Nigeria - Inflation Rate 1996
29.27%
−43.57pp from 1995
Nigeria's inflation rate was 29.27% in 1996, decreased +43.57pp from 72.84% in 1995. This was the 154th highest globally.
Global Ranking - 1996▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | Iraq | -16.12% | -104.2% |
| 2nd | Bosnia and Herzegovina | -11.72% | -190.8% |
| 3rd | Kiribati | -1.67% | -140.7% |
| 4th | Seychelles | -1.10% | -317.9% |
| 5th | Suriname | -0.70% | -102.9% |
| 6th | Bahrain | -0.45% | -114.4% |
| 7th | Japan | 0.14% | 255.2% |
| 8th | Oman | 0.50% | 143.9% |
| 9th | Sweden | 0.53% | -78.4% |
| 10th | Finland | 0.63% | 58.1% |
| 11th | Gabon | 0.69% | -92.9% |
| 12th | Switzerland | 0.81% | -54.9% |
| 13th | Vanuatu | 0.91% | -59.4% |
| 14th | St. Lucia | 0.92% | -84.2% |
| 15th | Gambia, The | 1.10% | -84.3% |
| 16th | Luxembourg | 1.18% | -37.7% |
| 17th | Saudi Arabia | 1.22% | -76.2% |
| 18th | Panama | 1.26% | 33.7% |
| 19th | Norway | 1.26% | -48.7% |
| 20th | Bahamas, The | 1.38% | -31.8% |
| 21st | Singapore | 1.38% | -19.8% |
| 22nd | Germany | 1.45% | -16.3% |
| 23rd | Canada | 1.57% | -26.9% |
| 24th | Dominica | 1.68% | 29.7% |
| 25th | Ireland | 1.76% | -30.3% |
| 26th | Austria | 1.86% | 15.5% |
| 27th | Netherlands | 1.95% | 44.5% |
| 28th | France | 1.98% | 12.1% |
| 29th | Brunei Darussalam | 2.00% | -66.5% |
| 30th | Grenada | 2.03% | -32.9% |
| 31st | Malta | 2.05% | -48.3% |
| 32nd | Belgium | 2.08% | 64.2% |
| 33rd | St. Kitts and Nevis | 2.09% | -30.4% |
| 34th | Denmark | 2.13% | 4.3% |
| 35th | Iceland | 2.26% | 36.6% |
| 36th | New Zealand | 2.29% | -39.1% |
| 37th | Bangladesh | 2.38% | -73.2% |
| 38th | Barbados | 2.39% | -15.9% |
| 39th | Comoros | 2.40% | -23.8% |
| 40th | North Macedonia | 2.47% | -84.9% |
| 41st | Côte d'Ivoire | 2.48% | -82.4% |
| 42nd | Australia | 2.62% | -43.5% |
| 43rd | Senegal | 2.75% | -65.9% |
| 44th | Micronesia, Federated States of | 2.80% | - |
| 45th | United Kingdom | 2.85% | 8.4% |
| 46th | United States | 2.93% | 4.5% |
| 47th | Antigua and Barbuda | 2.97% | 8.3% |
| 48th | United Arab Emirates | 2.98% | -31.3% |
| 49th | Cyprus | 2.98% | 14.0% |
| 50th | Guinea | 2.99% | -46.2% |
| 51st | Morocco | 2.99% | -52.5% |
| 52nd | Tonga | 3.00% | 724.0% |
| 53rd | Fiji | 3.05% | 39.7% |
| 54th | Portugal | 3.07% | -22.7% |
| 55th | Aruba | 3.23% | -5.5% |
| 56th | Puerto Rico (US) | 3.31% | 73.0% |
| 57th | Trinidad and Tobago | 3.40% | -35.4% |
| 58th | Malaysia | 3.49% | 0.6% |
| 59th | Djibouti | 3.51% | -28.1% |
| 60th | Kuwait | 3.55% | 32.3% |
| 61st | Spain | 3.56% | -23.9% |
| 62nd | European Union | 3.56% | -19.6% |
| 63rd | Central African Republic | 3.72% | -80.6% |
| 64th | Tunisia | 3.73% | -40.2% |
| 65th | Cameroon | 3.92% | -84.8% |
| 66th | Italy | 4.01% | -25.6% |
| 67th | Libya | 4.03% | -51.7% |
| 68th | Croatia | 4.30% | 119.1% |
| 69th | St. Vincent and the Grenadines | 4.41% | 84.4% |
| 70th | Equatorial Guinea | 4.54% | -77.2% |
| 71st | Mauritania | 4.68% | -28.5% |
| 72nd | Togo | 4.69% | -70.3% |
| 73rd | Macao SAR, China | 4.82% | -43.7% |
| 74th | Qatar | 4.90% | 63.0% |
| 75th | Benin | 4.91% | -66.0% |
| 76th | Korea | 4.92% | 9.9% |
| 77th | Niger | 5.29% | -51.3% |
| 78th | Samoa | 5.37% | 283.7% |
| 79th | Dominican Republic | 5.40% | -56.9% |
| 80th | Viet Nam | 5.67% | -66.5% |
| 81st | Slovak Republic | 5.78% | -41.7% |
| 82nd | Thailand | 5.81% | 0.2% |
| 83rd | Cabo Verde | 5.96% | -29.1% |
| 84th | Belize | 5.97% | 106.4% |
| 85th | Zimbabwe | 6.01% | -60.6% |
| 86th | Burkina Faso | 6.10% | -21.5% |
| 87th | Maldives | 6.24% | 13.7% |
| 88th | Hong Kong SAR, China | 6.28% | -30.5% |
| 89th | Eswatini | 6.43% | -47.7% |
| 90th | Jordan | 6.50% | 176.3% |
| 91st | Mauritius | 6.55% | 8.7% |
| 92nd | Mali | 6.81% | -41.5% |
| 93rd | Guyana | 7.09% | -42.0% |
| 94th | Cambodia | 7.15% | -29.0% |
| 95th | Egypt, Arab Republic of | 7.19% | -23.2% |
| 96th | Uganda | 7.19% | 6.0% |
| 97th | South Africa | 7.35% | -16.1% |
| 98th | Chile | 7.36% | -10.6% |
| 99th | Rwanda | 7.41% | -86.8% |
| 100th | Philippines | 7.48% | 8.2% |
| 101st | Indonesia | 7.97% | -15.3% |
| 102nd | Greece | 8.19% | -6.8% |
| 103rd | Syrian Arab Republic | 8.25% | 6.8% |
| 104th | China | 8.31% | -50.5% |
| 105th | Namibia | 8.70% | -21.7% |
| 106th | Czechia | 8.76% | -2.6% |
| 107th | Bhutan | 8.79% | 24.1% |
| 108th | Kenya | 8.86% | 470.4% |
| 109th | Lebanon | 8.88% | -13.6% |
| 110th | India | 8.98% | -9.9% |
| 111th | Nepal | 9.22% | 20.1% |
| 112th | Lesotho | 9.33% | -4.0% |
| 113th | El Salvador | 9.79% | -2.4% |
| 114th | Paraguay | 9.80% | -27.3% |
| 115th | Slovenia | 9.86% | -27.3% |
| 116th | Congo, Republic of | 10.03% | 59.2% |
| 117th | Botswana | 10.08% | -4.0% |
| 118th | Eritrea | 10.29% | -14.1% |
| 119th | Pakistan | 10.37% | -20.4% |
| 120th | Guatemala | 11.06% | 31.4% |
| 121st | Chad | 11.33% | 111.2% |
| 122nd | Israel | 11.46% | 14.1% |
| 123rd | Peru | 11.54% | 3.7% |
| 124th | Papua New Guinea | 11.62% | -32.7% |
| 125th | Nicaragua | 11.65% | 4.8% |
| 126th | Solomon Islands | 11.77% | 22.5% |
| 127th | Bolivia, Plurinational State of | 12.43% | 21.9% |
| 128th | Albania | 12.73% | 63.3% |
| 129th | Lao PDR | 13.02% | -31.7% |
| 130th | Brazil | 15.76% | -76.1% |
| 131st | Sri Lanka | 15.94% | 107.6% |
| 132nd | Myanmar | 16.28% | -35.4% |
| 133rd | Costa Rica | 17.51% | -24.5% |
| 134th | Latvia | 17.61% | -29.6% |
| 135th | Algeria | 18.68% | -37.3% |
| 136th | Armenia | 18.68% | -89.4% |
| 137th | Madagascar | 19.76% | -59.7% |
| 138th | Azerbaijan | 19.79% | -95.2% |
| 139th | Poland | 19.79% | -29.0% |
| 140th | Haiti | 20.58% | -31.8% |
| 141st | Colombia | 20.80% | -0.4% |
| 142nd | Tanzania | 20.98% | -21.6% |
| 143rd | Estonia | 23.05% | -20.5% |
| 144th | Sierra Leone | 23.14% | -11.0% |
| 145th | Hungary | 23.47% | -17.1% |
| 146th | Moldova | 23.51% | -22.2% |
| 147th | Honduras | 23.84% | -19.0% |
| 148th | Ecuador | 24.41% | 6.7% |
| 149th | Lithuania | 24.63% | -37.9% |
| 150th | Jamaica | 26.41% | 32.6% |
| 151st | Burundi | 26.44% | 39.7% |
| 152nd | Uruguay | 28.34% | -32.9% |
| 153rd | Iran, Islamic Republic of | 28.94% | -41.3% |
| 154th | Nigeria | 29.27% | -59.8% |
| 155th | Yemen, Republic of | 30.73% | -51.9% |
| 156th | Kyrgyz Republic | 31.95% | -24.2% |
| 157th | Mexico | 34.38% | -1.9% |
| 158th | Malawi | 37.60% | -54.8% |
| 159th | Romania | 38.83% | 20.3% |
| 160th | Kazakhstan | 39.18% | -77.8% |
| 161st | Georgia | 39.36% | -75.8% |
| 162nd | São Tomé and Principe | 42.05% | 14.3% |
| 163rd | Zambia | 43.07% | 36.9% |
| 164th | Ghana | 46.56% | -21.5% |
| 165th | Mongolia | 46.89% | 21,409.2% |
| 166th | Russian Federation | 47.75% | -75.8% |
| 167th | Mozambique | 48.49% | 1.7% |
| 168th | Guinea-Bissau | 50.73% | 12.4% |
| 169th | Belarus | 52.71% | -92.6% |
| 170th | Uzbekistan | 53.96% | -82.3% |
| 171st | Ukraine | 80.33% | -78.7% |
| 172nd | Türkiye | 80.41% | -10.2% |
| 173rd | Serbia | 95.60% | 15.7% |
| 174th | Bulgaria | 121.61% | 95.8% |
| 175th | Sudan | 132.82% | 94.3% |
| 176th | Tajikistan | 418.47% | -31.7% |
| 177th | Congo, Democratic Republic of | 492.44% | -9.1% |
| 178th | Turkmenistan | 992.39% | -1.3% |
| 179th | Angola | 4,145.11% | 55.1% |
FAQ
What was Nigeria's inflation rate in 1996?▾
Nigeria's inflation rate in 1996 was 29.27%. This ranked 154th globally.
How did Nigeria's inflation rate change in 1996?▾
Nigeria's inflation rate decreased by 59.8% in 1996 compared to 1995.
Which country had the highest inflation rate in 1996?▾
Angola had the highest inflation rate in 1996 at 4,145.11%.
What is the inflation rate of Nigeria in 1996?▾
The inflation rate of Nigeria in 1996 was 29.27%. This ranked 154th globally.
How does 1996 compare to 1995 for Nigeria's inflation rate?▾
Nigeria's inflation rate went from 72.84% in 1995 to 29.27% in 1996, a 59.8% decrease.
HistorySaid - pattern alert
Nigeria matched the Orthodox Tightening Cycle pattern in 1996. Historically: 311 occurrences, 177 successful (57%). Outcome 24 months later: 10.0%. View full analysis →
Related
1995
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Lowest: 1967
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