Inflation Rate of Nigeria

24.7%

#233 of 238 Economy

Annual rate at which consumer prices rise.

Historical trend

🤖 AI summary

Nigeria's Inflation Rate stands at 24.7%. That ranks 233rd of 238 countries tracked — one of the highest (worse). It sits above the Western Africa average (by 58%). Since 2000 it has risen by about 2%.

Automatically generated from the data — updates when the numbers change.

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Similar in Inflation Rate

CountryInflation Rate
Pakistan 29.2%
Egypt 33.9%
Afghanistan 15.0%
Algeria 15.0%
American Samoa 15.0%
Angola 15.0%

Related statistics

Frequently asked questions

What is the Inflation Rate of Nigeria?

Nigeria's Inflation Rate is 24.7% (latest available, IMF / World Bank (2023)).

How does Nigeria rank for Inflation Rate?

Nigeria ranks 233rd out of 238 countries.

Is Nigeria's Inflation Rate rising or falling?

Since 2000, Nigeria's Inflation Rate has risen by about 2%.