Key data points
Last release
—
Observation period
Aug 2024
Next release
—
Forecast
—
Highest
47.56% on Jan 31, 1996
Lowest
−2.49% on Jan 31, 2000
About Nigeria inflation rate YoY
In Nigeria, the Consumer Price Index (CPI) measures the change over time in prices of 740 goods and services consumed by people for day-to-day living. The index weights are based on expenditures of both urban and rural households in the 36 states. The most important categories in the CPI are: Food & Non-alcoholic Beverages (52% of the total weight), Housing, Water, Electricity, Gas & Other Fuel (17%), Clothing & Footwear (8%). Transports account for 7% and Furnishings & Household Equipment Maintenance for 5%. Others include: Education (4%); Health (3%); Miscellaneous Goods and Services (2%); Restaurants and Hotels (1%); Alcoholic Beverages, Tobacco & Kola (1%); Recreation & Culture (1%); and Communications (1%).
Related indicators
Frequently Asked Questions
The highest figure Nigeria inflation rate YoY has ever reached is 47.56%.
The lowest ever Nigeria inflation rate YoY is −2.49%.
Last month Nigeria inflation rate YoY was 32.15%, and the month before that it amounted to 33.40%.