Nigeria: Inflation, annual

* indicates monthly or quarterly data series
 Nigeria

Inflation, annual percent change in the CPI

 Latest value 33.2
 Reference March 2024
 Measure percent
 Data availability January 1996 - March 2024
 Average 13.43
 Min - Max -2.49 - 47.56
 Source Central Bank of Nigeria
For that indicator, we provide data for Nigeria from January 1996 to March 2024. The average value for Nigeria during that period was 13.43 percent with a minimum of -2.49 percent in January 2000 and a maximum of 47.56 percent in January 1996. Click on the following link to see the values of Inflation, annual percent change in the CPI around the world.
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* indicates monthly or quarterly data series


Recent values chart
Nigeria - Inflation, annual - recent values

Historical chart
Nigeria - Inflation, annual - historical chart - 1996-2024
Measure: percent
Source: Central Bank of Nigeria


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Definition: Percent change in the CPI from the same month last year.

 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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