Average inflation measured by CPI rose 8.82% to 13.5% in Nigeria in 2019, according to the National Statistical Office.
Historically, average inflation measured by CPI in Nigeria reached an all time high of 13.5% in 2019 and an all time low of -0.037% in 1967. When compared to Nigeria's main peers, average inflation measured by CPI in Benin amounted to 2.30%, 1.09% in Cameroon, 2.56% in Chad and 2.00% in Niger in 2019.
Nigeria has been ranked 14th within the group of 172 countries we follow in terms of average inflation measured by CPI, 9 places above the position seen 10 years ago.
| Inflation, CPI (Average) | Unit | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
| Algeria | % | 7.23% | 9.74% | 8.68% | 9.30% | 10.4% | ||||||||||||||||
| Benin | % | 1.70% | 5.00% | 1.80% | 2.00% | 2.00% | ||||||||||||||||
| Burkina Faso | % | 3.86% | 14.2% | 1.50% | 1.00% | 2.00% | ||||||||||||||||
| Cameroon | % | 2.26% | 4.58% | 2.78% | 2.56% | 2.06% | ||||||||||||||||
| Central African Republic | % | 4.26% | 6.53% | 6.30% | 2.70% | 2.78% | ||||||||||||||||
| Chad | % | -0.773% | 4.94% | 3.10% | 3.03% | 2.97% | ||||||||||||||||
| Gabon | % | 1.08% | 3.50% | 3.20% | 2.50% | 2.20% | ||||||||||||||||
| Libya | % | 2.77% | 5.52% | 4.05% | 3.04% | 3.04% | ||||||||||||||||
| Mali | % | 3.81% | 8.00% | 3.00% | 2.50% | 2.00% | ||||||||||||||||
| Niger | % | 3.84% | 4.51% | 3.00% | 2.50% | 2.00% | ||||||||||||||||
| Nigeria | % | 17.0% | 18.9% | 17.3% | 12.6% | 11.5% | ||||||||||||||||
| Sudan | % | 359% | 155% | 76.9% | 34.8% | 21.2% | ||||||||||||||||
| Togo | % | 4.32% | 5.59% | 2.15% | 1.97% | 1.97% |
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