Nigeria Consumer Price Index
Consumer price index (2010 = 100) FP.CPI.TOTL
Nigeria's consumer price index was 749.58 in 2025, ranked 14th globally. This represents a 7.2% increase from 2024. Data from World Bank, covering 1960–2025.
Overview
Nigeria's consumer price index stood at 749.58 in 2025, a rise of +50.18 from 2024. Based on recent trends, this figure is projected to reach 749.58 by 2025. Nigeria ranked 14th globally.
Nigeria’s Consumer Price Index (CPI) rose from a trough of 0.07 in 1960 to an all‑time peak of 749.58 in 2025, placing the country 14th globally among 66 years of coverage. The steep ascent reflects decades of inflationary pressures, structural adjustments, and currency depreciation, with the most rapid acceleration occurring in the 2010s as fiscal deficits widened and oil price volatility intensified. By contrast, peer Egypt recorded a CPI of 661.74 in the same year, while Sierra Leone’s index reached 793.11, underscoring that Nigeria’s price environment is comparable to other emerging economies facing similar external shocks. The persistent upward trajectory suggests that without decisive monetary tightening, supply‑side reforms, and diversification away from oil dependence, inflationary momentum is likely to remain high, although any stabilization of global commodity markets could temper future CPI growth.
Data & projection
| Year | Consumer Price Index | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 942.28 | - | - |
| 2026* trend | 845.93 | - | - |
| 2025* trend | 749.58 | - | - |
| 2025 | 749.58 | +50.18 | #14 |
| 2024 | 699.39 | +174.49 | #158 |
| 2023 | 524.91 | +103.83 | #163 |
| 2022 | 421.07 | +66.77 | #166 |
| 2021 | 354.30 | +51.36 | #165 |
| 2020 | 302.94 | +35.43 | #164 |
| 2019 | 267.51 | +27.37 | #168 |
| 2018 | 240.14 | +25.91 | #169 |
| 2017 | 214.23 | +30.34 | #170 |
| 2016 | 183.88 | +24.95 | #175 |
| 2015 | 158.93 | +13.14 | #175 |
| 2014 | 145.80 | +10.86 | #173 |
| 2013 | 134.94 | +10.57 | #170 |
| 2012 | 124.37 | +13.55 | #171 |
| 2011 | 110.83 | +10.83 | #165 |
Detected Pattern
Analysis
Nigeria matched the Export Boom Cycle pattern in 2024. Historically, 71% of countries showing this pattern (546 out of 768) saw consumer price index improve within 24 months. View full analysis →
Frequently Asked Questions
Nigeria's consumer price index was 749.58 in 2025. Ranked 14th globally. This represents a 7.2% increase from the previous year.
Nigeria's consumer price index peaked at 749.58 in 2025.
The lowest consumer price index in Nigeria was 0.07 in 1960.
Nigeria ranks 14th globally in consumer price index as of 2025.
The World Bank indicator code is FP.CPI.TOTL. Data sourced from World Bank.
Nigeria's consumer price index is projected to reach 749.58 by 2025 based on trend extrapolation.
The consumer price index of Nigeria in 2025 was 749.58. This ranks 14th in the world.
Cite this page
@misc{historysaid_nigeria_consumer-price-index,
title = {Nigeria Consumer Price Index},
url = {https://historysaid.com/nigeria/consumer-price-index/},
publisher = {HistorySaid},
year = {2026}
}