Economy
The World Bank — World Development Indicators (CC BY 4.0) · updated 2025-12-31
Nigeria's inflation rate stands at 23.01% as of 2025-12-31, down from 33.24% in 2024. Historical data runs from 1960 to 2025 (66 observations).
In 2025, Nigeria's inflation rate was 23.01%, down from 33.24% in 2024.
In 2024, Nigeria's inflation rate was 33.24%, up from 24.66% in 2023.
In 2023, Nigeria's inflation rate was 24.66%, up from 18.85% in 2022.
In 2022, Nigeria's inflation rate was 18.85%, up from 16.95% in 2021.
In 2021, Nigeria's inflation rate was 16.95%, up from 13.25% in 2020.
| Year | Value | Change |
|---|---|---|
| 2025 | 23.01% | -10.23% |
| 2024 | 33.24% | +8.58% |
| 2023 | 24.66% | +5.81% |
| 2022 | 18.85% | +1.89% |
| 2021 | 16.95% | +3.71% |
| 2020 | 13.25% | +1.85% |
| 2019 | 11.4% | -0.6987% |
| 2018 | 12.1% | -4.41% |
| 2017 | 16.5% | +0.8055% |
| 2016 | 15.7% | +6.69% |
| 2015 | 9.01% | +0.962% |
| 2014 | 8.05% | -0.4481% |
| 2013 | 8.5% | -3.73% |
| 2012 | 12.22% | +1.4% |
| 2011 | 10.83% | -2.91% |
| 2010 | 13.74% | +1.2% |
| 2009 | 12.54% | +0.9549% |
| 2008 | 11.58% | +6.2% |
| 2007 | 5.39% | -2.84% |
| 2006 | 8.23% | -9.64% |
| 2005 | 17.86% | +2.87% |
| 2004 | 15% | +0.9663% |
| 2003 | 14.03% | +1.16% |
| 2002 | 12.88% | -6% |
| 2001 | 18.87% | +11.94% |
| 2000 | 6.93% | +0.3149% |
| 1999 | 6.62% | -3.38% |
| 1998 | 10% | +1.47% |
| 1997 | 8.53% | -20.74% |
| 1996 | 29.27% | -43.57% |
| 1995 | 72.84% | +15.8% |
| 1994 | 57.03% | -0.1335% |
| 1993 | 57.17% | +12.58% |
| 1992 | 44.59% | +31.58% |
| 1991 | 13.01% | +5.64% |
| 1990 | 7.36% | -43.1% |
| 1989 | 50.47% | -4.04% |
| 1988 | 54.51% | +43.22% |
| 1987 | 11.29% | +5.57% |
| 1986 | 5.72% | -1.72% |
| 1985 | 7.44% | -10.39% |
| 1984 | 17.82% | -5.39% |
| 1983 | 23.21% | +15.51% |
| 1982 | 7.7% | -13.12% |
| 1981 | 20.81% | +10.84% |
| 1980 | 9.97% | -1.74% |
| 1979 | 11.71% | -10% |
| 1978 | 21.71% | +6.62% |
| 1977 | 15.09% | -9.21% |
| 1976 | 24.3% | -9.66% |
| 1975 | 33.96% | +21.29% |
| 1974 | 12.67% | +7.27% |
| 1973 | 5.4% | +1.95% |
| 1972 | 3.46% | -12.54% |
| 1971 | 16% | +2.24% |
| 1970 | 13.76% | +3.6% |
| 1969 | 10.16% | +10.63% |
| 1968 | -0.4761% | +3.25% |
| 1967 | -3.73% | -13.42% |
| 1966 | 9.69% | +5.59% |
| 1965 | 4.1% | +3.25% |
| 1964 | 0.8568% | +3.55% |
| 1963 | -2.69% | -7.96% |
| 1962 | 5.27% | -1.01% |
| 1961 | 6.28% | +0.8348% |
| 1960 | 5.44% | — |
The World Bank — World Development Indicators (CC BY 4.0) · Download this series as CSV — free, attribution required (CC BY 4.0).
Nigeria's inflation rate is 23.01% as of 2025-12-31, compared with 33.24% in 2024. The World Bank — World Development Indicators (CC BY 4.0)
The highest recorded value is 72.84% (1995); the lowest is -3.73% (1967), across data from 1960 to 2025.
The World Bank — World Development Indicators (CC BY 4.0) Figures are republished with attribution and updated as the source releases new observations.