Nigeria Inflation Rate
How much consumer prices are rising compared with a year ago.
15.4%
Matches the latest releaseNot refreshed recently, awaiting the next release
Explore the full Nigeria economy13 live indicators on one dashboard, from growth and prices to jobs, trade and public finances. Checked hourly against official sources.Inflation Rate
Jan 2006 to Aug 2026
Source: IMF consumer price index (CPI, NGA.CPI._T.YOY_PCH_PA_PT.M), from Nigeria's National Bureau of Statistics · all items, change on the same month a year earlier as the IMF publishes it, to one decimal place, monthly.
Nigeria Inflation Rate in context
Worked out from the published series shown above.
In Nigeria, the inflation rate fell by 7.7pp over the year to Aug 2026, from 23.1% in Aug 2025.
Over the past five years it has ranged from 15.1% in Jan 2026 to 34.8% in Dec 2024.
Its average since Jan 2006 is 14.3%, and the latest reading is above that.
Nigeria is 3rd of 58 countries in our Inflation Rate by Country ranking.
How this series is defined
Everything you need to check the figure against the source.
- Source
- IMF
- Series
- consumer
- Frequency
- Monthly
- Unit
- %
- Seasonal adjustment
- Not stated in the source citation
- Latest observation
- Aug 2026
- Revision status
- Latest published estimate, subject to revision
The National Bureau of Statistics rebased the index to 2024 prices in January 2025, with a new basket, so rates before and after that month are not strictly comparable.
Data refreshed 2026-10-12. Figures are the latest published observations and can be revised.
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