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Nigeria - Consumer Price Index 2023

Name: Nigeria Consumer Price Index 2023
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Consumer price index (2010 = 100) · World Bank

524.91 +103.83 from 2022 Global rank: 163rd

Nigeria's consumer price index was 524.91 in 2023, increased +103.83 from 421.07 in 2022. This was the 163rd highest globally.

Global Ranking - 2023▾

Consumer Price Index by Country - 2023
Rank	Country	Value	YoY
1st	Switzerland	104.40	2.1%
2nd	Brunei Darussalam	106.86	0.4%
3rd	St. Kitts and Nevis	110.82	3.6%
4th	Japan	111.36	3.3%
5th	Grenada	114.38	2.7%
6th	Greece	115.61	3.5%
7th	Cyprus	117.11	3.5%
8th	Dominica	117.95	5.1%
9th	Israel	118.76	4.2%
10th	Oman	119.40	1.0%
11th	Bahrain	119.59	0.1%
12th	United Arab Emirates	120.21	1.6%
13th	Benin	120.83	2.7%
14th	Kiribati	121.13	9.3%
15th	Thailand	121.34	8.5%
16th	Belize	121.73	4.4%
17th	St. Lucia	123.33	4.1%
18th	St. Vincent and the Grenadines	123.41	4.6%
19th	France	124.03	4.9%
20th	West Bank and Gaza	124.19	5.9%
21st	Qatar	124.44	3.0%
22nd	Ireland	124.59	6.3%
23rd	Denmark	125.57	3.3%
24th	Portugal	125.99	4.3%
25th	Niger	126.25	3.7%
26th	Cabo Verde	126.77	3.7%
27th	Mali	126.97	2.1%
28th	San Marino	127.37	5.9%
29th	Panama	127.50	1.5%
30th	El Salvador	127.88	4.0%
31st	Spain	127.96	3.5%
32nd	Bosnia and Herzegovina	128.06	6.1%
33rd	Morocco	128.34	6.1%
34th	Italy	128.62	5.6%
35th	Korea	129.20	3.6%
36th	Malta	129.29	5.1%
37th	Singapore	130.05	4.8%
38th	Bahamas, The	130.20	3.1%
39th	Malaysia	130.38	2.5%
40th	Ecuador	131.02	2.2%
41st	Finland	131.04	6.3%
42nd	Luxembourg	131.23	3.7%
43rd	Burkina Faso	131.76	0.7%
44th	Germany	131.89	5.9%
45th	Djibouti	132.20	1.5%
46th	China	132.23	0.2%
47th	Slovenia	132.28	7.4%
48th	Senegal	133.03	5.9%
49th	Côte d'Ivoire	133.32	4.4%
50th	Sweden	133.47	8.5%
51st	Saudi Arabia	133.48	2.3%
52nd	Antigua and Barbuda	133.94	5.1%
53rd	Guyana	134.48	2.8%
54th	Croatia	134.88	7.9%
55th	Canada	134.90	3.9%
56th	Gabon	135.71	3.6%
57th	Jordan	135.90	2.1%
58th	Guinea-Bissau	136.56	7.1%
59th	Togo	136.73	5.5%
60th	New Zealand	136.86	5.7%
61st	Netherlands	137.67	3.8%
62nd	Fiji	137.80	2.3%
63rd	Belgium	137.82	4.0%
64th	Albania	138.02	4.8%
65th	Congo, Republic of	138.81	4.3%
66th	United States	139.74	4.1%
67th	Iraq	139.78	4.4%
68th	Australia	139.88	5.6%
69th	Equatorial Guinea	140.28	2.9%
70th	Norway	140.68	5.5%
71st	Cameroon	141.82	7.4%
72nd	Hong Kong SAR, China	142.61	2.1%
73rd	Maldives	142.64	2.9%
74th	United Kingdom	142.74	6.8%
75th	Samoa	142.91	7.9%
76th	Chad	143.05	10.8%
77th	Kosovo	143.17	4.9%
78th	Costa Rica	143.70	0.5%
79th	Austria	143.95	7.8%
80th	Kuwait	144.07	3.6%
81st	Comoros	145.57	8.4%
82nd	Montenegro	146.37	8.6%
83rd	Seychelles	146.63	-1.0%
84th	Macao SAR, China	147.47	0.5%
85th	North Macedonia	147.96	9.4%
86th	Cambodia	148.31	2.1%
87th	Vanuatu	149.76	11.2%
88th	Slovak Republic	151.17	10.5%
89th	Bulgaria	151.67	9.4%
90th	Solomon Islands	152.90	5.9%
91st	Latvia	154.57	8.9%
92nd	Philippines	154.69	6.0%
93rd	Armenia	155.26	2.0%
94th	Bolivia, Plurinational State of	157.40	2.6%
95th	Palau	157.92	12.8%
96th	Poland	158.16	11.5%
97th	Czechia	158.92	10.7%
98th	Peru	159.82	6.5%
99th	Tonga	159.99	6.4%
100th	Trinidad and Tobago	162.76	4.6%
101st	Iceland	163.20	8.7%
102nd	Lithuania	163.81	9.1%
103rd	Mauritius	164.40	7.1%
104th	Mauritania	164.57	5.0%
105th	Estonia	165.86	9.2%
106th	Romania	167.66	10.4%
107th	Indonesia	169.05	3.7%
108th	Dominican Republic	169.29	4.8%
109th	Chile	170.65	7.6%
110th	Barbados	170.89	9.8%
111th	Guatemala	174.59	6.2%
112th	Central African Republic	175.01	3.0%
113th	Mexico	176.12	5.5%
114th	Paraguay	176.15	4.6%
115th	Georgia	176.62	2.5%
116th	Hungary	177.34	17.1%
117th	Timor-Leste	177.45	8.4%
118th	Afghanistan	180.45	-4.6%
119th	Viet Nam	183.07	3.3%
120th	Papua New Guinea	183.95	2.3%
121st	Colombia	184.12	11.7%
122nd	Namibia	187.91	5.9%
123rd	Honduras	189.12	6.7%
124th	Serbia	191.57	12.4%
125th	Botswana	191.98	5.1%
126th	South Africa	194.90	6.1%
127th	Algeria	198.55	9.3%
128th	Lesotho	199.78	6.3%
129th	Tunisia	205.37	9.3%
130th	Uganda	209.93	5.4%
131st	Nicaragua	211.98	8.4%
132nd	Bhutan	212.18	4.2%
133rd	Jamaica	212.67	6.5%
134th	Azerbaijan	212.96	8.8%
135th	Brazil	213.88	4.6%
136th	India	216.86	5.6%
137th	Tanzania	217.43	3.8%
138th	Rwanda	233.04	19.8%
139th	Kyrgyz Republic	233.71	10.8%
140th	Nepal	236.93	7.1%
141st	Bangladesh	237.20	9.9%
142nd	Mozambique	237.22	7.1%
143rd	Lao PDR	239.07	31.2%
144th	Russian Federation	240.07	5.9%
145th	Madagascar	241.51	9.9%
146th	Kenya	246.30	7.7%
147th	Gambia, The	256.27	17.0%
148th	Moldova	264.66	13.4%
149th	Mongolia	276.99	10.3%
150th	Uruguay	277.19	5.9%
151st	Libya	278.26	2.4%
152nd	Kazakhstan	288.04	14.7%
153rd	Sri Lanka	308.29	16.5%
154th	Burundi	319.52	26.9%
155th	São Tomé and Principe	338.81	21.3%
156th	Pakistan	343.42	30.8%
157th	Zambia	369.00	10.9%
158th	Guinea	389.95	7.8%
159th	Liberia	423.15	10.1%
160th	Ukraine	429.19	12.8%
161st	Uzbekistan	435.05	10.0%
162nd	Egypt, Arab Republic of	486.34	33.9%
163rd	Nigeria	524.91	24.7%
164th	Sierra Leone	558.17	47.6%
165th	Haiti	559.74	36.8%
166th	Ghana	609.97	38.1%
167th	Belarus	710.46	5.0%
168th	Malawi	773.94	28.8%
169th	Angola	804.97	13.6%
170th	Türkiye	834.59	53.9%
171st	Suriname	1,461.62	51.6%
172nd	Iran, Islamic Republic of	2,140.22	44.6%
173rd	Lebanon	5,336.65	221.3%
174th	South Sudan	21,563.19	2.4%

FAQ

What was Nigeria's consumer price index in 2023?▾

Nigeria's consumer price index in 2023 was 524.91. This ranked 163rd globally.

How did Nigeria's consumer price index change in 2023?▾

Nigeria's consumer price index increased by 24.7% in 2023 compared to 2022.

Which country had the highest consumer price index in 2023?▾

South Sudan had the highest consumer price index in 2023 at 21,563.19.

What is the consumer price index of Nigeria in 2023?▾

The consumer price index of Nigeria in 2023 was 524.91. This ranked 163rd globally.

How does 2023 compare to 2022 for Nigeria's consumer price index?▾

Nigeria's consumer price index went from 421.07 in 2022 to 524.91 in 2023, a 24.7% increase.

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