Consumer Price Index CPI in Nigeria increased to 128.90 points in October from 127.70 points in September of 2025. This dataset provides - Nigeria Consumer Price Index (CPI) - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Nigeria Consumer Price Index CPI growth

• Nigeria Consumer Price Index (CPI) growth was measured at 23.2 % YoY in Feb 2025, compared with a rate of 24.5 % in the previous month.
• Nigeria Consumer Price Index growth data is updated monthly, available from Jan 1961 to Feb 2025, with an averaged number of 12.6 % YoY.
• The data reached an all-time high of 89.6 % YoY in Jun 1995 and a record low of -7.8 % YoY in Oct 1967.

CEIC calculates Consumer Price Index Growth from monthly Consumer Price Index. The National Bureau of Statistics provides Consumer Price Index with base 2024=100. Consumer Price Index Growth prior to January 1996 is sourced from the International Monetary Fund.

Cost of food in Nigeria increased 13.12 percent in October of 2025 over the same month in the previous year. This dataset provides - Nigeria Food Inflation - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Inflation Rate in Nigeria decreased to 16.05 percent in October from 18.02 percent in September of 2025. This dataset provides - Nigeria Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Nigeria Core CPI Change

• Nigeria Core CPI Change was reported at 18.687 % in Oct 2025.
• This records a decrease from the previous number of 19.531 % for Sep 2025.
• Nigeria Core CPI Change data is updated monthly, averaging 11.328 % from Jan 1996 to Oct 2025, with 358 observations.
• The data reached an all-time high of 38.376 % in Jan 1996 and a record low of -6.525 % in Dec 2007.
• Nigeria Core CPI Change data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Core CPI: Y-o-Y Growth: Monthly.

CEIC calculates Core Consumer Price Index Growth from monthly Core Consumer Price Index. The National Bureau of Statistics provides Core Consumer Price Index with base 2024=100. Core Consumer Price Index excludes Farm Produce and Energy.

Actual value and historical data chart for Nigeria Consumer Price Index 2005 100

The latest inflation rate, i.e. the percent change in the CPI from a year ago to now, in Nigeria was 3.41 percent. That number was released in . It shows a decrease from the inflation rate in the previous month when it stood at 3.65 percent. Compared to a year ago, we see a decrease from the inflation...

The average inflation rate in the Nigeria was forecast to continuously decrease between 2023 and 2028 by in total 6.1 percentage points. The average inflation rate is estimated to amount to 14 percent in 2028.Following the definitions provided by the International Monetary Fund, this indicator measures inflation based upon the year on year change in the average consumer price index. The latter expresses a country's average level of prices based on a typical basket of consumer goods and services. Depicted here is the year-on-year change in said index measure, expressed in percent.Find more key insights for the average inflation rate in countries like Senegal, Mali and Cote D'Ivoire.

Urban versus rural inflation disparity Comparing rural to urban areas in Nigeria showed that inflation was slightly worse in urban areas, with a difference of close to one percent in 2022. Other economic indicators reveal that inflation had a severe impact on the prices of consumer goods. Moreover, the Consumer Index Price of food in Nigeria in 2022 was 590.2. The food products with the highest percentage change in price was beans with 40 percent and over, depending on the color. That was followed by beef articles with 34 to close to 37 percent, depending on the part.

Fuel price surges: a closer look at diesel price fluctuations in Nigeria Another area that saw a dramatic spike in prices was fuel prices. In February 2023, there was a 0.98 percent rise in the cost of diesel in Nigeria when compared to January 2023. The most substantial surge occurred in March 2022. During that month, the average price of diesel surged by nearly 73 percent in contrast to the preceding month. This sharp escalation was attributed to a worldwide deficit in fuel supply and difficulties in the supply chain, which was prompted by the conflict in Ukraine and regulations implemented to control the transmission of COVID-19. Furthermore, consumers in Nigeria faced an average diesel price of 836.91 Nigerian naira (NGN), approximately 1.82 U.S. dollars, per liter. The North-Central States of Nigeria displayed the most elevated prices, with consumers in this region paying an average of 850.65 NGN per liter, roughly 1.85 U.S. dollars. During this specific timeframe, Osun emerged as the State with the highest price across Nigeria, as diesel prices reached a pinnacle of 707 NGN (equivalent to 1.7 U.S. dollars).

Consumer Price Index (CPI) in Nigéria, août, 2025 Pour cet indicateur, National Bureau of Statistics, Nigeria fournit des données pour la Nigéria de janvier 1995 à août 2025. La valeur moyenne pour Nigéria pendant cette période était de 168.3125 index points avec un minimum de 14.3608 index points en janvier 1995 et un maximum de 867.7917 index points en décembre 2024. | TheGlobalEconomy.com

Actual value and historical data chart for Nigeria CPI Price Nominal

Nigeria’s inflation has been higher than the average for African and Sub-Saharan countries for years now, and even exceeded 16 percent in 2017 – and a real, significant decrease is nowhere in sight. The bigger problem is its unsteadiness, however: An inflation rate that is bouncing all over the place, like this one, is usually a sign of a struggling economy, causing prices to fluctuate, and unemployment and poverty to increase. Nigeria’s economy - a so-called “mixed economy”, which means the market economy is at least in part regulated by the state – is not entirely in bad shape, though. More than half of its GDP is generated by the services sector, namely telecommunications and finances, and the country derives a significant share of its state revenues from oil. Because it got highTo simplify: When the inflation rate rises, so do prices, and consequently banks raise their interest rates as well to cope and maintain their profit margin. Higher interest rates often cause unemployment to rise. In certain scenarios, rising prices can also mean more panicky spending and consumption among end users, causing debt and poverty. The extreme version of this is called hyperinflation: A rapid increase of prices that is out of control and leads to bankruptcies en masse, devaluation of money and subsequently a currency reform, among other things. But does that mean that low inflation is better? Maybe, but only to a certain degree; the ECB, for example, aspires to maintain an inflation rate of about two percent so as to keep the economy stable. As soon as we reach deflation territory, however, things are starting to look grim again. The best course is a stable inflation rate, to avoid uncertainty and rash actions. Nigeria todayNigeria is one of the countries with the largest populations worldwide and also the largest economy in Africa, with its economy growing rapidly after a slump in the aforementioned year 2017. It is slated to be one of the countries with the highest economic growth over the next few decades. Demographic key indicators, like infant mortality rate, fertility rate, and the median age of the population, all point towards a bright future. Additionally, the country seems to make big leaps forward in manufacturing and technological developments, and boasts huge natural resources, including natural gas. All in all, Nigeria and its inflation seem to be on the upswing – or on the path to stabilization, as it were.

Indeks Harga Konsumen Pertumbuhan CPI Nigeria dilaporkan sebesar 16.1 % pada 2025-10. Rekor ini turun dibanding sebelumnya yaitu 18.0 % untuk 2025-09. Data Indeks Harga Konsumen Pertumbuhan CPI Nigeria diperbarui bulanan, dengan rata-rata 61.6 % dari 1961-01 sampai 2025-10, dengan 778 observasi. Data ini mencapai angka tertinggi sebesar 89.6 % pada 1995-06 dan rekor terendah sebesar -7.8 % pada 1967-10. Data Indeks Harga Konsumen Pertumbuhan CPI Nigeria tetap berstatus aktif di CEIC dan dilaporkan oleh CEIC Data. Data dikategorikan dalam Global Economic Monitor World Trend Plus – Table: Consumer Price Index: Y-o-Y Growth: Monthly.

Key information about Nigeria CPI: Food and Non Alcoholic Beverage Change

• Nigeria CPI: Food and Non Alcoholic Beverage Change was reported at 12.259 % in Oct 2025.
• This records a decrease from the previous number of 15.868 % for Sep 2025.
• Nigeria CPI: Food and Non Alcoholic Beverage Change data is updated monthly, averaging 14.263 % from Jan 1996 to Oct 2025, with 358 observations.
• The data reached an all-time high of 50.177 % in Jan 1996 and a record low of -5.596 % in Aug 1999.
• Nigeria CPI: Food and Non Alcoholic Beverage Change data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: CPI: Food and Non Alcoholic Beverage: Y-o-Y Growth: Monthly.

CEIC calculates Consumer Food Price Index Growth from monthly Consumer Food Price Index. The National Bureau of Statistics provides Consumer Food Price Index with base 2024=100.

The Consumer Price Index in Nigeria increased 0.90 percent in October of 2025 over the previous month. This dataset provides - Nigeria Inflation Rate MoM- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Monthly dataset of the Nigeria Core Inflation Rate, including historical data, latest releases, and long-term trends from 2007-01-31 to 2025-10-31. Available for free download in CSV format.

Monthly dataset of the Nigeria Inflation Rate, including historical data, latest releases, and long-term trends from 1996-01-31 to 2025-09-30. Available for free download in CSV format.

The 'Inflation Rate YoY' in Nigeria measures the percentage change in the general price level of goods and services compared to the same month in the previous year.-2025-06-16

Actual value and historical data chart for Nigeria Inflation Consumer Prices Annual Percent

Os dados de Crescimento do Índice de Preço do Consumidor IPC da Nigéria foram registrados em 16.1 % em 2025-10. Este registro de uma queda com relação aos números anteriores de 18.0 % em 2025-09. Os dados de Crescimento do Índice de Preço do Consumidor IPC da Nigéria são atualizados por mês, com uma média de 61.6 % em 1961-01 até 2025-10, com 778 observações. Os dados alcançaram um alto recorde de 89.6 % em 1995-06 e um baixo recorde de -7.8 % em 1967-10. Os dados de Crescimento do Índice de Preço do Consumidor IPC da Nigéria permanecem com status ativo na CEIC e são reportados pela fonte: CEIC Data. Os dados são classificados sob o World Trend Plus’ Global Economic Monitor – Table: Consumer Price Index: Y-o-Y Growth: Monthly.

The 'Inflation Rate YoY' in Nigeria measures the percentage change in the general price level of goods and services compared to the same month in the previous year.-2025-03-17