Nigeria
Consumer Price Index · 860.3 (2025)
World Bank data66 years of dataUpdated annually
Latest CPI
860.3
2025
Earliest CPI
0.1
1960
Change (1960–2025)
+860.3
+1305704.4%
Key Takeaways
- Nigeria has 66 years of CPI data available, with a latest value of 860.3.
- Cumulative CPI change: +1305704.4% over the tracking period.
- That works out to an average annual change of roughly 19783.4%.
- Fiat purchasing power in Nigeria has more than halved — Bitcoin's fixed supply offers a stark contrast.
CPI Trend — Nigeria
Sats vs Fiat Purchasing Power
How CPI erosion in Nigeria compares to a fixed-supply asset
CPI Sats purchasing power (indexed)
Year-over-Year Inflation
Annual CPI change in Nigeria
<2% 2-5% 5-10% >10%
CPI History
66 years of data (1960–2025)
| Year | CPI Value | Year-over-Year Change |
|---|---|---|
| 2025 | 860.3 | +160.9 (+23.0%) |
| 2024 | 699.4 | +174.5 (+33.2%) |
| 2023 | 524.9 | +103.8 (+24.7%) |
| 2022 | 421.1 | +66.8 (+18.8%) |
| 2021 | 354.3 | +51.4 (+17.0%) |
| 2020 | 302.9 | +35.4 (+13.2%) |
| 2019 | 267.5 | +27.4 (+11.4%) |
| 2018 | 240.1 | +25.9 (+12.1%) |
| 2017 | 214.2 | +30.3 (+16.5%) |
| 2016 | 183.9 | +24.9 (+15.7%) |
| 2015 | 158.9 | +13.1 (+9.0%) |
| 2014 | 145.8 | +10.9 (+8.0%) |
| 2013 | 134.9 | +10.6 (+8.5%) |
| 2012 | 124.4 | +13.5 (+12.2%) |
| 2011 | 110.8 | +10.8 (+10.8%) |
| 2010 | 100.0 | +12.1 (+13.7%) |
| 2009 | 87.9 | +9.8 (+12.5%) |
| 2008 | 78.1 | +8.1 (+11.6%) |
| 2007 | 70.0 | +3.6 (+5.4%) |
| 2006 | 66.4 | +5.1 (+8.2%) |
| 2005 | 61.4 | +9.3 (+17.9%) |
| 2004 | 52.1 | +6.8 (+15.0%) |
| 2003 | 45.3 | +5.6 (+14.0%) |
| 2002 | 39.7 | +4.5 (+12.9%) |
| 2001 | 35.2 | +5.6 (+18.9%) |
| 2000 | 29.6 | +1.9 (+6.9%) |
| 1999 | 27.7 | +1.7 (+6.6%) |
| 1998 | 26.0 | +2.4 (+10.0%) |
| 1997 | 23.6 | +1.9 (+8.5%) |
| 1996 | 21.7 | +4.9 (+29.3%) |
| 1995 | 16.8 | +7.1 (+72.8%) |
| 1994 | 9.7 | +3.5 (+57.0%) |
| 1993 | 6.2 | +2.3 (+57.2%) |
| 1992 | 3.9 | +1.2 (+44.6%) |
| 1991 | 2.7 | +0.3 (+13.0%) |
| 1990 | 2.4 | +0.2 (+7.4%) |
| 1989 | 2.2 | +0.8 (+50.5%) |
| 1988 | 1.5 | +0.5 (+54.5%) |
| 1987 | 1.0 | +0.1 (+11.3%) |
| 1986 | 0.9 | +0.0 (+5.7%) |
| 1985 | 0.8 | +0.1 (+7.4%) |
| 1984 | 0.8 | +0.1 (+17.8%) |
| 1983 | 0.6 | +0.1 (+23.2%) |
| 1982 | 0.5 | +0.0 (+7.7%) |
| 1981 | 0.5 | +0.1 (+20.8%) |
| 1980 | 0.4 | +0.0 (+10.0%) |
| 1979 | 0.4 | +0.0 (+11.7%) |
| 1978 | 0.3 | +0.1 (+21.7%) |
| 1977 | 0.3 | +0.0 (+15.1%) |
| 1976 | 0.2 | +0.0 (+24.3%) |
| 1975 | 0.2 | +0.0 (+34.0%) |
| 1974 | 0.1 | +0.0 (+12.7%) |
| 1973 | 0.1 | +0.0 (+5.4%) |
| 1972 | 0.1 | +0.0 (+3.5%) |
| 1971 | 0.1 | +0.0 (+16.0%) |
| 1970 | 0.1 | +0.0 (+13.8%) |
| 1969 | 0.1 | +0.0 (+10.2%) |
| 1968 | 0.1 | -0.0 (-0.5%) |
| 1967 | 0.1 | -0.0 (-3.7%) |
| 1966 | 0.1 | +0.0 (+9.7%) |
| 1965 | 0.1 | +0.0 (+4.1%) |
| 1964 | 0.1 | +0.0 (+0.9%) |
| 1963 | 0.1 | -0.0 (-2.7%) |
| 1962 | 0.1 | +0.0 (+5.3%) |
| 1961 | 0.1 | +0.0 (+6.3%) |
| 1960 | 0.1 | — |
Inflation in Nigeria
The Consumer Price Index (CPI) for Nigeria tracks changes in the cost of a standardized basket of goods and services. Since 1960, the CPI has moved from 0.1 to 860.3, representing a cumulative change of +1305704.4%.
Rising CPI values indicate that the NGN buys less over time. Bitcoin's fixed supply offers an alternative for preserving purchasing power. Compare Nigeria's inflation against other countries on the world map.