Nigeria Inflation Rate, Month on Month

How much consumer prices moved compared with the month before.

0.7%

−0.9pp vs Jul 2026

Aug 2026 · Monthly data

Not seasonally adjusted

Matches the latest releaseNot refreshed recently, awaiting the next release

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Inflation Rate, Month on Month

Feb 2005 to Aug 2026

Source: IMF consumer price index (CPI, NGA.CPI._T.POP_PCH_PA_PT.M) · all items, change on the previous month as the IMF publishes it, not seasonally adjusted, to one decimal place.

Nigeria Inflation Rate, Month on Month in context

Worked out from the published series shown above.

In Nigeria, the inflation rate, month on month was unchanged over the year to Aug 2026, from 0.7% in Aug 2025.

Over the past five years it has ranged from −2.9% in Jan 2026 to 4.2% in Mar 2026.

Its average since Feb 2005 is 1.1%, and the latest reading is below that.

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 seasonally adjusted
Latest observation
Aug 2026
Revision status
Latest published estimate, subject to revision

Data refreshed 2026-10-12. Figures are the latest published observations and can be revised.

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