Nigeria: Consumer Price Index (CPI)

* indicates monthly or quarterly data series
The most recent value is 847.1421 index points as of November 2024, an increase compared to the previous value of 825.3681 index points. Historically, the average for Nigeria from January 1995 to November 2024 is 167.4466 index points. The minimum of 14.3608 index points was recorded in January 1995, while the maximum of 847.1421 index points was reached in November 2024. Click on the following link to see the values of: Consumer Price Index (CPI) around the world.
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* indicates monthly or quarterly data series

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  • Measure: index points
  • Source: National Bureau of Statistics, Nigeria

Recent values Nigeria: Consumer Price Index (CPI)
2024  Nov 847.1421
2024  Oct 825.3681
2024  Sep 804.1418
2024  Aug 784.3796
2024  Jul 767.3759
2024  Jun 750.3019
2024  May 733.3584
2024  Apr 718.001


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Definition: The Consumer Price Index (CPI) measures the changes in the cost of a basket of goods and services consumed by the average urban household.

 Related indicators Latest Reference Measure
 Inflation 24.7 2023 percent
 Exchange rate regimes 5 2022 index points
 USD exchange rate 1,547.1558 1/2025 Local Currency Units per USD
 Money supply (broad money) 108,945.39 9/2024 billion
 Consumer Price Index (CPI) 847.1421 11/2024 index points
 Inflation, monthly 2.64 11/2024 percent
 Inflation, annual 34.60 11/2024 percent
 Private sector credit 75,845.34 9/2024 billion
 Deposit interest rate 13.78 9/2024 percent
 Business credit interest rate 16.75 9/2024 percent
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