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Prices and inflation in Nigeria

Statistics report on prices and inflation in Nigeria

This report contains data on prices and inflation in Nigeria. The first chapter provides data on inflation worldwide and in Nigeria, while the second chapter focuses on Consumer Price Index (CPI). After this, the report shows data on food prices, energy, and transportation. These are among the sectors recording the highest increases in prices. Overall, food prices in Nigeria are experiencing a high continuous inflation.

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Table of contents

Inflation

3
  • Basic Statistic Countries with the highest inflation 2025
  • Basic Statistic Inflation rate forecast in Nigeria 2019-2028
  • Premium Statistic Year-on-year inflation rate in Nigeria 2023, by area

Consumer Price Index (CPI)

3
  • Basic Statistic Monthly Consumer Price Index in Nigeria 2019-2023
  • Basic Statistic Monthly Consumer Price Index of food in Nigeria 2019-2023
  • Premium Statistic CPI in Nigeria 2023, by sector

Food prices

10
  • Basic Statistic Prices of selected food products in Nigeria 2024
  • Basic Statistic Percentage change in prices of selected food products in Nigeria 2024
  • Premium Statistic Price comparison of food items in Nigeria 2020-2021
  • Premium Statistic Prices of milk in selected markets in Lagos, Nigeria 2020
  • Premium Statistic Prices of flour in selected markets in Lagos, Nigeria 2020
  • Premium Statistic Prices of local palm oil on selected markets in Lagos, Nigeria 2020
  • Premium Statistic Prices for a bag of beans in selected markets in Lagos, Nigeria 2020
  • Premium Statistic Prices of rice in selected markets in Lagos, Nigeria 2020
  • Premium Statistic Prices of garri in selected markets in Lagos, Nigeria 2020
  • Premium Statistic Prices for a carton of noodles in selected markets in Lagos, Nigeria 2020

Energy prices

6
  • Premium Statistic Average cooking gas price in Nigeria 2023, by state
  • Premium Statistic Average price of petrol in Nigeria 2024, by zone
  • Premium Statistic Monthly percentage change in diesel prices in Nigeria 2019-2024
  • Premium Statistic Average price of diesel in Nigeria 2021-2023, by zone
  • Basic Statistic States with lowest diesel prices in Nigeria 2024
  • Basic Statistic States with the lowest average petrol prices in Nigeria 2024

Transportation prices

4
  • Premium Forecast Per capita consumer spending on transportation in Nigeria 2000-2050
  • Premium Statistic Average prices of selected transport means in Nigeria 2023
  • Premium Statistic Average prices for a bus journey within the city in Nigeria 2023, by state
  • Premium Statistic Average prices for an intercity bus journey in Nigeria 2023, by state
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