Nigeria: Consumer Price Index (CPI)

* indicates monthly or quarterly data series
 Nigeria

Consumer Price Index (CPI)

 Latest value 750.3019
 Reference June 2024
 Measure index points
 Data availability January 1995 - June 2024
 Average 158.432
 Min - Max 14.3608 - 750.3019
 Source National Bureau of Statistics, Nigeria
For that indicator, we provide data for Nigeria from January 1995 to June 2024. The average value for Nigeria during that period was 158.432 index points with a minimum of 14.3608 index points in January 1995 and a maximum of 750.3019 index points in June 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


Recent values chart
Nigeria - Consumer Price Index (CPI) - recent values

Historical chart
Nigeria - Consumer Price Index (CPI) - historical chart - 1995-2024
Measure: index points
Source: National Bureau of Statistics, Nigeria


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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 value Reference Measure
 Inflation 18.8 2022 percent
 Exchange rate regimes 6 2021 index points
 USD exchange rate 772.6651 9/2023 Local Currency Units per USD
 Money supply (broad money) 66,174.92 9/2023 billion
 Consumer Price Index (CPI) 606.0018 9/2023 index points
 Inflation, monthly 2.10 9/2023 percent
 Inflation, annual 26.72 9/2023 percent
 Private sector credit 59,507.35 9/2023 billion
 Deposit interest rate 8.49 9/2023 percent
 Business credit interest rate 14.32 9/2023 percent
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