{"version":1,"asset_type":"statistical_series","data_type":"time_series","slug":"ng-inflation-cpi","url":"https://apiardata.com/statistics/ng-inflation-cpi","html_url":"https://apiardata.com/statistics/ng-inflation-cpi/","title":"Nigeria Inflation Rate (CPI, Annual %) (2025)","description":"Nigeria's Inflation Rate (CPI, Annual %): 23 % annual change in 2025, -10.2pp YoY. World Bank (FP.CPI.TOTL.ZG), 1976–2025.","domain":"macro","category":"Economy & Macro","keywords":["Economy & Macro","World Bank","Nigeria","2025"],"publisher":"World Bank","frequency":"Annual","geography":"Nigeria","temporal_coverage":"1976/2025","unit":"% annual change","last_updated":"2026-07-25","last_updated_text":"25 July 2026","data_as_of":"2025","variable_measured":"Nigeria Inflation Rate (CPI, Annual %)","license":"https://apiardata.com/data-license","is_accessible_for_free":true,"sources":[{"name":"World Bank","url":"https://data.worldbank.org/indicator/FP.CPI.TOTL.ZG?locations=NG"}],"meta":[{"label":"Frequency","value":"Annual"},{"label":"Coverage","value":"1976–2025"},{"label":"Observations","value":"50"},{"label":"Geography","value":"Nigeria"},{"label":"Last updated","value":"25 July 2026"}],"kpis":[{"label":"Nigeria (2025)","value":"23","unit":"% annual change","trend":{"direction":"down","value":"-10.2pp YoY"}},{"label":"YoY Change","value":"-10.2pp","unit":"percentage points"},{"label":"Trend","value":"down","unit":""},{"label":"Series length","value":"50","unit":"years of data"}],"series":[{"key":"value","label":"Nigeria Inflation Rate (CPI, Annual %)"}],"observation_count":50,"observations":[{"period":"1976","value":24.2999999999997},{"period":"1977","value":15.0878340572688},{"period":"1978","value":21.7092457416664},{"period":"1979","value":11.7097306212117},{"period":"1980","value":9.97226199001429},{"period":"1981","value":20.8128229121949},{"period":"1982","value":7.69774724714248},{"period":"1983","value":23.2123315511559},{"period":"1984","value":17.8205332860842},{"period":"1985","value":7.43534482758627},{"period":"1986","value":5.71715145436308},{"period":"1987","value":11.2903225806451},{"period":"1988","value":54.5112247797672},{"period":"1989","value":50.4666881235916},{"period":"1990","value":7.36440030557697},{"period":"1991","value":13.0069731037427},{"period":"1992","value":44.588842715023},{"period":"1993","value":57.1652528349217},{"period":"1994","value":57.031708911966},{"period":"1995","value":72.8355022972636},{"period":"1996","value":29.2682926829272},{"period":"1997","value":8.52987421383633},{"period":"1998","value":9.99637812386806},{"period":"1999","value":6.61837339479756},{"period":"2000","value":6.9332921556516},{"period":"2001","value":18.8736462093863},{"period":"2002","value":12.8765792031099},{"period":"2003","value":14.0317836131437},{"period":"2004","value":14.9980338183251},{"period":"2005","value":17.8634933661605},{"period":"2006","value":8.22743678120907},{"period":"2007","value":5.38610421570143},{"period":"2008","value":11.583054796681},{"period":"2009","value":12.5379242951095},{"period":"2010","value":13.7400521363694},{"period":"2011","value":10.8261371880018},{"period":"2012","value":12.2242413020582},{"period":"2013","value":8.49551838265678},{"period":"2014","value":8.04741087967907},{"period":"2015","value":9.00943498007706},{"period":"2016","value":15.6968126387972},{"period":"2017","value":16.5022662139641},{"period":"2018","value":12.0951065173432},{"period":"2019","value":11.3964223378115},{"period":"2020","value":13.2460234276598},{"period":"2021","value":16.9528457221608},{"period":"2022","value":18.8471877843274},{"period":"2023","value":24.659550203114},{"period":"2024","value":33.2416590552749},{"period":"2025","value":23.0101235833333}],"table":{"columns":[{"key":"year","label":"Year"},{"key":"value","label":"% annual change"},{"key":"yoyChange","label":"YoY Change"}],"rows":[{"year":"2025","value":"23.0","yoyChange":"-10.2pp"},{"year":"2024","value":"33.2","yoyChange":"+8.5pp"},{"year":"2023","value":"24.7","yoyChange":"+5.9pp"},{"year":"2022","value":"18.8","yoyChange":"+1.8pp"},{"year":"2021","value":"17.0","yoyChange":"+3.8pp"},{"year":"2020","value":"13.2","yoyChange":"+1.8pp"},{"year":"2019","value":"11.4","yoyChange":"-0.7pp"},{"year":"2018","value":"12.1","yoyChange":"-4.4pp"},{"year":"2017","value":"16.5","yoyChange":"+0.8pp"},{"year":"2016","value":"15.7","yoyChange":"+6.7pp"},{"year":"2015","value":"9.0","yoyChange":"+1.0pp"},{"year":"2014","value":"8.0","yoyChange":"-0.5pp"},{"year":"2013","value":"8.5","yoyChange":"-3.7pp"},{"year":"2012","value":"12.2","yoyChange":"+1.4pp"},{"year":"2011","value":"10.8","yoyChange":"-2.9pp"},{"year":"2010","value":"13.7","yoyChange":"+1.2pp"},{"year":"2009","value":"12.5","yoyChange":"+0.9pp"},{"year":"2008","value":"11.6","yoyChange":"+6.2pp"},{"year":"2007","value":"5.4","yoyChange":"-2.8pp"},{"year":"2006","value":"8.2","yoyChange":"-9.6pp"}]},"qa":[{"question":"What does this indicator measure?","answer":"This page tracks consumer price inflation (CPI, annual % change) in Nigeria from 1990 to present. Inflation is the most-watched macro indicator for monetary policy, fixed income markets, and real return calculations. It is published by World Bank and updated annually."},{"question":"How current is this data?","answer":"The most recent observation covers 2025. World Bank typically publishes this series with a lag of several months after the reference period. The series runs 1976–2025 (50 observations)."},{"question":"What is the long-term trend?","answer":"The series peaked at 72.8 % annual change in 1995 and reached its lowest recorded value of 5.4 in 2007. The latest reading of 23 in 2025 represents a change of -10.2pp."}]}