Nigeria: Inflation, monthly

* indicates monthly or quarterly data series
The most recent value is 2.64 percent as of November 2024, no change compared to the previous value of 2.64 percent. Historically, the average for Nigeria from February 1995 to November 2024 is 1.16 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.
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* indicates monthly or quarterly data series

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Recent values Nigeria: Inflation, monthly percent change in the CPI
2024  Nov 2.64
2024  Oct 2.64
2024  Sep 2.52
2024  Aug 2.22
2024  Jul 2.28
2024  Jun 2.31
2024  May 2.14
2024  Apr 2.29


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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 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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