Nigeria — Inflation
Inflation, Consumer Prices (Annual %) for Nigeria, 1960–2025.
Inflation for Nigeria was 23.01% in 2025, according to the latest World Bank data. The series covers 66 years, from 1960 to 2025. The highest recorded value was 72.84% in 1995. The lowest was -3.73% in 1967 (about -6.2× the low point). Across that span the compound annual growth rate works out to 2.24% per year.
Nigeria ranks 9 of 187 economies on this measure (1 = highest), putting it in the top 5%. The median for Sub-Saharan Africa is 3.51%, so Nigeria sits above it. It peaked in 1995 and has fallen 68% since. Over the last decade (2015–2025) the figure moved up 155%. Within Sub-Saharan Africa it ranks 6 of 46 economies; Angola (20.16%) is just below it. Its sharpest one-year move was up 2233% in 1969. That is 30% above this series' own ten-year average.
Data highlights
From its 1960 level: doubled by 1970; grown tenfold by 1988. Doubling roughly every 31 years at that pace.
World ranking. Climbed: 13th of 63 in 1960 → 6th of 92 in 1970 → 81st of 106 in 1980 → 72nd of 131 in 1990 → 45th of 163 in 2000 → 3rd of 186 in 2010 → 13th of 178 in 2020 → 6th of 169 in 2025.
Key figures
Full history — 1960 to 2025
| Year | annual % | Change |
|---|---|---|
| 2025 | 23.01% | -10.2 pp |
| 2024 | 33.24% | +8.6 pp |
| 2023 | 24.66% | +5.8 pp |
| 2022 | 18.85% | +1.9 pp |
| 2021 | 16.95% | +3.7 pp |
| 2020 | 13.25% | +1.8 pp |
| 2019 | 11.4% | -0.7 pp |
| 2018 | 12.1% | -4.4 pp |
| 2017 | 16.5% | +0.8 pp |
| 2016 | 15.7% | +6.7 pp |
| 2015 | 9.01% | +1.0 pp |
| 2014 | 8.05% | -0.4 pp |
| 2013 | 8.5% | -3.7 pp |
| 2012 | 12.22% | +1.4 pp |
| 2011 | 10.83% | -2.9 pp |
| 2010 | 13.74% | +1.2 pp |
| 2009 | 12.54% | +1.0 pp |
| 2008 | 11.58% | +6.2 pp |
| 2007 | 5.39% | -2.8 pp |
| 2006 | 8.23% | -9.6 pp |
| 2005 | 17.86% | +2.9 pp |
| 2004 | 15% | +1.0 pp |
| 2003 | 14.03% | +1.2 pp |
| 2002 | 12.88% | -6.0 pp |
| 2001 | 18.87% | +11.9 pp |
| 2000 | 6.93% | +0.3 pp |
| 1999 | 6.62% | -3.4 pp |
| 1998 | 10% | +1.5 pp |
| 1997 | 8.53% | -20.7 pp |
| 1996 | 29.27% | -43.6 pp |
| 1995 | 72.84% | +15.8 pp |
| 1994 | 57.03% | -0.1 pp |
| 1993 | 57.17% | +12.6 pp |
| 1992 | 44.59% | +31.6 pp |
| 1991 | 13.01% | +5.6 pp |
| 1990 | 7.36% | -43.1 pp |
| 1989 | 50.47% | -4.0 pp |
| 1988 | 54.51% | +43.2 pp |
| 1987 | 11.29% | +5.6 pp |
| 1986 | 5.72% | -1.7 pp |
| 1985 | 7.44% | -10.4 pp |
| 1984 | 17.82% | -5.4 pp |
| 1983 | 23.21% | +15.5 pp |
| 1982 | 7.7% | -13.1 pp |
| 1981 | 20.81% | +10.8 pp |
| 1980 | 9.97% | -1.7 pp |
| 1979 | 11.71% | -10.0 pp |
| 1978 | 21.71% | +6.6 pp |
| 1977 | 15.09% | -9.2 pp |
| 1976 | 24.3% | -9.7 pp |
| 1975 | 33.96% | +21.3 pp |
| 1974 | 12.67% | +7.3 pp |
| 1973 | 5.4% | +1.9 pp |
| 1972 | 3.46% | -12.5 pp |
| 1971 | 16% | +2.2 pp |
| 1970 | 13.76% | +3.6 pp |
| 1969 | 10.16% | +10.6 pp |
| 1968 | -0.48% | +3.3 pp |
| 1967 | -3.73% | -13.4 pp |
| 1966 | 9.69% | +5.6 pp |
| 1965 | 4.1% | +3.2 pp |
| 1964 | 0.86% | +3.6 pp |
| 1963 | -2.69% | -8.0 pp |
| 1962 | 5.27% | -1.0 pp |
| 1961 | 6.28% | +0.8 pp |
| 1960 | 5.44% | — |
Frequently asked questions
What was Nigeria’s Inflation in 1961?
6.28% (1961). The full year-by-year table above lists every published year, most recent first.
Are changes in this series measured in percentage points?
Yes. The series is a share expressed in annual %, so year-over-year movements in the Change column are percentage points (pp), not percent.
Is Nigeria’s Inflation growing or shrinking?
Between 1960 and 2025 the series was growing overall: +322.6% in total — about 2.2% a year compounded.
Where does this data come from?
World Bank Open Data (CC BY-4.0), indicator FP.CPI.TOTL.ZG. Values are reproduced as published; this page only computes summary statistics such as change, CAGR and extremes.
What are the most recent published figures?
The last five published years: 2025: 23.01%; 2024: 33.24%; 2023: 24.66%; 2022: 18.85%; 2021: 16.95%. Earlier years are in the full-history table below.
Related data
FP.CPI.TOTL.ZG — Inflation, Consumer Prices (Annual %). Data licensed under CC BY 4.0. Values are reproduced as published; this page computes the summary statistics (change, CAGR, extremes) from the underlying annual series. View the original dataset on data.worldbank.org.