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Nigeria Consumer Price Index CPI Growth

1961 - 2025 | Monthly | % | CEIC Data

Key information about Nigeria Consumer Price Index CPI growth

  • Nigeria Consumer Price Index (CPI) growth was measured at 23.2 % YoY in Feb 2025, compared with a rate of 24.5 % in the previous month.
  • Nigeria Consumer Price Index growth data is updated monthly, available from Jan 1961 to Feb 2025, with an averaged number of 12.6 % YoY.
  • The data reached an all-time high of 89.6 % YoY in Jun 1995 and a record low of -7.8 % YoY in Oct 1967.

CEIC calculates Consumer Price Index Growth from monthly Consumer Price Index. The National Bureau of Statistics provides Consumer Price Index with base 2024=100. Consumer Price Index Growth prior to January 1996 is sourced from the International Monetary Fund.

View Nigeria's Consumer Price Index CPI Growth from Jan 1961 to Feb 2025 in the chart:

Nigeria Consumer Price Index CPI Growth

What was Nigeria's Consumer Price Index CPI Growth in Feb 2025?

Nigeria Consumer Price Index (CPI) growth was measured at 23.2 % YoY in Feb 2025, compared with a rate of 24.5 % in the previous month. See the table below for more data.

Last Previous Min Max Unit Frequency Range
23.2 Feb 2025 24.5 Jan 2025 -7.8 Oct 1967 89.6 Jun 1995 % monthly Jan 1961 - Feb 2025

Consumer Price Index CPI Growth by Country Comparison

country/region Last Frequency Range
Albania (%) 4.2 Jul 2023 monthly Jan 1992 - Jul 2023
Algeria (%) 3.7 Jan 2025 monthly Jan 1975 - Jan 2025
Argentina (%) 84.5 Jan 2025 monthly Dec 2017 - Jan 2025
Armenia (%) 2.5 Feb 2025 monthly Dec 1993 - Feb 2025
Australia (%) 2.4 Dec 2024 quarterly Dec 1987 - Dec 2024
Austria (%) 3.2 Feb 2025 monthly Jan 1949 - Feb 2025
Azerbaijan (%) 9.4 Jul 2023 monthly Jan 1992 - Jul 2023
Bahrain (%) 0.4 Jun 2023 monthly Aug 2008 - Jun 2023
Bangladesh (%) 9.3 Mar 2023 monthly Jul 1994 - Mar 2023
Belarus (%) 3.5 May 2023 monthly Jan 1992 - May 2023
Belgium (%) 5.6 Apr 2023 monthly Jan 1921 - Apr 2023
Bolivia (%) 13.2 Feb 2025 monthly Jan 1938 - Feb 2025
Bosnia and Herzegovina (%) 10.3 Mar 2023 monthly Jan 2006 - Mar 2023
Botswana (%) 2.6 Feb 2025 monthly Jun 1975 - Feb 2025
Brazil (%) 5.1 Feb 2025 monthly Dec 1980 - Feb 2025
Brunei (%) 0.8 May 2023 monthly Jan 2001 - May 2023
Bulgaria (%) 4.0 Feb 2025 monthly May 1991 - Feb 2025
Cambodia (%) 4.7 Feb 2025 monthly Oct 1995 - Feb 2025
Canada (%) 2.6 Feb 2025 monthly Jan 1993 - Feb 2025
Chile (%) 6.5 Jul 2023 monthly Jan 1971 - Jul 2023
China (%) -0.7 Feb 2025 monthly Jan 1985 - Feb 2025
Colombia (%) 5.3 Feb 2025 monthly Jul 1955 - Feb 2025
Croatia (%) 3.7 Feb 2025 monthly Jan 1987 - Feb 2025
Cyprus (%) 1.5 Jul 2023 monthly Jan 1958 - Jul 2023
Czech Republic (%) 8.8 Jul 2023 monthly Jan 1994 - Jul 2023
Denmark (%) 3.1 Jul 2023 monthly Jan 1968 - Jul 2023
Ecuador (%) 2.1 Jul 2023 monthly Jan 1958 - Jul 2023
Egypt (%) 12.8 Feb 2025 monthly Jan 1958 - Feb 2025
Estonia (%) 5.3 Feb 2025 monthly Jan 1993 - Feb 2025
European Union (%) 2.7 Feb 2025 monthly Jan 1997 - Feb 2025
Finland (%) 6.5 Jul 2023 monthly Jan 1980 - Jul 2023
France (%) 0.8 Feb 2025 monthly Jan 1991 - Feb 2025
Georgia (%) 0.3 Jul 2023 monthly Jan 1995 - Jul 2023
Germany (%) 2.2 Feb 2025 monthly Jun 1949 - Feb 2025
Ghana (%) 23.1 Feb 2025 monthly Mar 1964 - Feb 2025
Greece (%) 2.5 Feb 2025 monthly Jan 1956 - Feb 2025
Hong Kong SAR, China (%) 1.7 Feb 2025 monthly Oct 2000 - Feb 2025
Hungary (%) 5.6 Feb 2025 monthly Jan 1977 - Feb 2025
Iceland (%) 4.2 Feb 2025 monthly Jan 1977 - Feb 2025
India (%) 3.6 Feb 2025 monthly Jan 1958 - Feb 2025
Indonesia (%) 3.1 Jul 2023 monthly Jan 1969 - Jul 2023
Iran (%) 35.4 Feb 2025 monthly Jan 1958 - Feb 2025
Ireland (%) 1.7 Feb 2025 monthly Nov 1976 - Feb 2025
Israel (%) 3.5 Feb 2025 monthly Jan 1993 - Feb 2025
Italy (%) 1.6 Feb 2025 monthly Jan 1956 - Feb 2025
Ivory Coast (%) 2.6 Nov 2024 monthly Jan 1961 - Nov 2024
Japan (%) 3.6 Feb 2025 monthly Jan 1996 - Feb 2025
Jordan (%) 0.9 Jul 2023 monthly Jan 1999 - Jul 2023
Kazakhstan (%) 14.0 Jul 2023 monthly Jan 1994 - Jul 2023
Kenya (%) 3.0 Dec 2024 monthly Mar 1963 - Dec 2024
South Korea (%) 2.3 Jul 2023 monthly Aug 1952 - Jul 2023
Kosovo (%) 1.7 Feb 2025 monthly May 2003 - Feb 2025
Kuwait (%) 2.5 Jan 2025 monthly Jul 1992 - Jan 2025
Kyrgyzstan (%) 7.0 Feb 2025 monthly Jan 1996 - Feb 2025
Laos (%) 12.7 Feb 2025 monthly May 1994 - Feb 2025
Latvia (%) 3.7 Feb 2025 monthly Jan 1992 - Feb 2025
Lebanon (%) 268.8 Apr 2023 monthly Dec 2008 - Apr 2023
Lithuania (%) 7.4 Jul 2023 monthly Dec 1991 - Jul 2023
Luxembourg (%) 1.7 Feb 2025 monthly Jan 1956 - Feb 2025
Macau SAR, China (%) 0.6 Jan 2025 monthly Jan 1989 - Jan 2025
North Macedonia (%) 5.0 Feb 2025 monthly Jan 1994 - Feb 2025
Malawi (%) 28.5 Jan 2025 monthly Jan 1981 - Jan 2025
Malaysia (%) 1.7 Jan 2025 monthly Jan 1958 - Jan 2025
Malta (%) 2.0 Feb 2025 monthly Jan 1997 - Feb 2025
Mauritius (%) 0.1 Feb 2025 monthly Jul 1963 - Feb 2025
Mexico (%) 3.8 Feb 2025 monthly Jan 1958 - Feb 2025
Moldova (%) 10.8 Jul 2023 monthly Jan 1992 - Jul 2023
Mongolia (%) 9.6 Jan 2025 monthly Oct 1992 - Jan 2025
Montenegro (%) 6.9 Jul 2023 monthly Jan 2008 - Jul 2023
Morocco (%) 2.0 Jan 2025 monthly Jan 1958 - Jan 2025
Mozambique (%) 9.6 Apr 2023 monthly Dec 1996 - Apr 2023
Myanmar (%) 25.3 Mar 2024 monthly Oct 2008 - Mar 2024
Nepal (%) 4.2 Feb 2025 monthly Jul 1964 - Feb 2025
Netherlands (%) 3.8 Feb 2025 monthly Jan 1958 - Feb 2025
New Zealand (%) 6.7 Mar 2023 quarterly Jun 1915 - Mar 2023
Nigeria (%) 23.2 Feb 2025 monthly Jan 1961 - Feb 2025
Norway (%) 3.5 Feb 2025 monthly Jan 1986 - Feb 2025
Oman (%) 1.6 Mar 2023 monthly Jan 2002 - Mar 2023
Pakistan (%) 1.5 Feb 2025 monthly Jan 1958 - Feb 2025
Palestinian Territory (%) 3.9 May 2023 monthly Jan 1997 - May 2023
Panama (%) -0.2 Jan 2025 monthly Jul 1975 - Jan 2025
Paraguay (%) 4.3 Feb 2025 monthly Jan 1958 - Feb 2025
Peru (%) 1.5 Feb 2025 monthly Jan 1958 - Feb 2025
Philippines (%) 2.1 Feb 2025 monthly Jan 1958 - Feb 2025
Poland (%) 4.9 Feb 2025 monthly Jan 1989 - Feb 2025
Portugal (%) 2.4 Feb 2025 monthly Jan 1949 - Feb 2025
Qatar (%) -1.1 Jan 2025 monthly Mar 2015 - Jan 2025
Romania (%) 9.4 Jul 2023 monthly Oct 1991 - Jul 2023
Russia (%) 4.3 Jul 2023 monthly Jan 1993 - Jul 2023
Saudi Arabia (%) 2.0 Jan 2025 monthly Feb 1981 - Jan 2025
Serbia (%) 12.5 Jul 2023 monthly Feb 1995 - Jul 2023
Singapore (%) 5.7 Apr 2023 monthly Jan 1962 - Apr 2023
Slovakia (%) 9.7 Jul 2023 monthly Jan 1992 - Jul 2023
Slovenia (%) 1.6 Feb 2025 monthly Jan 1981 - Feb 2025
South Africa (%) 6.8 Apr 2023 monthly Jan 1958 - Apr 2023
Spain (%) 3.0 Feb 2025 monthly Mar 1955 - Feb 2025
Sri Lanka (%) -4.0 Jan 2025 monthly Jan 1960 - Jan 2025
Sudan (%) 63.3 Feb 2023 monthly Jan 1958 - Feb 2023
Sweden (%) 9.3 Jul 2023 monthly Jan 1956 - Jul 2023
Switzerland (%) -0.5 Jan 2021 monthly Jan 1922 - Jan 2021

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Nigeria Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -5.7 Sep 2024 quarterly Dec 2010 - Sep 2024
Consolidated Fiscal Balance (USD mn) -2,078.997 Sep 2024 quarterly Mar 2005 - Sep 2024
National Government Debt (USD mn) 86,261.2 Sep 2024 quarterly Dec 2006 - Sep 2024
Government Debt: % of GDP (%) 53.8 Sep 2024 quarterly Dec 2010 - Sep 2024
Forecast: Government Expenditure (NGN bn) 100,505.650 2029 yearly 1990 - 2029
Forecast: Government Net Debt (NGN bn) 285,181.495 2029 yearly 1990 - 2029
Forecast: Government Revenue (NGN bn) 72,588.069 2029 yearly 1990 - 2029
Federal Govt Balance (NGN bn) -3,301.610 Sep 2024 quarterly Mar 2005 - Sep 2024
Federal Govt Expenditure: Recurrent (NGN bn) 3,732.590 Sep 2024 quarterly Mar 2005 - Sep 2024
Gross Federation Account Revenue (NGN bn) 6,865.840 Sep 2024 quarterly Mar 2005 - Sep 2024
Federal Govt Revenue (NGN bn) 2,282.540 Sep 2024 quarterly Mar 2005 - Sep 2024
Federal Govt Expenditure: Capital (NGN bn) 1,415.860 Sep 2024 quarterly Mar 2005 - Sep 2024
Federal Govt Expenditure (NGN bn) 5,584.150 Sep 2024 quarterly Mar 2005 - Sep 2024
Gross Federation Account Revenue: Oil (NGN bn) 1,304.960 Sep 2024 quarterly Mar 2005 - Sep 2024
Government Debt: Domestic (NGN bn) 69,219.806 Sep 2024 quarterly Dec 2005 - Sep 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) -1.879 2028 yearly 1991 - 2028
Trade Balance (USD mn) 1,027.6 Sep 2024 monthly Jan 2003 - Sep 2024
Total Exports (USD mn) 3,738.1 Sep 2024 monthly Jan 2003 - Sep 2024
Total Exports Growth (%) 56.4 Sep 2024 monthly Jan 2004 - Sep 2024
Aluminum: Exports (USD th) 187,832.450 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 1,530.686 2023 yearly 1995 - 2023
Exports: Medicinal and Pharmaceutical Product (USD th) 329.199 2023 yearly 1995 - 2023
Total Imports (USD mn) 2,989.3 Mar 2023 monthly Jan 2003 - Mar 2023
Total Imports Growth (%) 62.9 Sep 2024 monthly Jan 2004 - Sep 2024
Imports: Medicament (USD th) 614,222.259 2023 yearly 1995 - 2023
Imports: Medicinal and Pharmaceutical Product (USD th) 227,440.624 2023 yearly 1995 - 2023
Total Exports to USA (USD mn) 124.857 Sep 2024 monthly Jan 2003 - Sep 2024
Total Imports from USA (USD mn) 275.937 Sep 2024 monthly Dec 2009 - Sep 2024
Total Exports to China (USD mn) 105.763 Sep 2024 monthly Jan 2007 - Sep 2024
Total Imports from China (USD mn) 802.488 Sep 2024 monthly Jan 2007 - Sep 2024
Imports (NGN mn) 4,384,900.258 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: Crude Oil (NGN mn) 3,905,247.850 Sep 2024 monthly Jan 2003 - Sep 2024
Total Trade (NGN mn) 10,432,090.965 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Growth Rate: MoM (%) -17.535 Sep 2024 monthly Jan 2019 - Sep 2024
Exports: Growth Rate: MoM (%) -17.669 Sep 2024 monthly Jan 2019 - Sep 2024
Exports: Europe: ow Netherlands (NGN mn) 261,930.167 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: America: ow USA (NGN mn) 201,983.472 Sep 2024 monthly Jan 2003 - Sep 2024
Exports (NGN mn) 6,047,190.706 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: Europe: ow UK (NGN mn) 180,704.134 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: Vegetable Products (NGN mn) 786,963.687 2023 yearly 2003 - 2023
Exports: Mineral Products (NGN mn) 33,075,147.443 2023 yearly 2003 - 2023
Exports: Plastic and Articles Thereof, Rubber and Articles Thereof (NGN mn) 53,170.162 2023 yearly 2003 - 2023
Imports: Europe: ow Netherlands (NGN mn) 201,091.335 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Asia: ow China (NGN mn) 1,298,198.961 Sep 2024 monthly Jan 2007 - Sep 2024
Imports: Europe: ow Germany (NGN mn) 135,143.103 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Europe: ow UK (NGN mn) 134,085.602 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: America: ow USA (NGN mn) 446,388.165 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Manufactured Goods (NGN mn) 488,494.173 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Mineral Fuels, Lubricants and Related Materials (NGN mn) 1,024,863.121 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Machinery and Transport Equipment (NGN mn) 1,432,150.870 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Chemicals and Chemical Products (NGN mn) 614,100.231 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Food and Live Animals (NGN mn) 455,343.676 Sep 2024 monthly Jan 2003 - Sep 2024
Export Value Index (2015=100) 93.461 2021 yearly 1980 - 2021
Import Value Index (2015=100) 116.198 2021 yearly 1980 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) -831.3 Jun 2024 quarterly Mar 2008 - Jun 2024
Current Account Balance (USD mn) 5,142.5 Jun 2024 quarterly Mar 2014 - Jun 2024
Current Account Balance: % of GDP (%) 11.5 Jun 2024 quarterly Mar 2014 - Jun 2024
Foreign Direct Investment (USD mn) 1,197.6 Mar 2023 quarterly Mar 2014 - Mar 2023
Foreign Direct Investment: % of GDP (%) 1.3 Sep 2024 quarterly Mar 2010 - Sep 2024
Foreign Portfolio Investment (USD mn) 4,416.719 Jun 2024 quarterly Mar 2008 - Jun 2024
Foreign Portfolio Investment: % of GDP (%) 4.3 Sep 2024 quarterly Mar 2010 - Sep 2024
Foreign Portfolio Investment: Equity Securities (USD mn) -309.3 Jun 2024 quarterly Mar 2008 - Jun 2024
Foreign Portfolio Investment: Debt Securities (USD mn) 4,726.039 Jun 2024 quarterly Mar 2008 - Jun 2024
External Debt (USD mn) 43,026.6 Sep 2024 quarterly Dec 2006 - Sep 2024
External Debt: % of GDP (%) 11.9 2023 yearly 1985 - 2023
External Debt: Short Term (USD mn) 1,005.6 2020 yearly 2008 - 2020
External Debt: Short Term: % of GDP (%) 0.2 2020 yearly 2008 - 2020
Forecast: Current Account Balance (USD bn) -5.481 2029 yearly 1980 - 2029
Net International Investment Position (USD mn) -86,263.760 2023 yearly 2005 - 2023
External Debt: Service Payments (USD mn) 194.440 Dec 2018 quarterly Mar 2008 - Dec 2018
External Debt: Government (USD mn) 43,026.550 Sep 2024 quarterly Dec 2006 - Sep 2024
External Debt: Government: International Capital Market (USD mn) 15,118.350 Sep 2024 quarterly Mar 2011 - Sep 2024
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 6.1 2019 yearly 2003 - 2019
Non-Performing Loans (USD mn) 3,315.011 Mar 2021 quarterly Mar 2007 - Mar 2021
Money Supply M1 (USD mn) 24,967.124 Jan 2025 monthly Nov 1992 - Jan 2025
Money Supply M2 (USD mn) 75,096.954 Jan 2025 monthly Nov 1992 - Jan 2025
M2 Growth (%) 18.3 Jan 2025 monthly Nov 1993 - Jan 2025
Reserve Requirement Ratio (%) 50.0 Feb 2025 monthly Nov 2005 - Feb 2025
Foreign Exchange Reserves (USD mn) 40,380.0 Nov 2024 monthly Jan 1960 - Nov 2024
Foreign Exchange Reserves: % of GDP (%) 18.573 Sep 2024 quarterly Dec 2010 - Sep 2024
Foreign Exchange Reserves: Months of Import (NA) 14.5 Sep 2024 monthly Jan 2003 - Sep 2024
Gold Reserves (USD mn) 1,599.957 Jun 2024 monthly Dec 1950 - Jun 2024
Total Deposits (USD mn) 84,213.801 Dec 2019 monthly Nov 1992 - Dec 2019
Total Deposits Growth (%) 2.6 Dec 2019 monthly Nov 1993 - Dec 2019
Domestic Credit (USD mn) 67,269.4 Jan 2025 monthly Nov 1992 - Jan 2025
Domestic Credit Growth (%) -0.6 Jan 2025 monthly Nov 1993 - Jan 2025
Private Debt: % of Nominal GDP (%) 20.83 Jun 2024 quarterly Dec 2010 - Jun 2024
Monetary Survey: Liabilities: Base Money (NGN mn) 32,659,076.490 Jan 2025 monthly Jan 1993 - Jan 2025
Monetary Survey: Liabilities: M2: M1 (NGN mn) 36,894,418.660 Jan 2025 monthly Nov 1992 - Jan 2025
Monetary Survey: Liabilities: M3 (NGN mn) 35,345,802.020 Jun 2020 monthly Nov 1992 - Jun 2020
Monetary Survey: Liabilities: M2 (NGN mn) 110,972,270.500 Jan 2025 monthly Nov 1992 - Jan 2025
Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) 74,077,851.830 Jan 2025 monthly Nov 1992 - Jan 2025
Non Performing Loans to Gross Loans (%) 4.140 Jun 2023 semiannually Dec 2003 - Jun 2023
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) 4.4 Nov 2024 monthly Jul 2015 - Nov 2024

More Indicators for Nigeria

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