Die Inflationsrate in Nigeria sank im Mai von 23,71 Prozent im April 2025 auf 22,97 Prozent. Diese Seite bietet - Nigeria Inflationsrate - tatsächliche Werte, historische Daten, Prognosen, Diagramme, Statistiken, Wirtschaftskalender und Nachrichten.

Cost of food in Nigeria increased 21.14 percent in May 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.

Nigeria inflation rate for 2023 was 24.66%, a 5.81% increase from 2022.

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

<li>Nigeria inflation rate for 2022 was <strong>18.85%</strong>, a <strong>1.89% increase</strong> from 2021.</li>
<li>Nigeria inflation rate for 2021 was <strong>16.95%</strong>, a <strong>3.71% increase</strong> from 2020.</li>
<li>Nigeria inflation rate for 2020 was <strong>13.25%</strong>, a <strong>1.85% increase</strong> from 2019.</li>
</ul>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.

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 Consumer Price Index in Nigeria increased 1.53 percent in May of 2025 over the previous month. This dataset provides - Nigeria Inflation Rate MoM- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Nigeria Inflation Rate: Average Annual : Food data was reported at 14.802 % in Nov 2018. This records a decrease from the previous number of 15.355 % for Oct 2018. Nigeria Inflation Rate: Average Annual : Food data is updated monthly, averaging 10.760 % from Dec 1996 (Median) to Nov 2018, with 264 observations. The data reached an all-time high of 31.047 % in Mar 2002 and a record low of -14.147 % in Dec 2000. Nigeria Inflation Rate: Average Annual : 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.

Core consumer prices in Nigeria increased 22.28 percent in May 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.

Global Journal of Agricultural Science

Dataset

This dataset was created by Meric Pakkan

Contents

Nigeria NG: Inflation:(GDP) Gross Domestic ProductDeflator data was reported at 11.117 % in 2017. This records an increase from the previous number of 9.544 % for 2016. Nigeria NG: Inflation:(GDP) Gross Domestic ProductDeflator data is updated yearly, averaging 11.117 % from Dec 1961 (Median) to 2017, with 57 observations. The data reached an all-time high of 113.076 % in 1995 and a record low of -5.666 % in 1998. Nigeria NG: Inflation:(GDP) Gross Domestic ProductDeflator 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.WDI: 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. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; Median;

Abstract

Food price inflation is an important metric to inform economic policy but traditional sources of consumer prices are often produced with delay during crises and only at an aggregate level. This may poorly reflect the actual price trends in rural or poverty-stricken areas, where large populations reside in fragile situations. This data set includes food price estimates and is intended to help gain insight in price developments beyond what can be formally measured by traditional methods. The estimates are generated using a machine-learning approach that imputes ongoing subnational price surveys, often with accuracy similar to direct measurement of prices. The data set provides new opportunities to investigate local price dynamics in areas where populations are sensitive to localized price shocks and where traditional data are not available.

Geographic coverage notes

The data cover the following areas: Afghanistan, Armenia, Bangladesh, Burkina Faso, Burundi, Cameroon, Central African Republic, Chad, Congo, Dem. Rep., Congo, Rep., Gambia, The, Guinea, Guinea-Bissau, Haiti, Indonesia, Iraq, Kenya, Lao PDR, Lebanon, Liberia, Libya, Malawi, Mali, Mauritania, Mozambique, Myanmar, Niger, Nigeria, Philippines, Senegal, Somalia, South Sudan, Sri Lanka, Sudan, Syrian Arab Republic, Yemen, Rep.

Consumer Price Index CPI in Nigeria increased to 121.40 points in May from 119.50 points in April of 2025. This dataset provides - Nigeria Consumer Price Index (CPI) - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

This dataset is about countries per year in Nigeria. It has 64 rows. It features 4 columns: country, inflation, and net migration.

NBS Forecast: Inflation data was reported at 8.540 % in 2019. This records a decrease from the previous number of 8.670 % for 2018. NBS Forecast: Inflation data is updated yearly, averaging 9.490 % from Dec 2011 (Median) to 2019, with 9 observations. The data reached an all-time high of 12.220 % in 2012 and a record low of 7.980 % in 2014. NBS Forecast: Inflation data remains active status in CEIC and is reported by National Bureau of Statistics of the Federal Republic of Nigeria. The data is categorized under Global Database’s Nigeria – Table NG.I005: Inflation Rate: Forecast: National Bureau of Statistics: Annual.

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.

Nigeria Inflation Rate: Average Annual : excl Farm Produce and Energy data was reported at 11.560 % in Oct 2018. This records a decrease from the previous number of 11.740 % for Sep 2018. Nigeria Inflation Rate: Average Annual : excl Farm Produce and Energy data is updated monthly, averaging 11.220 % from Jan 2003 (Median) to Oct 2018, with 190 observations. The data reached an all-time high of 23.200 % in Mar 2004 and a record low of 0.600 % in May 2008. Nigeria Inflation Rate: Average Annual : excl Farm Produce and Energy 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.

Inflation Dynamics in the West African Monetary Zone. BUCK PRESS, ACCRA, Ghana

Nigeria Inflation Rate: Average Annual data was reported at 12.777 % in Oct 2018. This records a decrease from the previous number of 13.157 % for Sep 2018. Nigeria Inflation Rate: Average Annual data is updated monthly, averaging 11.859 % from Dec 1996 (Median) to Oct 2018, with 263 observations. The data reached an all-time high of 29.292 % in Dec 1996 and a record low of 0.920 % in Jun 2000. Nigeria Inflation Rate: Average Annual 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.

Abstract

Energy price inflation is an important metric to inform economic policy but traditional sources of consumer prices are often produced with delay during crises and only at an aggregate level. This may poorly reflect the actual price trends in rural or poverty-stricken areas, where large populations reside in fragile situations. This data set includes energy price estimates and is intended to help gain insight in price developments beyond what can be formally measured by traditional methods. The estimates are generated using a machine-learning approach that imputes ongoing subnational price surveys, often with accuracy similar to direct measurement of prices. The data set provides new opportunities to investigate local price dynamics in areas where populations are sensitive to localized price shocks and where traditional data are not available.

Geographic coverage notes

The data cover the following sub-national areas: Abia, Borno, Yobe, Katsina, Kano, Kaduna, Gombe, Jigawa, Kebbi, Oyo, Sokoto, Zamfara, Lagos, Adamawa, Market Average