Nigeria—Inflation, CPI (%, World Bank)
Category: Fiscal & MonetarySource: World Bank World Development Indicators ↗Global Rank: #10 of 180Series years: 2000–2025
Latest Value
23.0%
2025
YoY Change
-30.8%
2024 → 2025
Global Rank
#10
of 180 countries
Maximum
33.2%
2024
Minimum
5.4%
2007
CAGR
+4.9%
26 years
Last
23.0%
Previous
33.2%
Highest
33.2%
Lowest
5.4%
Unit
annual %
Source
World Bank World Development Indicators
Nigeria's inflation, CPI (%, world bank) was 23.0% in 2025, ranking #10 out of 180 countries. This represents a -30.8% change from 2024. Over the past 26 years, the highest recorded value was 33.2% (2024) and the lowest was 5.4% (2007). Data sourced from the World Bank World Development Indicators.
Nigeria — Inflation, CPI (%, World Bank): 23.0101235833333 annual % for reference year 2025. Source: World Bank (World Development Indicators). Reference year does not establish final observed status; publisher vintage is not verified here.
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2025 | 23.0% | -30.8% |
| 2024 | 33.2% | +34.8% |
| 2023 | 24.7% | +30.8% |
| 2022 | 18.8% | +11.2% |
| 2021 | 17.0% | +28.0% |
| 2020 | 13.2% | +16.2% |
| 2019 | 11.4% | -5.8% |
| 2018 | 12.1% | -26.7% |
| 2017 | 16.5% | +5.1% |
| 2016 | 15.7% | +74.2% |
| 2015 | 9.0% | +12.0% |
| 2014 | 8.0% | -5.3% |
| 2013 | 8.5% | -30.5% |
| 2012 | 12.2% | +12.9% |
| 2011 | 10.8% | -21.2% |
| 2010 | 13.7% | +9.6% |
| 2009 | 12.5% | +8.2% |
| 2008 | 11.6% | +115.1% |
| 2007 | 5.4% | -34.5% |
| 2006 | 8.2% | -53.9% |
| 2005 | 17.9% | +19.1% |
| 2004 | 15.0% | +6.9% |
| 2003 | 14.0% | +9.0% |
| 2002 | 12.9% | -31.8% |
| 2001 | 18.9% | +172.2% |
| 2000 | 6.9% |
Top Countries — Inflation, CPI (%, World Bank)
About This Indicator
Definition
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.
Methodology
Data compiled by International Financial Statistics database, International Monetary Fund (IMF).
Unit
annual %