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.
| year | value |
|---|---|
| 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.