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Cost of moneyNigeria

Inflation rate in Nigeria

How fast are prices rising where I live — or where I might?

Nigeria's inflation rate is 23.01 % — #117 of 123 countries on the atlas (closer to 2 % is better). Period 2025.

23.01%

Checked 8 Sept 2026Period 2025

Source: Annual CPI inflation (shared satsatlas data engine: World Bank + Eurostat + SSB)

At 23.0 % a year, prices double in about 3 years if it holds.

Among 123 countries

22 of 123 countries between -0.30 % and 1.11 %30 of 123 countries between 1.11 % and 2.52 %29 of 123 countries between 2.52 % and 3.93 %13 of 123 countries between 3.93 % and 5.34 %4 of 123 countries between 5.34 % and 6.75 %3 of 123 countries between 6.75 % and 8.16 %6 of 123 countries between 8.16 % and 9.57 %1 of 123 countries between 10.98 % and 12.39 %2 of 123 countries between 12.39 % and 13.80 %4 of 123 countries between 13.80 % and 15.21 %2 of 123 countries between 19.45 % and 20.86 %1 of 123 countries between 22.27 % and 23.68 %2 of 123 countries between 27.91 % and 29.32 %4 of 123 countries between 32.14 % and 33.55 %median 3.21 %Nigeria: ahead of 5 % of the 123 countries with a published inflationNigeria 23.01 %-0.30 %33.55 %
Half of all 123 countries sit between 1.66 % and 5.02 %. Nigeria is ahead of 5 % of them. Axis trimmed to the 2nd–98th percentile; 5 values beyond it sit in the end bars.
Rank
#117 of 123
closer to 2 % is better
Ranked behind
5 %
6 of 123 countries

In Africa: #19 of 21vs median 3.21 %: +19.80 pp (worse)

The doubling clock

At Nigeria's current 23.01 % — prices double in~3 yrsAt the ~2 % target — prices double in~35 yrs
Exact compounding (ln 2 ÷ ln(1 + rate)), not the rule-of-72 shortcut — and an if-it-holds projection, not a forecast: the clock is reset by every new inflation reading. The target line is the context — most central banks aim near 2 %, where prices double about once a working life.

The neighbourhood

#CountryInflationvs Nigeria
115 Bolivia19.52 %−3.49 pp
116 Angola20.16 %−2.85 pp
117 Nigeria23.01 %—
118 Malawi28.37 %+5.36 pp
119 Haiti28.64 %+5.63 pp

Annual CPI inflation from official statistics (World Bank, Eurostat, SSB). Ranked and coloured by distance from the ~2 % target most central banks aim for — deflation is not "winning".

How to read this figure

Annual change in the consumer price index — how much more the same basket costs than a year ago. Derived from official index levels (World Bank collection); one number for the whole country, so your personal basket may run hotter or colder. Ranked and coloured by distance from the ~2 % target most central banks aim for: deflation is a warning sign, not a win, so the greenest countries sit NEAR the target — not at the lowest number.

Next, about Nigeria

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Inflation rate, all countries ranked →Compare Nigeria with another country →Everything about Nigeria →
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