All Items, Consumer price index (CPI), Period average, percent change in Nigeria
Nigeria: All Items, Consumer price index (CPI), Period average, percent change was 10 in 2031. ▲ Rising
All Items, Consumer price index (CPI), Period average, percent change in Nigeria, 1996–2031
Source: International Monetary Fund.
Analysis
Nigeria recorded 10 for all items, consumer price index (cpi), period average, percent change in 2031.
The figure is down 41.0% over ten years.
Over the whole period, all items, consumer price index (cpi), period average, percent change in Nigeria peaked at 33.24 in 2024 and was at its lowest, 5.39, in 2007.
That places Nigeria 3rd out of 26 countries with data for 2031, putting it 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), Period average, percent change in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 1996 | 29.29 | — |
| 1997 | 10.67 | -63.6% |
| 1998 | 7.86 | -26.3% |
| 1999 | 6.62 | -15.8% |
| 2000 | 6.94 | +4.8% |
| 2001 | 18.87 | +172.0% |
| 2002 | 12.88 | -31.7% |
| 2003 | 14.03 | +8.9% |
| 2004 | 15 | +6.9% |
| 2005 | 17.86 | +19.0% |
| 2006 | 8.23 | -53.9% |
| 2007 | 5.39 | -34.5% |
| 2008 | 11.58 | +115.1% |
| 2009 | 12.54 | +8.2% |
| 2010 | 13.74 | +9.6% |
| 2011 | 10.83 | -21.2% |
| 2012 | 12.22 | +12.9% |
| 2013 | 8.5 | -30.5% |
| 2014 | 8.05 | -5.3% |
| 2015 | 9.01 | +12.0% |
| 2016 | 15.7 | +74.2% |
| 2017 | 16.5 | +5.1% |
| 2018 | 12.1 | -26.7% |
| 2019 | 11.4 | -5.8% |
| 2020 | 13.25 | +16.2% |
| 2021 | 16.95 | +28.0% |
| 2022 | 18.85 | +11.2% |
| 2023 | 24.66 | +30.8% |
| 2024 | 33.24 | +34.8% |
| 2025 | 23.01 | -30.8% |
| 2026 | 16.05 | -30.2% |
| 2027 | 15.85 | -1.2% |
| 2028 | 12.75 | -19.6% |
| 2029 | 10 | -21.6% |
| 2030 | 10 | +0.0% |
| 2031 | 10 | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 13.61 | 6.62 | 29.29 | 4 |
| 2000s | 12.33 | 5.39 | 18.87 | 10 |
| 2010s | 11.8 | 8.05 | 16.5 | 10 |
| 2020s | 18.46 | 10 | 33.24 | 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 5.32 compare
- 6 Dominican Republic 4.03 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), period average, percent change in Nigeria?
- All items, consumer price index (cpi), period average, percent change in Nigeria was 10 in 2031, according to International Monetary Fund.
- What is the highest all items, consumer price index (cpi), period average, percent change recorded in Nigeria?
- The highest recorded value was 33.24 in 2024.
- What is the lowest all items, consumer price index (cpi), period average, percent change recorded in Nigeria?
- The lowest recorded value was 5.39 in 2007.
- How does Nigeria rank for all items, consumer price index (cpi), period average, percent change?
- Nigeria ranks 3rd out of 26 countries with data for 2031.
- Is all items, consumer price index (cpi), period average, percent change rising or falling in Nigeria?
- Over the last ten years it is down 41.0%. 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), Period average, 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.