Consumer Price Index (2010 = 100%) rose 33.2% to 699% in Nigeria in 2024

Consumer Price Index (2010 = 100%) (%), 2024
Economy | Nigeria | September 1, 2025
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Consumer price index based in 2010 rose 33.2% to 699% in Nigeria in 2024, according to the National Statistical Office.

Historically, consumer price index based in 2010 in Nigeria reached an all time high of 699% in 2024 and an all time low of 0.066% in 1960. When compared to Nigeria's main peers, consumer price index based in 2010 in Benin amounted to 122%, 148% in Cameroon, 156% in Chad and 138% in Niger in 2024.

Nigeria has been ranked 13th within the group of 146 countries we follow in terms of consumer price index based in 2010, 4 places above the position seen 10 years ago.

Consumer Price Index (2010 = 100%) Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Algeria % 148% 151% 155% 166% 182%
Benin % 110% 111% 114% 116% 118%
Burkina Faso % 112% 108% 110% 114% 131%
Cameroon % 116% 119% 122% 124% 132%
Central African Republic % 148% 152% 154% 161% 170% ...
Chad % 119% 118% 123% 122% 129%
Gabon % 120% 123% 124% 126% 131%
Libya % 255% 249% 253% 260% 272%
Mali % 111% 109% 109% 113% 124%
Niger % 112% 109% 112% 117% 122%
Nigeria % 240% 268% 303% 354% 421%
Sudan % 890% 1,344% 3,539% 16,246% 38,797% ... ...
Togo % 113% 113% 115% 121% 130%