Nigeria: Inflation forecast

The latest value from 2030 is 10 percent, unchanged from 10 percent in 2029. In comparison, the world average is 3.67 percent, based on data from 181 countries. Historically, the average for Nigeria from 1996 to 2030 is 13.72 percent. The minimum value, 0.22 percent, was reached in 1999 while the maximum of 34.8 percent was recorded in 2024. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: Year-on-year percentage changes in end-of-period consumer prices. The series includes actual historical values for past years and forecast values for the current and the next few years.