Nigeria: Inflation, annual
* indicates monthly or quarterly data series
The most recent value is 32.15 percent as of August 2024, a decline compared to the previous value of 33.4 percent. Historically, the average for Nigeria from January 1996 to August 2024 is 13.73 percent. The minimum of -2.49 percent was recorded in January 2000, while the maximum of 47.56 percent was reached in January 1996.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: Central Bank of Nigeria
| Recent values | Nigeria: Inflation, annual percent change in the CPI |
|---|---|
| 2024 Aug | 32.15 |
| 2024 Jul | 33.4 |
| 2024 Jun | 34.19 |
| 2024 May | 33.95 |
| 2024 Apr | 33.69 |
| 2024 Mar | 33.2 |
| 2024 Feb | 31.7 |
| 2024 Jan | 29.9 |
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Definition: Percent change in the CPI from the same month last year.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Inflation | 24.7 | 2023 | 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 |