Consumer price index in Nigeria
Nigeria: Consumer price index was 860.32 2010 = 100 in 2025. ◆ Volatile
Consumer price index in Nigeria, 1960–2025
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in 2010 = 100.
Analysis
The most recent figure for consumer price index in Nigeria is 860.32 2010 = 100, measured in 2025. That is the highest value across all 66 years on record.
Compared with earlier readings it is up 23.0% on the previous year and up 441.3% over ten years.
Over the whole period, consumer price index in Nigeria peaked at 860.32 2010 = 100 in 2025 and was at its lowest, 0.0659 2010 = 100, in 1960.
That places Nigeria 13th out of 190 countries with data for 2025, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0.0757 2010 = 100 | 0.0659 2010 = 100 | 0.0872 2010 = 100 | 10 |
| 1970s | 0.1994 2010 = 100 | 0.0992 2010 = 100 | 0.3683 2010 = 100 | 10 |
| 1980s | 0.9236 2010 = 100 | 0.405 2010 = 100 | 2.25 2010 = 100 | 10 |
| 1990s | 14.08 2010 = 100 | 2.41 2010 = 100 | 27.68 2010 = 100 | 10 |
| 2000s | 56.58 2010 = 100 | 29.6 2010 = 100 | 87.92 2010 = 100 | 10 |
| 2010s | 168.06 2010 = 100 | 100 2010 = 100 | 267.51 2010 = 100 | 10 |
| 2020s | 527.15 2010 = 100 | 302.94 2010 = 100 | 860.32 2010 = 100 | 6 |
Countries ranked near Nigeria
More financial sector data for Nigeria
- Domestic credit to private sector 9.6% (2022)
- Claims on central government, etc. 8.6% (2022)
- Broad money 25.1% (2023)
- Monetary Sector credit to private sector 9.6% (2022)
- Net foreign assets 3.79 trillion current LCU (2022)
- Net domestic credit 66.12 trillion current LCU (2022)
- Net migration -15,258 (2025)
- Total reserves in months of imports 7.12 (2025)
- Domestic credit to private sector by banks 13.1% (2023)
- Official exchange rate 1,518 LCU per US$, period average (2025)
Frequently asked questions
- What is consumer price index in Nigeria?
- Consumer price index in Nigeria was 860.32 2010 = 100 in 2025, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest consumer price index recorded in Nigeria?
- The highest recorded value was 860.32 2010 = 100 in 2025.
- What is the lowest consumer price index recorded in Nigeria?
- The lowest recorded value was 0.0659 2010 = 100 in 1960.
- How does Nigeria rank for consumer price index?
- Nigeria ranks 13th out of 190 countries with data for 2025.
- Is consumer price index rising or falling in Nigeria?
- Over the last ten years it is up 441.3%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Consumer price index (2010 = 100). Statizoid updates them automatically from the source API.
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About this data
Index of the prices of consumption goods and services, as compared to a certain reference period (2010=100).