Annual Inflation Rate of Nigeria

Updated on March 18, 2026.

According to data from the World Bank, the annual inflation rate of Nigeria as measured by the consumer prices index was 33.24% in 2025. A difference of +8.58 (34.79% increase) compared to 2024.

The World Bank defines inflation measured by the consumer price index as "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".

The chart and table below shows the inflation rate of Nigeria for recent years.

You can see similar information for other countries.

Related Topics: World Bank Topic List

Data Source: World Bank.

Annual Inflation Rate of Nigeria (%)

Table of Annual Inflation Rate of Nigeria

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Year	Inflation Rate (%)
1961	5.44
1962	6.28
1963	5.27
1964	-2.69
1965	0.86
1966	4.1
1967	9.69
1968	-3.73
1969	-0.48
1970	10.16
1971	13.76
1972	16
1973	3.46
1974	5.4
1975	12.67
1976	33.96
1977	24.3
1978	15.09
1979	21.71
1980	11.71
1981	9.97
1982	20.81
1983	7.7
1984	23.21
1985	17.82
1986	7.44
1987	5.72
1988	11.29
1989	54.51
1990	50.47
1991	7.36
1992	13.01
1993	44.59
1994	57.17
1995	57.03
1996	72.84
1997	29.27
1998	8.53
1999	10
2000	6.62
2001	6.93
2002	18.87
2003	12.88
2004	14.03
2005	15
2006	17.86
2007	8.23
2008	5.39
2009	11.58
2010	12.54
2011	13.74
2012	10.83
2013	12.22
2014	8.5
2015	8.05
2016	9.01
2017	15.7
2018	16.5
2019	12.1
2020	11.4
2021	13.25
2022	16.95
2023	18.85
2024	24.66
2025	33.24