As of May 2024, the average price in Nigeria for a unit of frozen chicken added up to slightly over 4,829 Nigerian naira (NGN), which equaled 3.2 U.S. dollars. One kilogram of boneless beef cost 4,712 NGN (3.14 U.S dollars), whereas one piece of medium-sized chicken eggs reached nearly 151 NGN (10 cents).

Real interest rate (%) in Nigeria was reported at 1.233 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Nigeria - Real interest rate - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Consumer Price Index (CPI) in Nigeria, April, 2025 The most recent value is 119.52 index points as of April 2025, an increase compared to the previous value of 117.3385 index points. Historically, the average for Nigeria from January 1995 to April 2025 is 168.7956 index points. The minimum of 14.3608 index points was recorded in January 1995, while the maximum of 867.7917 index points was reached in December 2024. | TheGlobalEconomy.com

As of July 2024 the average price of gasoline in Nigeria was 770.54 Nigerian naira (NGN) per liter, about 0.48 U.S. dollars. The North-West state recorded the highest prices nationwide, at 820.1 NGN, roughly 0.52 U.S. dollars. In contrast, consumers in the South-South zone paid the lowest prices.

Consumer Price Index: Seasonally Adjusted data was reported at 725.798 2010=100 in 2024. This records an increase from the previous number of 551.728 2010=100 for 2023. Consumer Price Index: Seasonally Adjusted data is updated yearly, averaging 67.174 2010=100 from Dec 1987 (Median) to 2024, with 38 observations. The data reached an all-time high of 725.798 2010=100 in 2024 and a record low of 1.192 2010=100 in 1987. Consumer Price Index: Seasonally Adjusted data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.GEM: Consumer Price Index: Annual. The consumer price index reflects the change in prices for the average consumer of a constant basket of consumer goods. Data is in nominal terms and seasonally adjusted.

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.

Nigeria Commodity Price: Soyabeans data was reported at 479.720 USD/Metric Ton in Jun 2024. This records a decrease from the previous number of 490.220 USD/Metric Ton for May 2024. Nigeria Commodity Price: Soyabeans data is updated monthly, averaging 430.910 USD/Metric Ton from Jan 2009 (Median) to Jun 2024, with 186 observations. The data reached an all-time high of 737.060 USD/Metric Ton in Jun 2022 and a record low of 319.080 USD/Metric Ton in Nov 2015. Nigeria Commodity Price: Soyabeans 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.P001: Commodity Prices.

As of September 2024, the price of electricity used in households in Nigeria amounted to nearly 51 Nigerian naira per kilowatt hour, some 0.03 U.S. dollars. On the other hand, industrial electrical energy was priced at approximately 66 NGN per kilowatt hour, roughly 0.04 U.S. dollars.

Death rate, crude (per 1,000 people) in Nigeria was reported at 11.74 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Nigeria - Death rate, crude - actual values, historical data, forecasts and projections were sourced from the World Bank on May of 2025.

Inflation Rate in Nigeria decreased to 23.71 percent in April from 24.23 percent in March of 2025. This dataset provides - Nigeria Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In April 2024, food prices in Nigeria increased considerably compared to April of the preceding year. Prices of sweet potato, plantain (unripe), and broken rice (ofada) increased the most. In particular, the price of a kilogram of unripe plantain grew by over 168 percent compared to the previous year, while the price of a tuber of yam rose by about 154 percent. Overall, none of the selected foods recorded a price decrease.

Description: This dataset provides a comprehensive overview of monthly inflation rates in Nigeria from March 2003 to June 2024, alongside key economic indicators such as crude oil prices, production levels, and various Consumer Price Index (CPI) components. The data captures important economic trends and is suitable for time series analysis, forecasting, and economic modeling.

The dataset includes the following features:

Inflation Rate: The monthly inflation rate in Nigeria, reflecting the change in consumer prices.

Crude Oil Price: The monthly average price of crude oil, which plays a significant role in Nigeria's economy.

Production and Export: Monthly crude oil production and export figures, representing key components of Nigeria's GDP.

CPI Components: Detailed breakdown of the Consumer Price Index, including food, energy, health, transport, communication, and education.

This dataset is ideal for economists, data scientists, and analysts interested in exploring the dynamics of inflation in a developing economy heavily influenced by oil prices and production. Potential applications include inflation forecasting, economic policy analysis, and studying the impact of global oil prices on domestic inflation.

Nigeria Commodity Price: Cotton data was reported at 1.830 USD/kg in Jun 2024. This records a decrease from the previous number of 1.910 USD/kg for May 2024. Nigeria Commodity Price: Cotton data is updated monthly, averaging 1.950 USD/kg from Jan 2010 (Median) to Jun 2024, with 174 observations. The data reached an all-time high of 5.060 USD/kg in Mar 2011 and a record low of 1.400 USD/kg in Apr 2020. Nigeria Commodity Price: Cotton 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.P001: Commodity Prices.

Nigeria death rate for 2025 is 10.67, a 1.49% decline from 2024.

<ul style='margin-top:20px;'>

<li>Nigeria death rate for 2024 was <strong>10.83</strong>, a <strong>7.73% decline</strong> from 2023.</li>
<li>Nigeria death rate for 2023 was <strong>11.74</strong>, a <strong>1.78% decline</strong> from 2022.</li>
<li>Nigeria death rate for 2022 was <strong>11.95</strong>, a <strong>2.87% decline</strong> from 2021.</li>
</ul>Crude death rate indicates the number of deaths occurring during the year, per 1,000 population estimated at midyear. Subtracting the crude death rate from the crude birth rate provides the rate of natural increase, which is equal to the rate of population change in the absence of migration.

Nigeria Commodity Price: Wheat data was reported at 265.550 USD/Metric Ton in Jun 2024. This records a decrease from the previous number of 289.420 USD/Metric Ton for May 2024. Nigeria Commodity Price: Wheat data is updated monthly, averaging 229.570 USD/Metric Ton from Jan 2009 (Median) to Jun 2024, with 186 observations. The data reached an all-time high of 522.290 USD/Metric Ton in May 2022 and a record low of 122.550 USD/Metric Ton in Nov 2016. Nigeria Commodity Price: Wheat 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.P001: Commodity Prices.

In 2024, the labor participation rate among the total population aged between 15 and 64 in Nigeria remained nearly unchanged at around 83.36 percent. With a decline of 0.1 percentage points (-0.12 percent), there is no significant change to 2023. The labor force participation rate is the share of the population aged 15 and over who are currently employed or actively searching for work. It is calculated by dividing the economically active population aged 15 and over by the total population aged 15 and over.Find more key insights for the labor participation rate among the total population aged between 15 and 64 in countries like Mali and Guinea.

Graph and download economic data for Youth Unemployment Rate for Nigeria (SLUEM1524ZSNGA) from 1991 to 2024 about Nigeria, 15 to 24 years, unemployment, and rate.

Inflation, consumer prices (annual %) in Nigeria was reported at 24.66 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Nigeria - Inflation, consumer prices (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Forecast: Bank Lending Interest Rate in Nigeria 2024 - 2028 Discover more data with ReportLinker!

Mortality rate, under-5 (per 1,000 live births) in Nigeria was reported at 105 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Nigeria - Mortality rate, under-5 (per 1,000) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.