Nigeria | Inflation, consumer prices (annual %)
Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
Publisher
The World Bank
Origin
Federal Republic of Nigeria
Records
53
Source
| year |
value
Min
Max
|
|---|---|
| 1960 | |
| 1961 | 6.27914723 |
| 1962 | 5.26563235 |
| 1963 | -2.69465535 |
| 1964 | 0.85679315 |
| 1965 | 4.10345874 |
| 1966 | 9.69034608 |
| 1967 | -3.72633676 |
| 1968 | -0.47605906 |
| 1969 | 10.1559792 |
| 1970 | 13.75707992 |
| 1971 | 15.99911485 |
| 1972 | 3.45764975 |
| 1973 | 5.40266445 |
| 1974 | 12.67439318 |
| 1975 | 33.96418832 |
| 1976 | 24.3 |
| 1977 | 15.08783406 |
| 1978 | 21.70924574 |
| 1979 | 11.70973062 |
| 1980 | 9.97226199 |
| 1981 | 20.81282291 |
| 1982 | 7.69774725 |
| 1983 | 23.21233156 |
| 1984 | 17.82053328 |
| 1985 | 7.43534482 |
| 1986 | 5.71715146 |
| 1987 | 11.29032258 |
| 1988 | 54.51122478 |
| 1989 | 50.46668812 |
| 1990 | 7.36440031 |
| 1991 | 13.0069731 |
| 1992 | 44.58884272 |
| 1993 | 57.16525284 |
| 1994 | 57.0317089 |
| 1995 | 72.8355023 |
| 1996 | 29.26829268 |
| 1997 | 8.52987422 |
| 1998 | 9.99637812 |
| 1999 | 6.61837339 |
| 2000 | 6.93329216 |
| 2001 | 18.87364621 |
| 2002 | 12.8765792 |
| 2003 | 14.03178361 |
| 2004 | 14.99803382 |
| 2005 | 17.86349337 |
| 2006 | 8.23952652 |
| 2007 | 5.38222365 |
| 2008 | 11.57798353 |
| 2009 | 11.53767274 |
| 2010 | 13.72020185 |
| 2011 | 10.84079259 |
| 2012 |
Nigeria | Inflation, consumer prices (annual %)
Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
Publisher
The World Bank
Origin
Federal Republic of Nigeria
Records
53
Source