Nigeria: Inflation, monthly
* indicates monthly or quarterly data series
The most recent value is 2.28 percent as of July 2024, a decline compared to the previous value of 2.31 percent. Historically, the average for Nigeria from February 1995 to July 2024 is 1.14 percent. The minimum of -3.51 percent was recorded in August 1999, while the maximum of 8.98 percent was reached in April 1995.
Click on the following link to see the values of: Inflation, monthly around the world.
Select indicator
Download data from our database
* indicates monthly or quarterly data series
- Measure: percent
- Source: Central Bank of Nigeria
| Recent values | Nigeria: Inflation, monthly percent change in the CPI |
|---|---|
| 2024 Jul | 2.28 |
| 2024 Jun | 2.31 |
| 2024 May | 2.14 |
| 2024 Apr | 2.29 |
| 2024 Mar | 3.02 |
| 2024 Feb | 3.12 |
| 2024 Jan | 2.64 |
| 2023 Dec | 2.29 |
Download data from our database
Definition: The percentage change in the CPI from one month to the next.
| 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 |