Economy · West Africa
Nigeria Inflation Rate
15.9%as of 2026-06
Latest year-on-year consumer price inflation. Source: CBN NG SIGNALS. Updated July 31, 2026.
Trend
Chart and history show annual average CPI inflation (World Bank). The headline figure is the latest year-on-year reading.
History
| Period | Inflation Rate |
|---|---|
| 2026 | 16% |
| 2025 | 23% |
| 2024 | 33.2% |
| 2023 | 24.7% |
| 2022 | 18.8% |
| 2021 | 17% |
| 2020 | 13.2% |
| 2019 | 11.4% |
| 2018 | 12.1% |
| 2017 | 16.5% |
| 2016 | 15.7% |
| 2015 | 9% |
Get this via API
The series above is served by the /v1/data endpoint. With a free key you get JSON for every country and indicator on this site.
curl "https://api.africa-api.com/v1/data?country_code=NG&metric_key=inflation_cpi_latest_yoy_pct" \
-H "Authorization: Bearer $AFRICA_API_KEY"Inflation Rate across Africa
Rank all 54 ->| Country | Inflation Rate |
|---|---|
| Kenya | 5.9% |
| South Africa | 3.9% |
| Egypt | 13.2% |
| Ghana | 5.8% |
| Ethiopia | 11.8% |
| Tanzania | 4% |
Frequently asked questions
What is Nigeria's year-on-year CPI inflation?
Nigeria's year-on-year CPI inflation is 15.9% as of 2026-06, according to CBN NG SIGNALS.
What is the source for this figure?
The figure comes from CBN NG SIGNALS and is republished by the Africa API with the retrieval date shown on this page.
How do I get Nigeria Inflation Rate data via API?
Call GET /v1/data?country_code=NG&metric_key=inflation_cpi_latest_yoy_pct with a free Africa API key to receive the full time series as JSON.
More Nigeria economy data