CPI: National consumer price index, country weights in Nigeria
Nigeria: CPI: National consumer price index, country weights was 51.8 in 2024. ▬ Flat
CPI: National consumer price index, country weights in Nigeria, 2005–2024
Source: International Labour Organization.
Analysis
Nigeria recorded 51.8 for cpi: national consumer price index, country weights in 2024. That is the lowest value across all 20 years on record.
That represents a change of unchanged over ten years.
Over the whole period, cpi: national consumer price index, country weights in Nigeria peaked at 51.81 in 2005 and was at its lowest, 51.8, in 2009.
That places Nigeria 16th out of 172 countries with data for 2024, putting it in the top 10%.
CPI: National consumer price index, country weights in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 51.81 | — |
| 2006 | 51.81 | +0.0% |
| 2007 | 51.81 | +0.0% |
| 2008 | 51.81 | +0.0% |
| 2009 | 51.8 | -0.0% |
| 2010 | 51.8 | +0.0% |
| 2011 | 51.8 | +0.0% |
| 2012 | 51.8 | +0.0% |
| 2013 | 51.8 | +0.0% |
| 2014 | 51.8 | +0.0% |
| 2015 | 51.8 | +0.0% |
| 2016 | 51.8 | +0.0% |
| 2017 | 51.8 | +0.0% |
| 2018 | 51.8 | +0.0% |
| 2019 | 51.8 | +0.0% |
| 2020 | 51.8 | +0.0% |
| 2021 | 51.8 | +0.0% |
| 2022 | 51.8 | +0.0% |
| 2023 | 51.8 | +0.0% |
| 2024 | 51.8 | +0.0% |
Nigeria compared with similar countries
- Nigeria's 51.8 is above the median for lower middle income countries, which is 37.96, 1.4× the median. (42 countries reporting)
- Nigeria's 51.8 is above the median for Sub-Saharan Africa, which is 40.29, 1.3× the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 51.81 | 51.8 | 51.81 | 5 |
| 2010s | 51.8 | 51.8 | 51.8 | 10 |
| 2020s | 51.8 | 51.8 | 51.8 | 5 |
Countries ranked near Nigeria
More work & labour data for Nigeria
- Population - Est. & Proj. — Total Population - Both sexes, annual 0.0306 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Male, annual growth 0.0025 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Female, annual growth 0.0591 % change on previous year (2100)
- Population - Est. & Proj. — Rural population, annual growth rate 0.3624 % change on previous year (2050)
- Population - Est. & Proj. — Urban population, annual growth rate 2.71 % change on previous year (2050)
- Population - Est. & Proj. — Urban population 287,130 1000 No (2050)
- Population - Est. & Proj. — Rural population 123,508 1000 No (2050)
- Population - Est. & Proj. — Total Population - Female 237,227 1000 No (2100)
- Population - Est. & Proj. — Total Population - Male 239,521 1000 No (2100)
- Population - Est. & Proj. — Total Population - Both sexes 476,748 1000 No (2100)
Frequently asked questions
- What is cpi: national consumer price index, country weights in Nigeria?
- Cpi: national consumer price index, country weights in Nigeria was 51.8 in 2024, according to International Labour Organization.
- What is the highest cpi: national consumer price index, country weights recorded in Nigeria?
- The highest recorded value was 51.81 in 2005.
- What is the lowest cpi: national consumer price index, country weights recorded in Nigeria?
- The lowest recorded value was 51.8 in 2009.
- How does Nigeria rank for cpi: national consumer price index, country weights?
- Nigeria ranks 16th out of 172 countries with data for 2024.
- Is cpi: national consumer price index, country weights rising or falling in Nigeria?
- Over the last ten years it is unchanged. The long-run trend across the full record is flat.
- Where does this Nigeria data come from?
- The figures come from International Labour Organization, published as part of CPI: National consumer price index, country weights (1. Food and non-alcoholic beverages). Statizoid updates them automatically from the source API.
Download this data
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About this data
The weights are meant to reflect the relative importance of the goods and services as measured by their shares in the total consumption of households. Data are disaggregated by the Classification of Individual Consumption According to Purpose (COICOP). For more information, refer to the Prices, Costs, and Currency Conversions (PRICES) database description.