Nigeria Inflation Data: Rate, CPI, Food, Harmonised
Nigeria Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 594 index points | Aug/23 |
| Food Inflation | 29.34 % | Aug/23 |
| Inflation Rate YoY | 25.8 % | Aug/23 |
| Inflation Rate Mom | 3.18 % | Aug/23 |
| Core Consumer Prices | 485 Index Points | Aug/23 |
| Core Inflation Rate | 21.15 % | Aug/23 |
| CPI Housing Utilities | 484 Index Points | Aug/23 |
| CPI Transportation | 520 Index Points | Aug/23 |
Latest data on Consumer Price Index (CPI) (index points)
What is CPI Index in Nigeria?
- Consumer Price Index in Nigeria increased to 594 index points in August 2023. The maximum level was 384 index points and minimum was 14.36 index points.
- Data published Monthly by National Bureau of Statistics.
Historical Data (index points) by years
Data
Period
Date
| 594 | Aug/23 | 16.09.2023 |
| 575 | Jul/23 | 15.08.2023 |
| 559 | Jun/23 | 17.07.2023 |
| 548 | May/23 | 17.06.2023 |
| 537 | Apr/23 | 15.05.2023 |
| 527 | Mar/23 | 17.04.2023 |
| 517 | Feb/23 | 18.03.2023 |
| 509 | Jan/23 | 18.02.2023 |
Historical Chart by presidents (index points)
Consumer Price Index (CPI) in Nigeria by presidents
| Name | Period | Start Data | End Data | Max Value | Min Value | CHG% Start/End |
|---|---|---|---|---|---|---|
| Muhammadu Buhari | 29.05.2015 - | 234.2000 | 257.3000 | 257.3000 | 234.2000 | 9.86% |
Latest data on Food Inflation (%)
What is Food Inflation in Nigeria?
- Food Inflation in Nigeria increased by 29.34 % in August 2023 over the same month in the previous year. The maximum level was 39.54 % and minimum was -17.5 %.
- Data published Monthly by National Bureau of Statistics.
Historical Data (%) by years
Data
Period
Date
| 29.34 | Aug/23 | 15.09.2023 |
| 26.98 | Jul/23 | 15.08.2023 |
| 25.25 | Jun/23 | 17.07.2023 |
| 24.82 | May/23 | 15.06.2023 |
| 24.61 | Apr/23 | 15.05.2023 |
| 24.45 | Mar/23 | 15.04.2023 |
| 24.35 | Feb/23 | 15.03.2023 |
| 24.32 | Jan/23 | 15.02.2023 |
Historical Chart by YoY presidents (%)
Food Inflation in Nigeria by presidents
| Name | Period | Start Data | End Data | Max Value | Min Value | CHG% Start/End |
|---|---|---|---|---|---|---|
| Muhammadu Buhari | 29.05.2015 - | 19.9100 | 13.4500 | 20.3200 | 13.4500 | -32.45% |
Latest data on Inflation Rate YoY (%)
What is Inflation Rate in Nigeria?
- Inflation Rate in Nigeria increased by 25.8 % in August 2023 over the same month in the previous year. The maximum level was 47.56 % and minimum was -2.49 %.
- Data published Monthly by National Bureau of Statistics.
Historical Data (%) by years
Data
Period
Date
| 25.8 | Aug/23 | 15.09.2023 |
| 24.08 | Jul/23 | 15.08.2023 |
| 22.79 | Jun/23 | 17.07.2023 |
| 22.41 | May/23 | 15.06.2023 |
| 22.22 | Apr/23 | 15.05.2023 |
| 22.04 | Mar/23 | 15.04.2023 |
| 21.91 | Feb/23 | 15.03.2023 |
| 21.82 | Jan/23 | 15.02.2023 |
Historical Chart by YoY presidents (%)
Inflation Rate YoY in Nigeria by presidents
| Name | Period | Start Data | End Data | Max Value | Min Value | CHG% Start/End |
|---|---|---|---|---|---|---|
| Muhammadu Buhari | 29.05.2015 - | 11.6100 | 11.6100 | 11.6100 | 11.6100 | 0.00% |
Latest data on Inflation Rate Mom (%)
What is inflation rate in Nigeria 2024?
- Inflation Rate in Nigeria increased by 3.18 % in August 2023 over the previous month. The maximum level was 8.93 % and minimum was -3.5 %.
- Data published Monthly by National Bureau of Statistics.
Historical Data (%) by years
Data
Period
Date
| 3.18 | Aug/23 | 18.09.2023 |
| 2.89 | Jul/23 | 15.08.2023 |
| 2.13 | Jun/23 | 17.07.2023 |
| 1.94 | May/23 | 15.06.2023 |
| 1.91 | Apr/23 | 15.05.2023 |
| 1.86 | Mar/23 | 17.04.2023 |
| 1.71 | Feb/23 | 15.03.2023 |
| 1.87 | Jan/23 | 15.02.2023 |
Historical Chart by MoM presidents (%)
Inflation Rate Mom in Nigeria by presidents
| Name | Period | Start Data | End Data | Max Value | Min Value | CHG% Start/End |
|---|---|---|---|---|---|---|
| Muhammadu Buhari | 29.05.2015 - | 1.1000 | 1.1000 | 1.1000 | 1.1000 | 0.00% |
Latest data on Core Consumer Prices (Index Points)
What is Core CPI in Nigeria?
- Core Consumer Prices in Nigeria increased to 485 Index Points in August 2023. The maximum level was 334 Index Points and minimum was 69 Index Points.
- Data published Monthly by National Bureau of Statistics.
Historical Data (Index Points) by years
Data
Period
Date
| 485 | Aug/23 | 16.09.2023 |
| 475 | Jul/23 | 15.08.2023 |
| 464 | Jun/23 | 17.07.2023 |
| 457 | May/23 | 15.06.2023 |
| 448 | Apr/23 | 15.05.2023 |
| 442 | Mar/23 | 17.04.2023 |
| 434 | Feb/23 | 15.03.2023 |
| 429 | Jan/23 | 18.02.2023 |
Historical Chart by presidents (Index Points)
Core Consumer Prices in Nigeria by presidents
| Name | Period | Start Data | End Data | Max Value | Min Value | CHG% Start/End |
|---|
Latest data on Core Inflation Rate (%)
What is Nigeria Core Inflation Rate?
- Core Inflation Rate in Nigeria increased by 21.15 % in August 2023. The maximum level was 19.28 % and minimum was 0.49 %.
- Data published Monthly by National Bureau of Statistics.
Historical Data (%) by years
Data
Period
Date
| 21.15 | Aug/23 | 18.09.2023 |
| 20.8 | Jul/23 | 15.08.2023 |
| 20.3 | Jun/23 | 17.07.2023 |
| 20.06 | May/23 | 15.06.2023 |
| 20.14 | Apr/23 | 15.05.2023 |
| 19.86 | Mar/23 | 16.04.2023 |
| 18.84 | Feb/23 | 15.03.2023 |
| 19.16 | Jan/23 | 21.02.2023 |
Historical Chart by YoY presidents (%)
Core Inflation Rate in Nigeria by presidents
| Name | Period | Start Data | End Data | Max Value | Min Value | CHG% Start/End |
|---|
Latest data on CPI Housing Utilities (Index Points)
What is Nigeria CPI Index for Housing Utilities?
- CPI Housing Utilities in Nigeria increased to 484 Index Points in August 2023. The maximum level was 337 Index Points and minimum was 7.8 Index Points.
- Data published Monthly by National Bureau of Statistics.
Historical Data (Index Points) by years
Data
Period
Date
| 484 | Aug/23 | 16.09.2023 |
| 470 | Jul/23 | 15.08.2023 |
| 458 | Jun/23 | 17.07.2023 |
| 450 | May/23 | 17.06.2023 |
| 444 | Apr/23 | 15.05.2023 |
| 438 | Mar/23 | 17.04.2023 |
| 432 | Feb/23 | 15.03.2023 |
| 426 | Jan/23 | 18.02.2023 |
Historical Chart by presidents (Index Points)
CPI Housing Utilities in Nigeria by presidents
| Name | Period | Start Data | End Data | Max Value | Min Value | CHG% Start/End |
|---|
Latest data on CPI Transportation (Index Points)
What is Nigeria CPI Index for Transportation?
- CPI Transportation in Nigeria increased to 520 Index Points in August 2023. The maximum level was 338 Index Points and minimum was 68.5 Index Points.
- Data published Monthly by National Bureau of Statistics.
Historical Data (Index Points) by years
Data
Period
Date
| 520 | Aug/23 | 16.09.2023 |
| 508 | Jul/23 | 15.08.2023 |
| 494 | Jun/23 | 17.07.2023 |
| 483 | May/23 | 17.06.2023 |
| 472 | Apr/23 | 15.05.2023 |
| 462 | Mar/23 | 17.04.2023 |
| 452 | Feb/23 | 15.03.2023 |
| 445 | Jan/23 | 18.02.2023 |
Historical Chart by presidents (Index Points)
CPI Transportation in Nigeria by presidents
| Name | Period | Start Data | End Data | Max Value | Min Value | CHG% Start/End |
|---|
Other inflation indicators in Nigeria
| Index | Updated | Actual | Previous |
| Gasoline Prices | Sep/23 | 0.79 USD/Liter | 0.8 |
| GDP Deflator | 2Q/23 | 294 in. pt. | 289 |
Inflation Rate YoY in other countries
| Country | Updated | Actual | Previous |
| Egypt | Sep/23 | 38 % | 37.4 |
| Kenya | Sep/23 | 6.8 % | 6.7 |
| Madagascar | Jul/23 | 9.5 % | 11.75 |
| Zimbabwe | -7.5 | 26.5 % | 21.6 |
| Tanzania | Sep/23 | 3.3 % | 3.3 |
| Togo | Aug/23 | 3.8 % | 6.4 |
| Tunisia | Sep/23 | 9 % | 9.2 |
| Nigeria | Aug/23 | 25.8 % | 24.08 |
| Sudan | Feb/23 | 63.3 % | 83.6 |
| Morocco | Aug/23 | 5 % | 4.9 |
| Senegal | Aug/23 | 5.3 % | 5.7 |
| Seychelles | Sep/23 | -2.47 % | -2.44 |
| South Africa | Aug/23 | 4.8 % | 4.7 |
| Uganda | Sep/23 | 2.7 % | 3.5 |
| Rwanda | Sep/23 | 18.4 % | 17.4 |
| Liberia | Jul/23 | 11.1 % | 12.36 |
| Zambia | Sep/23 | 12 % | 10.8 |
| Mozambique | Sep/23 | 4.63 % | 4.93 |
| Namibia | Sep/23 | 5.4 % | 4.7 |
| Ghana | Sep/23 | 38.1 % | 40.1 |
| Swaziland | Aug/23 | 4 % | 4.5 |
| Libya | Jul/23 | 2.1 % | 2.4 |
| South Sudan | Aug/23 | -3.1 % | -1.6 |
| Somalia | 2023 | 5.82 % | 5.98 |
| Algeria | Sep/19 | 3.1 % | |
| Angola | Aug/23 | 13.54 % | 12.12 |
| Benin | Aug/23 | 2.1 % | 3.9 |
| Botswana | Aug/23 | 1.2 % | 1.2 |
| Burkina Faso | Sep/23 | -2.6 % | -2 |
| Burundi | Aug/23 | 28.74 % | 24.76 |
| Central African Republic | 2023 | 2.42 % | 2.86 |
| Chad | Aug/23 | 1.9 % | -1.7 |
| Comoros | 2023 | 20.2 % | 19.9 |
| Republic of the Congo | May/18 | 1.1 % | 1.2 |
| Djibouti | Jul/23 | 1.2 % | -5.3 |
| Equatorial Guinea | 2022 | 5 % | -1.3 |
| Eritrea | 2022 | 7.5 % | 4.5 |
| Ethiopia | Aug/23 | 28.2 % | 28.8 |
| Gabon | Aug/23 | 2.9 % | 3.2 |
| Gambia | Aug/23 | 18.41 % | 18.36 |
| Guatemala | Sep/23 | 4.69 % | 4.47 |
| Guinea | Aug/23 | 8 % | 6 |
| Guinea Bissau | Jul/23 | 7.8 % | 8.9 |
| Lesotho | Aug/23 | 5.2 % | 4.5 |
| Malawi | Aug/23 | 28.6 % | 28.4 |
| Mali | Aug/23 | -0.7 % | 0.6 |
| Mauritania | Sep/23 | 3 % | 3.7 |
| Niger | Aug/23 | 4.77 % | 3.05 |
| Sao Tome and Principe | Jun/23 | 25.4 % | 23.2 |
| Sierra Leone | Aug/23 | 50.94 % | 44.98 |
