Nigeria - Inflation
Inflation, consumer prices (annual %)
The value for Inflation, consumer prices (annual %) in Nigeria was 13.72 as of 2010. As the graph below shows, over the past 49 years this indicator reached a maximum value of 72.84 in 1995 and a minimum value of -3.73 in 1967.
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. The Laspeyres formula is generally used.
Source: International Monetary Fund, International Financial Statistics and data files.
See also:
| Year | Value |
|---|---|
| 1961 | 6.28 |
| 1962 | 5.27 |
| 1963 | -2.69 |
| 1964 | 0.86 |
| 1965 | 4.10 |
| 1966 | 9.69 |
| 1967 | -3.73 |
| 1968 | -0.48 |
| 1969 | 10.16 |
| 1970 | 13.76 |
| 1971 | 16.00 |
| 1972 | 3.46 |
| 1973 | 5.40 |
| 1974 | 12.67 |
| 1975 | 33.96 |
| 1976 | 24.30 |
| 1977 | 15.09 |
| 1978 | 21.71 |
| 1979 | 11.71 |
| 1980 | 9.97 |
| 1981 | 20.81 |
| 1982 | 7.70 |
| 1983 | 23.21 |
| 1984 | 17.82 |
| 1985 | 7.44 |
| 1986 | 5.72 |
| 1987 | 11.29 |
| 1988 | 54.51 |
| 1989 | 50.47 |
| 1990 | 7.36 |
| 1991 | 13.01 |
| 1992 | 44.59 |
| 1993 | 57.17 |
| 1994 | 57.03 |
| 1995 | 72.84 |
| 1996 | 29.27 |
| 1997 | 8.53 |
| 1998 | 10.00 |
| 1999 | 6.62 |
| 2000 | 6.93 |
| 2001 | 18.87 |
| 2002 | 12.88 |
| 2003 | 14.03 |
| 2004 | 15.00 |
| 2005 | 17.86 |
| 2006 | 8.24 |
| 2007 | 5.38 |
| 2008 | 11.58 |
| 2009 | 11.54 |
| 2010 | 13.72 |
Inflation, GDP deflator (annual %)
The value for Inflation, GDP deflator (annual %) in Nigeria was 11.56 as of 2010. As the graph below shows, over the past 49 years this indicator reached a maximum value of 83.62 in 1992 and a minimum value of -5.55 in 1998.
Definition: Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1961 | 6.26 |
| 1962 | 5.57 |
| 1963 | -3.09 |
| 1964 | 2.43 |
| 1965 | 0.86 |
| 1966 | 13.19 |
| 1967 | -3.01 |
| 1968 | 1.22 |
| 1969 | 2.71 |
| 1970 | 51.28 |
| 1971 | 1.35 |
| 1972 | 2.89 |
| 1973 | 5.35 |
| 1974 | 43.95 |
| 1975 | 23.50 |
| 1976 | 14.35 |
| 1977 | 10.71 |
| 1978 | 13.91 |
| 1979 | 11.49 |
| 1980 | 12.42 |
| 1981 | 16.21 |
| 1982 | 2.61 |
| 1983 | 16.14 |
| 1984 | 16.95 |
| 1985 | 3.69 |
| 1986 | -1.50 |
| 1987 | 50.08 |
| 1988 | 21.38 |
| 1989 | 44.38 |
| 1990 | 7.16 |
| 1991 | 20.17 |
| 1992 | 83.62 |
| 1993 | 52.64 |
| 1994 | 27.77 |
| 1995 | 55.97 |
| 1996 | 36.90 |
| 1997 | 1.36 |
| 1998 | -5.55 |
| 1999 | 12.29 |
| 2000 | 38.17 |
| 2001 | 10.74 |
| 2002 | 31.47 |
| 2003 | 11.20 |
| 2004 | 20.73 |
| 2005 | 19.76 |
| 2006 | 19.56 |
| 2007 | 4.81 |
| 2008 | 10.97 |
| 2009 | -4.46 |
| 2010 | 11.56 |
Classification
Topic: Financial Sector Indicators
Sub-Topic: Exchange rates & prices
