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Nigeria inflation rate by year, 1991 to 2025

Nigeria: 23.01% in 2025. Inflation rate peaked at 72.84% in 1995 in this 1991–2025 series.

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What the data shows

  • Nigeria: 13.01% in 1991, 23.01% in 2025 (1.8× higher). It peaked at 72.84% in 1995.
  • Angola: 83.78% in 1991, 20.16% in 2025 (76% lower). It peaked at 4,145.11% in 1996.
  • Bolivia: 21.45% in 1991, 19.52% in 2025. Its low point was 0.74% in 2021.
  • Malawi: 12.62% in 1991, 28.37% in 2025 (2.2× higher). It peaked at 83.33% in 1995.

About this chart

Nigeria's annual consumer-price inflation reached 72.84% in 1995, the high for the displayed period. The latest reading was 23.01% in 2025; the series began at 13.01% in 1991. The displayed annual series runs from 1991 through 2025; its lowest value was 5.39% in 2007. The preceding annual observation, for 2024, was 33.24%.

Consumer-price inflation measures the annual percentage change in the cost of a consumer basket. A lower positive rate means prices rise more slowly, not that the price level falls; negative values indicate declining prices. In 2025, the comparison lines show Angola (20.16%), Bolivia (19.52%) and Malawi (28.37%). These peers have the closest latest values among reporting countries with over one million people and a continuous common history; they are not selected by geography.

The data

Source: World Bank, World Development Indicators (FP.CPI.TOTL.ZG), % annual consumer-price change. Retrieved November 5, 2026. Consumer-price inflation measures the annual percentage change in the cost of a consumer basket. A lower positive rate means prices rise more slowly, not that the price level falls; negative values indicate declining prices. Peers are selected by proximity to the country's latest value among countries with over one million people and a continuous common series.

Nigeria: inflation rate, % annual consumer-price change, 1991 to 2025; three nearest peers, 1991–2025
Date🇳🇬 Nigeria🇦🇴 Angola🇧🇴 Bolivia🇲🇼 Malawi
199113.01%83.78%21.45%12.62%
199244.59%299.51%12.06%23.75%
199357.17%1,378.53%8.53%22.77%
199457.03%949.79%7.87%34.65%
199572.84%2,666.45%10.19%83.33%
199629.27%4,145.11%12.43%37.60%
19978.53%219.18%4.71%9.14%
199810.00%107.28%7.67%29.75%
19996.62%248.20%2.16%44.80%
20006.93%325.00%4.61%29.58%
200118.87%152.56%1.59%22.70%
200212.88%108.90%0.93%14.74%
200314.03%98.22%3.34%9.58%
200415.00%43.54%4.44%11.43%
200517.86%22.95%5.39%15.41%
20068.23%13.31%4.28%13.97%
20075.39%12.25%8.71%7.95%
200811.58%12.48%14.01%8.71%
200912.54%13.73%3.35%8.42%
201013.74%14.47%2.50%7.41%
201110.83%13.48%9.88%7.62%
201212.22%10.28%4.52%21.27%
20138.50%8.78%5.74%27.28%
20148.05%7.28%5.77%23.79%
20159.01%9.36%4.06%21.87%
201615.70%30.69%3.62%21.71%
201716.50%29.84%2.82%11.54%
201812.10%19.63%2.27%12.42%
201911.40%17.08%1.84%9.37%
202013.25%22.27%0.94%8.63%
202116.95%25.75%0.74%9.33%
202218.85%21.36%1.75%20.95%
202324.66%13.64%2.58%28.79%
202433.24%28.24%5.10%32.18%
202523.01%20.16%19.52%28.37%

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Frequently asked questions

What is the inflation rate in Nigeria?

Nigeria's annual consumer-price inflation was 23.01% in 2025. This annual World Bank series should not be read as the latest monthly inflation release.

When was Nigeria's inflation rate highest in this series?

The highest displayed value was 72.84% in 1995. This comparison covers 1991 through 2025; it is not a claim about years outside the available series.

Why are these countries compared with Nigeria?

The comparison selects three countries with the closest 2025 values, among countries with over one million people and at least fifteen consecutive annual observations in common. The matching is based on the indicator level, not economic structure or geographic proximity.

Where does this data come from?

World Bank, World Development Indicators (FP.CPI.TOTL.ZG), % annual consumer-price change. Retrieved November 5, 2026. Consumer-price inflation measures the annual percentage change in the cost of a consumer basket. A lower positive rate means prices rise more slowly, not that the price level falls; negative values indicate declining prices. Peers are selected by proximity to the country's latest value among countries with over one million people and a continuous common series. You can download the full table as a CSV from this page.

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