Nigeria Inflation Rate

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GDP GDP Growth Rate GDP Per Capita Debt to GDP Inflation Rate Manufacturing GNI GNI Per Capita GNP

Nigeria inflation rate for 2023 was 24.66%, a 5.81% increase from 2022.

Nigeria inflation rate for 2022 was 18.85%, a 1.89% increase from 2021.
Nigeria inflation rate for 2021 was 16.95%, a 3.71% increase from 2020.
Nigeria inflation rate for 2020 was 13.25%, a 1.85% increase from 2019.

Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used. The full historical dataset is available for download here: Nigeria Inflation Rate Datasets (CSV).