Nigeria: Inflation, monthly

* indicates monthly or quarterly data series

Inflation, monthly percent change in the CPI

 Latest value 2.29
 Reference April 2024
 Measure percent
 Data availability February 1995 - April 2024
 Average 1.13
 Min - Max -3.51 - 8.98
 Source Central Bank of Nigeria
For that indicator, we provide data for Nigeria from February 1995 to April 2024. The average value for Nigeria during that period was 1.13 percent with a minimum of -3.51 percent in August 1999 and a maximum of 8.98 percent in April 1995. Click on the following link to see the values of Inflation, monthly percent change in the CPI around the world.
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* indicates monthly or quarterly data series

Recent values chart
Nigeria - Inflation, monthly - recent values

Historical chart
Nigeria - Inflation, monthly - historical chart - 1995-2024
Measure: percent
Source: Central Bank of Nigeria

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Definition: The percentage change in the CPI from one month to the next.

 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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