Inflation, consumer prices in Nigeria
Nigeria: Inflation, consumer prices was 23.0% in 2025. ◆ Volatile
Inflation, consumer prices in Nigeria, 1960–2025
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in annual %.
Analysis
In 2025, inflation, consumer prices in Nigeria stood at 23.0%.
That represents a change of down 30.8% on the previous year and up 155.4% over ten years.
Over the whole period, inflation, consumer prices in Nigeria peaked at 72.8% in 1995 and was at its lowest, -3.7%, in 1967.
Nigeria ranks 11th of 191 countries on this measure, 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 | 3.5% | -3.7% | 10.2% | 10 |
| 1970s | 15.8% | 3.5% | 34.0% | 10 |
| 1980s | 20.9% | 5.7% | 54.5% | 10 |
| 1990s | 30.6% | 6.6% | 72.8% | 10 |
| 2000s | 12.3% | 5.4% | 18.9% | 10 |
| 2010s | 11.8% | 8.0% | 16.5% | 10 |
| 2020s | 21.7% | 13.2% | 33.2% | 6 |
Countries ranked near Nigeria
More economy & growth data for Nigeria
- DEC alternative conversion factor 1,518 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 35.23 trillion current LCU (2025)
- Net secondary income (Net current transfers from abroad) 23.20 billion current US$ (2025)
- Taxes less subsidies on products 10.36 trillion current LCU (2025)
- Taxes less subsidies on products 6.82 billion current US$ (2025)
- Net primary income (Net income from abroad) -13.80 trillion current LCU (2025)
- Net primary income (Net income from abroad) -9.09 billion current US$ (2025)
- GNI per capita 1.80 million current LCU (2025)
- GNI per capita, Atlas method 1,360 current US$ (2025)
- GNI 427.73 trillion current LCU (2025)
Frequently asked questions
- What is inflation, consumer prices in Nigeria?
- Inflation, consumer prices in Nigeria was 23.0% in 2025, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest inflation, consumer prices recorded in Nigeria?
- The highest recorded value was 72.8% in 1995.
- What is the lowest inflation, consumer prices recorded in Nigeria?
- The lowest recorded value was -3.7% in 1967.
- How does Nigeria rank for inflation, consumer prices?
- Nigeria ranks 11th out of 191 countries with data for 2025.
- Is inflation, consumer prices rising or falling in Nigeria?
- Over the last ten years it is up 155.4%. 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 Inflation, consumer prices (annual %). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 66 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly.