Inflation Rate in Niger decreased to -9.10 percent in July from -7.72 percent in June of 2025. This dataset provides the latest reported value for - Niger Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Inflation Rate in Nigeria decreased to 21.88 percent in July from 22.22 percent in June of 2025. This dataset provides - Nigeria Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The average inflation rate in Niger was approximately 9.07 percent in 2024. Between 1980 and 2024, the inflation rose by around 1.74 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. The inflation is forecast to decline by about 7.07 percentage points from 2024 to 2030, fluctuating as it trends downward.This indicator measures inflation based upon the year-on-year change in the average consumer price index, expressed in percent. The latter expresses a country's average level of prices based on a typical basket of consumer goods and services.

The Consumer Price Index in Niger increased 0.20 percent in July of 2025 over the previous month. This dataset provides - Niger Inflation Rate MoM- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Historical dataset showing Niger inflation rate by year from 1964 to 2024.

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 high

To 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 today

Nigeria 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.

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).

Inflation rate of Niger rocketed by 145.11% from 3.7 % in 2023 to 9.1 % in 2024. Since the 216.40% drop in 2020, inflation rate shot up by 213.01% in 2024. 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. The Laspeyres formula is generally used.

The latest inflation rate, i.e. the percent change in the CPI from a year ago to now, in Niger was 4.63 percent. That number was released in . It shows an increase from the inflation rate in the previous month when it stood at 3.73 percent. Compared to a year ago, we see a decrease from the inflation...

Cost of food in Niger decreased 11.40 percent in July of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Niger Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Niger: Inflation: percent change in the Consumer Price Index: The latest value from 2024 is 9.1 percent, an increase from 3.7 percent in 2023. In comparison, the world average is 6.0 percent, based on data from 155 countries. Historically, the average for Niger from 1964 to 2024 is 4.4 percent. The minimum value, -7.8 percent, was reached in 1991 while the maximum of 36 percent was recorded in 1994.

The Consumer Price Index in Nigeria increased 1.99 percent in July of 2025 over the previous month. This dataset provides - Nigeria Inflation Rate MoM- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Inflation rate (GDP deflator) of Niger soared by 125.68% from 3.5 % in 2023 to 7.9 % in 2024. Since the 4,869.68% drop in 2020, inflation rate (GDP deflator) rocketed by 576.92% in 2024. Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.

Core consumer prices in Nigeria increased 21.30 percent in July of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Nigeria Core Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Cost of food in Nigeria increased 22.74 percent in July 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.

As of June 2023, the food inflation rate in Nigeria stood at around 25.09 percent compared to June 2022. This rate was the highest rate in the period under review. Overall, the food inflation rate in Nigeria followed an increasing trend.

Nigeria Inflation Rate: YoY data was reported at 11.259 % in Oct 2018. This records a decrease from the previous number of 11.284 % for Sep 2018. Nigeria Inflation Rate: YoY data is updated monthly, averaging 11.691 % from Jan 1996 (Median) to Oct 2018, with 274 observations. The data reached an all-time high of 47.564 % in Jan 1996 and a record low of -2.486 % in Jan 2000. Nigeria Inflation Rate: YoY data remains active status in CEIC and is reported by Central Bank of Nigeria. The data is categorized under Global Database’s Nigeria – Table NG.I004: Inflation Rate.

Niger NE: Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series data was reported at -0.110 % in 2017. This records a decrease from the previous number of 0.240 % for 2016. Niger NE: Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series data is updated yearly, averaging 2.776 % from Dec 1990 (Median) to 2017, with 28 observations. The data reached an all-time high of 32.710 % in 1994 and a record low of -5.138 % in 1991. Niger NE: Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Niger – Table NE.World Bank: Inflation. Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years.; ; World Bank staff estimates based on World Bank national accounts data archives, OECD National Accounts, and the IMF WEO database.; ;

Nigeria Inflation Rate: YoY: Food data was reported at 13.277 % in Oct 2018. This records a decrease from the previous number of 13.309 % for Sep 2018. Nigeria Inflation Rate: YoY: Food data is updated monthly, averaging 11.161 % from Jan 1996 (Median) to Oct 2018, with 274 observations. The data reached an all-time high of 39.535 % in Sep 2001 and a record low of -17.502 % in Jan 2000. Nigeria Inflation Rate: YoY: Food data remains active status in CEIC and is reported by Central Bank of Nigeria. The data is categorized under Global Database’s Nigeria – Table NG.I004: Inflation Rate.

The latest inflation rate, i.e. the percent change in the CPI from a year ago to now, in Nigeria was 3.89 percent. That number was released in . It shows a decrease from the inflation rate in the previous month when it stood at 3.96 percent. Compared to a year ago, we see a decrease from the inflation...