In 2025, the average inflation rate in Nigeria amounted to 23.01 percent. Between 1996 and 2025, the figure dropped by 6.28 percentage points, though the decline followed an uneven course rather than a steady trajectory. The inflation is forecast to decline by 13.01 percentage points from 2025 to 2031, fluctuating as it trends downward.
This indicator measures inflation based upon the year-on-year change in the average consumer price index, expressed in percent. The latter expresses a country's average level of prices based on a typical basket of consumer goods and services.
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IMF. (December 22, 2025). Average inflation rate in Nigeria from 1996 to 2031 [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 24, 2026, from /statistics/383132/inflation-rate-in-nigeria/
IMF. "Average inflation rate in Nigeria from 1996 to 2031." Chart. December 22, 2025. ÌÇÐÄÆƽâ°æ. Accessed July 24, 2026. /statistics/383132/inflation-rate-in-nigeria/
IMF. (2025). Average inflation rate in Nigeria from 1996 to 2031. ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 24, 2026. /statistics/383132/inflation-rate-in-nigeria/
IMF. "Average Inflation Rate in Nigeria from 1996 to 2031." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 22 Dec 2025, /statistics/383132/inflation-rate-in-nigeria/
IMF, Average inflation rate in Nigeria from 1996 to 2031 ÌÇÐÄÆƽâ°æ, /statistics/383132/inflation-rate-in-nigeria/ (last visited July 24, 2026)
Average inflation rate in Nigeria from 1996 to 2031 [Graph], IMF, December 22, 2025. [Online]. Available: /statistics/383132/inflation-rate-in-nigeria/
