Key data points
Last release
—
Observation period
Jun 2026
Next release
—
Forecast
—
Highest
47.56 %on Jan 31, 1996
Lowest
−2.49 %on Jan 31, 2000
Details
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 15.91%, and the month before it reached 15.93%. To better understand the dynamics, compare these two values.