Consumer Prices, General Indices (2015 = 100) — Value, annual growth in Nigeria
Nigeria: Consumer Prices, General Indices (2015 = 100) — Value, annual growth was 3.22 % change on previous year in 2026. ▲ Rising
Consumer Prices, General Indices (2015 = 100) — Value, annual growth in Nigeria, 2001–2026
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Nigeria recorded 3.22 % change on previous year for consumer prices, general indices (2015 = 100) — value, annual growth in 2026. That is the lowest value across all 26 years on record.
That represents a change of down 78.8% on the previous year and down 82.7% over ten years.
Over the whole period, consumer prices, general indices (2015 = 100) — value, annual growth in Nigeria peaked at 34.8 % change on previous year in 2024 and was at its lowest, 3.22 % change on previous year, in 2026.
Nigeria ranks 31st of 206 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 26 years of available data.
Consumer Prices, General Indices (2015 = 100) — Value, annual growth in Nigeria, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2001 | 16.5 % change on previous year | — |
| 2002 | 12.17 % change on previous year | -26.2% |
| 2003 | 23.81 % change on previous year | +95.7% |
| 2004 | 10.01 % change on previous year | -58.0% |
| 2005 | 11.53 % change on previous year | +15.2% |
| 2006 | 8.55 % change on previous year | -25.8% |
| 2007 | 6.56 % change on previous year | -23.2% |
| 2008 | 15.05 % change on previous year | +129.3% |
| 2009 | 13.93 % change on previous year | -7.4% |
| 2010 | 11.82 % change on previous year | -15.2% |
| 2011 | 10.28 % change on previous year | -13.0% |
| 2012 | 11.98 % change on previous year | +16.5% |
| 2013 | 7.96 % change on previous year | -33.6% |
| 2014 | 7.98 % change on previous year | +0.3% |
| 2015 | 9.55 % change on previous year | +19.8% |
| 2016 | 18.55 % change on previous year | +94.1% |
| 2017 | 15.37 % change on previous year | -17.1% |
| 2018 | 11.44 % change on previous year | -25.6% |
| 2019 | 11.98 % change on previous year | +4.7% |
| 2020 | 15.75 % change on previous year | +31.5% |
| 2021 | 15.63 % change on previous year | -0.8% |
| 2022 | 21.34 % change on previous year | +36.6% |
| 2023 | 28.92 % change on previous year | +35.5% |
| 2024 | 34.8 % change on previous year | +20.3% |
| 2025 | 15.15 % change on previous year | -56.5% |
| 2026 | 3.22 % change on previous year | -78.8% |
Nigeria compared with similar countries
- Nigeria's 3.22 % change on previous year is above the median for lower middle income countries, which is 1.22 % change on previous year, 2.6× the median. (41 countries reporting)
- Nigeria's 3.22 % change on previous year is above the median for Sub-Saharan Africa, which is 1.26 % change on previous year, 2.5× the median. (43 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 13.12 % change on previous year | 6.56 % change on previous year | 23.81 % change on previous year | 9 |
| 2010s | 11.69 % change on previous year | 7.96 % change on previous year | 18.55 % change on previous year | 10 |
| 2020s | 19.26 % change on previous year | 3.22 % change on previous year | 34.8 % change on previous year | 7 |
Countries ranked near Nigeria
- 28 Ukraine 3.44 % change on previous year compare
- 29 Ethiopia 3.4 % change on previous year compare
- 30 Kyrgyzstan 3.29 % change on previous year compare
- 32 Armenia 3.21 % change on previous year compare
- 33 Madagascar 3.09 % change on previous year compare
- 34 Colombia 3.07 % change on previous year 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 consumer prices, general indices (2015 = 100) — value, annual growth in Nigeria?
- Consumer prices, general indices (2015 = 100) — value, annual growth in Nigeria was 3.22 % change on previous year in 2026, according to Statizoid (derived).
- What is the highest consumer prices, general indices (2015 = 100) — value, annual growth recorded in Nigeria?
- The highest recorded value was 34.8 % change on previous year in 2024.
- What is the lowest consumer prices, general indices (2015 = 100) — value, annual growth recorded in Nigeria?
- The lowest recorded value was 3.22 % change on previous year in 2026.
- How does Nigeria rank for consumer prices, general indices (2015 = 100) — value, annual growth?
- Nigeria ranks 31st out of 206 countries with data for 2026.
- Is consumer prices, general indices (2015 = 100) — value, annual growth rising or falling in Nigeria?
- Over the last ten years it is down 82.7%. The long-run trend across the full record is rising.
- Where does this Nigeria data come from?
- The figures come from Statizoid (derived), published as part of Consumer Prices, General Indices (2015 = 100) — Value, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 26 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Consumer Prices, General Indices (2015 = 100) — Value. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Consumer Prices, General Indices (2015 = 100) — Value Food and Agriculture Organization of the United Nations
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Consumer Prices, General Indices (2015 = 100) — Value. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.