Data / Inflation, annual average / Nigeria

Inflation, annual average in Nigeria

Inflation, annual average in Nigeria was 23% in 2025, according to the World Bank. That is down 10.2 pts from 2024. That is the 6th highest of 175 countries in 2024.

202523%
Change on 2024-10.2 pts
Rank6th of 175Countries ranked
Series high72.81995
Series low-3.71967

Inflation, annual average in Nigeria, 1960 to 2025

CSVChart (SVG)

-20020406080196019701980199020002010202020251960: 5.4 %1961: 6.3 %1962: 5.3 %1963: -2.7 %1964: 0.9 %1965: 4.1 %1966: 9.7 %1967: -3.7 %1968: -0.5 %1969: 10.2 %1970: 13.8 %1971: 16 %1972: 3.5 %1973: 5.4 %1974: 12.7 %1975: 34 %1976: 24.3 %1977: 15.1 %1978: 21.7 %1979: 11.7 %1980: 10 %1981: 20.8 %1982: 7.7 %1983: 23.2 %1984: 17.8 %1985: 7.4 %1986: 5.7 %1987: 11.3 %1988: 54.5 %1989: 50.5 %1990: 7.4 %1991: 13 %1992: 44.6 %1993: 57.2 %1994: 57 %1995: 72.8 %1996: 29.3 %1997: 8.5 %1998: 10 %1999: 6.6 %2000: 6.9 %2001: 18.9 %2002: 12.9 %2003: 14 %2004: 15 %2005: 17.9 %2006: 8.2 %2007: 5.4 %2008: 11.6 %2009: 12.5 %2010: 13.7 %2011: 10.8 %2012: 12.2 %2013: 8.5 %2014: 8 %2015: 9 %2016: 15.7 %2017: 16.5 %2018: 12.1 %2019: 11.4 %2020: 13.2 %2021: 17 %2022: 18.8 %2023: 24.7 %2024: 33.2 %2025: 23 %
%. Source: World Bank. Retrieved 2026-10-09, published 2026-10-08.
All 66 values
Period%
202523
202433.2
202324.7
202218.8
202117
202013.2
201911.4
201812.1
201716.5
201615.7
20159
20148
20138.5
201212.2
201110.8
201013.7
200912.5
200811.6
20075.4
20068.2
200517.9
200415
200314
200212.9
200118.9
20006.9
19996.6
199810
19978.5
199629.3
199572.8
199457
199357.2
199244.6
199113
19907.4
198950.5
198854.5
198711.3
19865.7
19857.4
198417.8
198323.2
19827.7
198120.8
198010
197911.7
197821.7
197715.1
197624.3
197534
197412.7
19735.4
19723.5
197116
197013.8
196910.2
1968-0.5
1967-3.7
19669.7
19654.1
19640.9
1963-2.7
19625.3
19616.3
19605.4

Rankings

Definition

Annual average change in the consumer price index, percent.

United States: percent change between the annual average CPI-U (all items, US city average) of the year and of the previous year, rounded to one decimal as the Bureau of Labor Statistics publishes it; both averages are shown with each value. A whole-year figure: it differs from the December 12-month change in cpi_annual_change. Other countries and the World: World Bank, from IMF International Financial Statistics and national sources; the World value is the median of country rates, not a weighted average.

How to cite

World Bank, World Development Indicators. Inflation, consumer prices, annual % (FP.CPI.TOTL.ZG). https://data.worldbank.org/indicator/FP.CPI.TOTL.ZG. Retrieved 2026-10-09.

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Questions

What is the average annual inflation in Nigeria?

Inflation, annual average in Nigeria was 23% in 2025, according to the World Bank. That is down 10.2 pts from 2024. That is the 6th highest of 175 countries in 2024.

Where does this figure come from?

World Bank. Inflation, consumer prices, annual % (FP.CPI.TOTL.ZG). Retrieved by Invokely on 2026-10-09.

What was the highest average annual inflation in Nigeria?

72.8% in 1995, the highest value since 1960 in this series.

More statistics for Nigeria

All statistics for Nigeria