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.