home
docs

Nigeria CPI Inflation 2026: Interactive Chart & Historical Data

CPI Inflation in Nigeria stood at 23% YoY in 2025, according to IMF. The latest value is down 10.2 percentage points from 33.2% YoY in 2024. Ten years earlier, in 2015, the value was 9% YoY (up 14 percentage points since). The highest value since 1996 was 33.2% YoY in 2024, the lowest 5.4% YoY in 2007. Nigeria ranked 3rd highest of the 52 countries in this dataset in 2025; Argentina ranked first.

Data source: IMF · Unit: % YoY · Category: Macroeconomics · Explore more indicators on EconDash

Data updated:Last checked:Frequency:AnnualCoverage:1980–2031
Read full description

What is CPI Inflation?

CPI Inflation, measured in % YoY, tracks changes in the price level of goods and services in Nigeria. It serves as a primary gauge of purchasing power and cost of living, directly affecting consumer budgets, wage negotiations, and central bank interest rate decisions. Economists distinguish between "headline" inflation (all items) and "core" inflation (excluding volatile food and energy prices) to better understand underlying price trends. In Nigeria, this metric is calculated by statistical agencies through regular surveys of thousands of retail prices across urban and rural areas. The resulting index allows comparisons over time: a value of 120 compared to a base of 100 means prices have risen 20% since the base period. Policymakers typically target a modest positive inflation rate (often around 2%) rather than zero, believing this encourages spending and investment while providing a buffer against deflation.

Key facts

What is the latest CPI Inflation in Nigeria?

CPI Inflation in Nigeria stood at 23% YoY in 2025, according to IMF.

Is CPI Inflation in Nigeria rising or falling?

The latest value is down 10.2 percentage points from 33.2% YoY in 2024. Ten years earlier, in 2015, the value was 9% YoY (up 14 percentage points since).

How does Nigeria rank for CPI Inflation?

Nigeria ranked 3rd highest of the 52 countries in this dataset in 2025; Argentina ranked first.

What is the highest CPI Inflation on record in Nigeria?

The highest value since 1996 was 33.2% YoY in 2024, the lowest 5.4% YoY in 2007.

Metadata for CPI Inflation in Nigeria
IndicatorCPI Inflation
CountryNigeria
CategoryMacroeconomics
Unit% YoY
SourceIMF
Interactive chartView on EconDash
API accessEconDash API documentation

Current rate: 23% YoY (2025)

IMF projection for 2026: 15.6% YoY

Loading chart...

Source:International Monetary Fund via IMF — series PCPIPCH
License:IMF Copyright and Usage
Cite this chart
APA

International Monetary Fund. (2026). CPI Inflation — Nigeria [Data set]. Retrieved November 13, 2026, from EconDash: https://econdash.org/chart/cpi-inflation/NGA. Original source: https://www.imf.org/external/datamapper/PCPIPCH@WEO/WEOWORLD

MLA

International Monetary Fund. "CPI Inflation — Nigeria." EconDash, 2026, https://econdash.org/chart/cpi-inflation/NGA. Accessed 13 Nov. 2026. Original source: https://www.imf.org/external/datamapper/PCPIPCH@WEO/WEOWORLD.

Chicago

International Monetary Fund. 2026. "CPI Inflation — Nigeria." EconDash. Accessed November 13, 2026. https://econdash.org/chart/cpi-inflation/NGA. Original source: https://www.imf.org/external/datamapper/PCPIPCH@WEO/WEOWORLD.

BibTeX
@misc{econdash_cpi_inflation_nga,
  author = {{International Monetary Fund}},
  title = {{CPI Inflation --- Nigeria}},
  howpublished = {EconDash},
  year = {2026},
  url = {https://econdash.org/chart/cpi-inflation/NGA},
  note = {Accessed: 2026-11-13. Original source: https://www.imf.org/external/datamapper/PCPIPCH@WEO/WEOWORLD}
}