Nigeria · Annual SERIES
Inflation in Nigeria
Annual percentage change in the consumer price index, summarizing the change in prices for a representative basket of goods and services.
23.01%annual change in consumer prices (%)
2025Observation year
-10.23 pp from 2024
annual change in consumer prices (%) · World Bank · Missing observations remain gaps.
Underlying data
Download CSV| Year | Value | Status & source note |
|---|---|---|
| 2025 | 23.0101235833333 | present |
| 2024 | 33.2416590552749 | present |
| 2023 | 24.659550203114 | present |
| 2022 | 18.8471877843274 | present |
| 2021 | 16.9528457221608 | present |
| 2020 | 13.2460234276598 | present |
| 2019 | 11.3964223378115 | present |
| 2018 | 12.0951065173432 | present |
| 2017 | 16.5022662139641 | present |
| 2016 | 15.6968126387972 | present |
| 2015 | 9.00943498007706 | present |
| 2014 | 8.04741087967907 | present |
| 2013 | 8.49551838265678 | present |
| 2012 | 12.2242413020582 | present |
| 2011 | 10.8261371880018 | present |
| 2010 | 13.7400521363694 | present |
| 2009 | 12.5379242951095 | present |
| 2008 | 11.583054796681 | present |
| 2007 | 5.38610421570143 | present |
| 2006 | 8.22743678120907 | present |
| 2005 | 17.8634933661605 | present |
| 2004 | 14.9980338183251 | present |
| 2003 | 14.0317836131437 | present |
| 2002 | 12.8765792031099 | present |
| 2001 | 18.8736462093863 | present |
| 2000 | 6.9332921556516 | present |
Definition & method
The IMF International Financial Statistics series is published through WDI. National consumer price indexes use periodic price surveys and country-specific consumption baskets.
Annual percentage change in the consumer price index, summarizing the change in prices for a representative basket of goods and services.
What to keep in mind
- A lower inflation rate means prices are rising more slowly; it does not mean prices have fallen.
- Annual inflation differs from a single month’s year-over-year inflation rate.
- Country baskets and expenditure weights differ. Compare price-change rates rather than price levels.
- Differences between rates are measured in percentage points.