All Items, Consumer price index (CPI), End-of-period (EoP), percent in Nigeria
Nigeria: All Items, Consumer price index (CPI), End-of-period (EoP), percent was 10 in 2031. ▲ Rising
All Items, Consumer price index (CPI), End-of-period (EoP), percent in Nigeria, 1996–2031
Source: International Monetary Fund.
Analysis
Nigeria recorded 10 for all items, consumer price index (cpi), end-of-period (eop), percent in 2031.
Compared with earlier readings it is down 36.0% over ten years.
Over the whole period, all items, consumer price index (cpi), end-of-period (eop), percent in Nigeria peaked at 34.8 in 2024 and was at its lowest, 0.2236, in 1999.
Nigeria ranks 3rd of 26 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 36 years of available data.
All Items, Consumer price index (CPI), End-of-period (EoP), percent in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 1996 | 14.31 | — |
| 1997 | 10.21 | -28.6% |
| 1998 | 11.91 | +16.6% |
| 1999 | 0.2236 | -98.1% |
| 2000 | 14.53 | +6396.7% |
| 2001 | 16.49 | +13.5% |
| 2002 | 12.17 | -26.2% |
| 2003 | 23.81 | +95.7% |
| 2004 | 10.01 | -58.0% |
| 2005 | 11.57 | +15.6% |
| 2006 | 8.55 | -26.1% |
| 2007 | 6.56 | -23.2% |
| 2008 | 15.06 | +129.4% |
| 2009 | 13.93 | -7.5% |
| 2010 | 11.82 | -15.2% |
| 2011 | 10.28 | -13.0% |
| 2012 | 11.98 | +16.5% |
| 2013 | 7.96 | -33.6% |
| 2014 | 7.98 | +0.3% |
| 2015 | 9.55 | +19.7% |
| 2016 | 18.55 | +94.1% |
| 2017 | 15.37 | -17.1% |
| 2018 | 11.44 | -25.6% |
| 2019 | 11.98 | +4.7% |
| 2020 | 15.75 | +31.5% |
| 2021 | 15.63 | -0.8% |
| 2022 | 21.34 | +36.6% |
| 2023 | 28.92 | +35.5% |
| 2024 | 34.8 | +20.3% |
| 2025 | 15.15 | -56.5% |
| 2026 | 17 | +12.2% |
| 2027 | 14.5 | -14.7% |
| 2028 | 11 | -24.1% |
| 2029 | 10 | -9.1% |
| 2030 | 10 | +0.0% |
| 2031 | 10 | +0.0% |
Nigeria compared with similar countries
- Nigeria's 10 is above the median for lower middle income countries, which is 5.28, 1.9× the median. (5 countries reporting)
Biggest year-on-year movements
Years where All Items, Consumer price index (CPI), End-of-period (EoP), percent in Nigeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2000 | +6396.7% | 0.2236 | 14.53 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 9.17 | 0.2236 | 14.31 | 4 |
| 2000s | 13.27 | 6.56 | 23.81 | 10 |
| 2010s | 11.69 | 7.96 | 18.55 | 10 |
| 2020s | 18.41 | 10 | 34.8 | 10 |
| 2030s | 10 | 10 | 10 | 2 |
Countries ranked near Nigeria
- 1 Iran, Islamic Republic of 25 compare
- 2 Türkiye 15 compare
- 4 Ghana 8 compare
- 5 Egypt 5.28 compare
- 6 Dominican Republic 4.02 compare
More economy & growth data for Nigeria
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.04 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.32 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 1.19 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0041 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 5 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 4.01 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 148.16 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0138 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 16.86 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 13.91 % change on previous year (2025)
Frequently asked questions
- What is all items, consumer price index (cpi), end-of-period (eop), percent in Nigeria?
- All items, consumer price index (cpi), end-of-period (eop), percent in Nigeria was 10 in 2031, according to International Monetary Fund.
- What is the highest all items, consumer price index (cpi), end-of-period (eop), percent recorded in Nigeria?
- The highest recorded value was 34.8 in 2024.
- What is the lowest all items, consumer price index (cpi), end-of-period (eop), percent recorded in Nigeria?
- The lowest recorded value was 0.2236 in 1999.
- How does Nigeria rank for all items, consumer price index (cpi), end-of-period (eop), percent?
- Nigeria ranks 3rd out of 26 countries with data for 2031.
- Is all items, consumer price index (cpi), end-of-period (eop), percent rising or falling in Nigeria?
- Over the last ten years it is down 36.0%. The long-run trend across the full record is rising.
- Where does this Nigeria data come from?
- The figures come from International Monetary Fund, published as part of All Items, Consumer price index (CPI), End-of-period (EoP), percent change (9/26/2025). Statizoid updates them automatically from the source API.
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About this data
The World Economic Outlook (WEO) database is created during the biannual WEO exercise, which begins in January and June of each year and results in the April and September/October WEO publication. Selected series from the publication are available in a database format.