Nigeria Inflation Rate (CPI, Annual %) (2024)
Nigeria's Inflation Rate (CPI, Annual %): 33.2 % annual change in 2024, +8.6pp YoY. World Bank (FP.CPI.TOTL.ZG), 1990–2024.
Nigeria (2024)
33.2
% annual change
+8.6pp YoY
YoY Change
+8.6pp
percentage points
Trend
up
Series length
35
years of data
Data
| Year | % annual change | YoY Change |
|---|---|---|
| 2024 | 33.2 | +8.6pp |
| 2023 | 24.7 | +5.8pp |
| 2022 | 18.8 | +1.9pp |
| 2021 | 17 | +3.7pp |
| 2020 | 13.2 | +1.8pp |
| 2019 | 11.4 | -0.7pp |
| 2018 | 12.1 | -4.4pp |
| 2017 | 16.5 | +0.8pp |
| 2016 | 15.7 | +6.7pp |
| 2015 | 9 | +1pp |
| 2014 | 8 | -0.4pp |
| 2013 | 8.5 | -3.7pp |
| 2012 | 12.2 | +1.4pp |
| 2011 | 10.8 | -2.9pp |
| 2010 | 13.7 | +1.2pp |
| 2009 | 12.5 | +1pp |
| 2008 | 11.6 | +6.2pp |
| 2007 | 5.4 | -2.8pp |
| 2006 | 8.2 | -9.6pp |
| 2005 | 17.9 | n/a |
About this Dataset
Nigeria recorded 33.2 % annual change in 2024. The most recent year-on-year change was +8.6pp. The historical series (1990–2024) shows a peak of 72.8 in 1995 and a trough of 5.4 in 2007.
Data sourced from World Bank Open Data API. Values use World Bank standardised methodology ensuring cross-country comparability.
The chart above shows the full historical trend; the table below lists annual values with year-on-year changes.
Frequently Asked Questions
This indicator tracks nigeria inflation rate (cpi, annual %) in Nigeria, published by World Bank. Data covers 1990–2024 at annual frequency using harmonised methodology.
The most recent observation covers 2024. World Bank typically publishes this series with a lag of several months after the reference period. Data is updated annual.
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 33.2 in 2024 represents a year-on-year change of +8.6pp.