
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
- Measure: percent
- Source: Central Bank of Nigeria
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 |