CPI Price, nominal in Nigeria
Nigeria: CPI Price, nominal was 1,013 in 2026. ◆ Volatile
CPI Price, nominal in Nigeria, 1987–2026
Source: World Bank staff calculations based on Datastream data.
Analysis
In 2026, cpi price, nominal in Nigeria stood at 1,013. That is the highest value across all 40 years on record.
The figure is up 11.5% on the previous year and up 421.6% over ten years.
Over the whole period, cpi price, nominal in Nigeria peaked at 1,013 in 2026 and was at its lowest, 1.21, in 1987.
Nigeria ranks 6th of 158 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
CPI Price, nominal in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 1987 | 1.21 | — |
| 1988 | 1.58 | +30.6% |
| 1989 | 2.38 | +51.2% |
| 1990 | 2.55 | +7.0% |
| 1991 | 2.88 | +13.0% |
| 1992 | 4.15 | +44.2% |
| 1993 | 6.55 | +57.6% |
| 1994 | 10.27 | +56.9% |
| 1995 | 17.77 | +73.0% |
| 1996 | 22.97 | +29.3% |
| 1997 | 25.42 | +10.7% |
| 1998 | 27.43 | +7.9% |
| 1999 | 29.22 | +6.5% |
| 2000 | 31.26 | +7.0% |
| 2001 | 37.16 | +18.9% |
| 2002 | 41.94 | +12.9% |
| 2003 | 47.83 | +14.0% |
| 2004 | 55.02 | +15.0% |
| 2005 | 64.82 | +17.8% |
| 2006 | 70.14 | +8.2% |
| 2007 | 73.94 | +5.4% |
| 2008 | 82.5 | +11.6% |
| 2009 | 92.84 | +12.5% |
| 2010 | 105.6 | +13.8% |
| 2011 | 117.04 | +10.8% |
| 2012 | 131.35 | +12.2% |
| 2013 | 142.5 | +8.5% |
| 2014 | 153.96 | +8.0% |
| 2015 | 167.84 | +9.0% |
| 2016 | 194.18 | +15.7% |
| 2017 | 226.22 | +16.5% |
| 2018 | 253.58 | +12.1% |
| 2019 | 282.48 | +11.4% |
| 2020 | 319.9 | +13.2% |
| 2021 | 374.14 | +17.0% |
| 2022 | 444.65 | +18.8% |
| 2023 | 554.28 | +24.7% |
| 2024 | 738.56 | +33.2% |
| 2025 | 908.48 | +23.0% |
| 2026 | 1,013 | +11.5% |
Nigeria compared with similar countries
- Nigeria's 1,013 is above the median for lower middle income countries, which is 235.88, 4.3× the median. (36 countries reporting)
- Nigeria's 1,013 is above the median for Sub-Saharan Africa, which is 185.43, 5.5× the median. (39 countries reporting)
Biggest year-on-year movements
Years where CPI Price, nominal in Nigeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1995 | +73.0% | 10.27 | 17.77 |
| 1993 | +57.6% | 4.15 | 6.55 |
| 1994 | +56.9% | 6.55 | 10.27 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 1.72 | 1.21 | 2.38 | 3 |
| 1990s | 14.92 | 2.55 | 29.22 | 10 |
| 2000s | 59.74 | 31.26 | 92.84 | 10 |
| 2010s | 177.48 | 105.6 | 282.48 | 10 |
| 2020s | 621.84 | 319.9 | 1,013 | 7 |
Countries ranked near Nigeria
More reference data data for Nigeria
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 1.77 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 19.51 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 27 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 2.62 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 27 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 5.94 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 5.8 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 81.9 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 121.16 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 14.27 (2050)
Frequently asked questions
- What is cpi price, nominal in Nigeria?
- Cpi price, nominal in Nigeria was 1,013 in 2026, according to World Bank staff calculations based on Datastream data.
- What is the highest cpi price, nominal recorded in Nigeria?
- The highest recorded value was 1,013 in 2026.
- What is the lowest cpi price, nominal recorded in Nigeria?
- The lowest recorded value was 1.21 in 1987.
- How does Nigeria rank for cpi price, nominal?
- Nigeria ranks 6th out of 158 countries with data for 2026.
- Is cpi price, nominal rising or falling in Nigeria?
- Over the last ten years it is up 421.6%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from World Bank staff calculations based on Datastream data, published as part of CPI Price, nominal. Statizoid updates them automatically from the source API.
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About this data
The consumer price index reflects the change in prices for the average consumer of a constant basket of consumer goods. Data is not seasonally adjusted.