977: 15.1%1978: 21.7%1979: 11.7%1980: 10%1981: 20.8%1982: 7.7%1983: 23.2%1984: 17.8%1985: 7.4%1986: 5.7%1987: 11.3%1988: 54.5%1989: 50.5%1990: 7.4%1991: 13%1992: 44.6%1993: 57.2%1994: 57%1995: 72.8%1996: 29.3%1997: 8.5%1998: 10%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%

Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly.

Country context

Nigeria in perspective

Region
Sub-Saharan Africa
Capital
Abuja
Country code
NGA