All Items, Consumer price index (CPI), Period average in Nigeria
Nigeria: All Items, Consumer price index (CPI), Period average was 248.19 in 2031. ◆ Volatile
All Items, Consumer price index (CPI), Period average in Nigeria, 1995–2031
Source: International Monetary Fund.
Analysis
In 2031, all items, consumer price index (cpi), period average in Nigeria stood at 248.19. That is the highest value across all 37 years on record.
The figure is up 10.0% on the previous year and up 389.9% over ten years.
Over the whole period, all items, consumer price index (cpi), period average in Nigeria peaked at 248.19 in 2031 and was at its lowest, 2.41, in 1995.
Nigeria ranks 7th of 26 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
All Items, Consumer price index (CPI), Period average in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 1995 | 2.41 | — |
| 1996 | 3.11 | +29.3% |
| 1997 | 3.44 | +10.7% |
| 1998 | 3.71 | +7.9% |
| 1999 | 3.96 | +6.6% |
| 2000 | 4.23 | +6.9% |
| 2001 | 5.03 | +18.9% |
| 2002 | 5.68 | +12.9% |
| 2003 | 6.48 | +14.0% |
| 2004 | 7.45 | +15.0% |
| 2005 | 8.78 | +17.9% |
| 2006 | 9.5 | +8.2% |
| 2007 | 10.01 | +5.4% |
| 2008 | 11.17 | +11.6% |
| 2009 | 12.57 | +12.5% |
| 2010 | 14.3 | +13.7% |
| 2011 | 15.85 | +10.8% |
| 2012 | 17.78 | +12.2% |
| 2013 | 19.29 | +8.5% |
| 2014 | 20.85 | +8.0% |
| 2015 | 22.72 | +9.0% |
| 2016 | 26.29 | +15.7% |
| 2017 | 30.63 | +16.5% |
| 2018 | 34.34 | +12.1% |
| 2019 | 38.25 | +11.4% |
| 2020 | 43.31 | +13.2% |
| 2021 | 50.66 | +17.0% |
| 2022 | 60.21 | +18.8% |
| 2023 | 75.05 | +24.7% |
| 2024 | 100 | +33.2% |
| 2025 | 123.01 | +23.0% |
| 2026 | 142.75 | +16.0% |
| 2027 | 165.38 | +15.9% |
| 2028 | 186.47 | +12.7% |
| 2029 | 205.11 | +10.0% |
| 2030 | 225.62 | +10.0% |
| 2031 | 248.19 | +10.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.33 | 2.41 | 3.96 | 5 |
| 2000s | 8.09 | 4.23 | 12.57 | 10 |
| 2010s | 24.03 | 14.3 | 38.25 | 10 |
| 2020s | 115.19 | 43.31 | 205.11 | 10 |
| 2030s | 236.9 | 225.62 | 248.19 | 2 |
Countries ranked near Nigeria
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)
- Agriculture, forestry, and fishing, value added (current LCU), annual 5.18 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 348.91 current LCU per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 427,154 current LCU per person (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 2.92 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 0.4555 constant 2015 US$ per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 557.59 constant 2015 US$ per person (2025)
- Agriculture, forestry, and fishing, value added (constant LCU) 2.92 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (constant LCU), per 209.92 constant LCU per US$ of GDP (2025)
Frequently asked questions
- What is all items, consumer price index (cpi), period average in Nigeria?
- All items, consumer price index (cpi), period average in Nigeria was 248.19 in 2031, according to International Monetary Fund.
- What is the highest all items, consumer price index (cpi), period average recorded in Nigeria?
- The highest recorded value was 248.19 in 2031.
- What is the lowest all items, consumer price index (cpi), period average recorded in Nigeria?
- The lowest recorded value was 2.41 in 1995.
- How does Nigeria rank for all items, consumer price index (cpi), period average?
- Nigeria ranks 7th out of 26 countries with data for 2031.
- Is all items, consumer price index (cpi), period average rising or falling in Nigeria?
- Over the last ten years it is up 389.9%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from International Monetary Fund, published as part of All Items, Consumer price index (CPI), Period average (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.