Nigeria - Inflation, consumer prices (annual %)

The value for Inflation, consumer prices (annual %) in Nigeria was 11.40 as of 2019. As the graph below shows, over the past 59 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
1960 5.44
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 8.23
2007 5.39
2008 11.58
2009 12.55
2010 13.72
2011 10.84
2012 12.22
2013 8.48
2014 8.06
2015 9.01
2016 15.68
2017 16.52
2018 12.09
2019 11.40

Aggregation method: Median

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Exchange rates & prices