CPI: National consumer price index, percentage change from previous in Nigeria

Nigeria: CPI: National consumer price index, percentage change from previous was 23.01 in 2025. ▲ Rising

Latest (2025)
23.01
Change on year
down 30.8%
World rank
11th
of 193 countries
All-time high
33.24
in 2024
All-time low
5.39
in 2007
Years of data
20
2006–2025

CPI: National consumer price index, percentage change from previous in Nigeria, 2006–2025

1020302006201520252006: 8.22007: 5.42008: 11.62009: 12.52010: 13.72011: 10.82012: 12.22013: 8.52014: 8.12015: 92016: 15.72017: 16.52018: 12.12019: 11.42020: 13.22021: 16.92022: 18.92023: 24.72024: 33.22025: 23

Source: International Labour Organization.

Analysis

The most recent figure for cpi: national consumer price index, percentage change from previous in Nigeria is 23.01, measured in 2025.

Compared with earlier readings it is down 30.8% on the previous year and up 155.4% over ten years.

Over the whole period, cpi: national consumer price index, percentage change from previous in Nigeria peaked at 33.24 in 2024 and was at its lowest, 5.39, in 2007.

Nigeria ranks 11th of 193 countries on this measure, in the top 10%.

The long-run direction has been consistently rising across the 20 years of available data.

CPI: National consumer price index, percentage change from previous in Nigeria, year by year

Annual values for CPI: National consumer price index, percentage change from previous year (General - Individual consumption expenditure of households) in Nigeria, 2006 to 2025.
Year Value Change
2006 8.23
2007 5.39 -34.5%
2008 11.58 +114.8%
2009 12.54 +8.3%
2010 13.74 +9.6%
2011 10.83 -21.2%
2012 12.22 +12.8%
2013 8.5 -30.4%
2014 8.05 -5.3%
2015 9.01 +11.9%
2016 15.7 +74.3%
2017 16.5 +5.1%
2018 12.1 -26.7%
2019 11.4 -5.8%
2020 13.25 +16.2%
2021 16.95 +27.9%
2022 18.85 +11.2%
2023 24.66 +30.8%
2024 33.24 +34.8%
2025 23.01 -30.8%

Averages by decade

DecadeAverage LowestHighest Years
2000s 9.44 5.39 12.54 4
2010s 11.8 8.05 16.5 10
2020s 21.66 13.25 33.24 6

Countries ranked near Nigeria

  1. 8 Burundi 34.13 compare
  2. 9 Haiti 28.64 compare
  3. 10 Malawi 28.37 compare
  4. 12 Angola 20.16 compare
  5. 13 Bolivia, Plurinational State of 19.52 compare
  6. 14 Lebanon 14.6 compare

See the full ranking of 193 places →

More work & labour data for Nigeria

All data for Nigeria →

Frequently asked questions

What is cpi: national consumer price index, percentage change from previous in Nigeria?
Cpi: national consumer price index, percentage change from previous in Nigeria was 23.01 in 2025, according to International Labour Organization.
What is the highest cpi: national consumer price index, percentage change from previous recorded in Nigeria?
The highest recorded value was 33.24 in 2024.
What is the lowest cpi: national consumer price index, percentage change from previous recorded in Nigeria?
The lowest recorded value was 5.39 in 2007.
How does Nigeria rank for cpi: national consumer price index, percentage change from previous?
Nigeria ranks 11th out of 193 countries with data for 2025.
Is cpi: national consumer price index, percentage change from previous rising or falling in Nigeria?
Over the last ten years it is up 155.4%. The long-run trend across the full record is rising.
Where does this Nigeria data come from?
The figures come from International Labour Organization, published as part of CPI: National consumer price index, percentage change from previous year (General - Individual consumption expenditure of households). Statizoid updates them automatically from the source API.

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CPI: National consumer price index, percentage change from previous in Nigeria. Statizoid, drawing on International Labour Organization. Retrieved 07 September 2026, from https://labour.statizoid.com/stat/cpi-national-consumer-price-index-percentage-change-from-previous-year-general-individual/nigeria/

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About this data

Indicator
CPI: National consumer price index, percentage change from previous year (General - Individual consumption expenditure of households)
Source
International Labour Organization
Licence
ILO Terms of Use (attribution required)
Coverage
193 places, 5,522 data points, 1915–2025
Last refreshed

This indicator shows the percentage change of the CPI between a period and the same period of the previous year. 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.