Nigeria’s Monthly Inflation Rate Data (Updated September 2016)

Nigeria’s Monthly Inflation Rate Data

According to definition of the National Bureau of Statistics, the Consumer Price Index (CPI) measures the average change over time in prices of goods and services consumed by people for day-to-day living.

The construction of the CPI combines economic theory, sampling and other statistical techniques using data from other surveys to produce a weighted measure of average price changes in the Nigerian economy. The weighting occurs to capture the importance of the selected commodities in the entire index. The production of the CPI requires skills of economists, statisticians, computer scientists, data collectors and others.
The percentage difference between the CPI of one month in a preceding year over the CPI of the same month in the current year is known as Inflation Rate. Inflation is thus the change in prices of goods and services over a period of time.

This table contains the rate of inflation for Nigeria from 2006 to 2016 and will be updated every month.

Year Month All Items (Year on Change)

Inflation Rate

All Items (12 Months Avg. Change)

Monthly Average Inflation Rate

Food (Year on Change)

Food Inflation

Food (12 Months Avg. Change)

Average Food Inflation

All Items Less Farm Produce (Year on Change)/2 All Items Less Farm Produce (12 Months Avg. Change)/2
2016 7 17.13 12.04 15.80 12.16 16.93 11.55
2016 6 16.48 11.37 15.30 11.67 16.22 10.86
2016 5 15.58 10.75 14.86 11.22 15.05 10.2
2016 4 13.72 10.18 13.19 10.79 13.35 9.61
2016 3 12.77 9.75 12.74 10.47 12.17 9.13
2016 2 11.38 9.39 11.35 10.18 11.04 8.73
2016 1 9.62 9.13 10.64 10.02 8.84 8.39
2015 12 9.55 9.01 10.59 9.9 8.73 8.22
2015 11 9.37 8.88 10.32 9.78 8.73 8.02
2015 10 9.3 8.76 10.13 9.68 8.74 7.81
2015 9 9.4 8.7 10.2 9.6 8.9 7.6
2015 8 9.3 8.6 10.1 9.6 9 7.4
2015 7 9.2 8.5 10 9.6 8.8 7.2
2015 6 9.2 8.4 10 9.5 8.4 7
2015 5 9 8.3 9.8 9.5 8.3 7
2015 4 8.7 8.2 9.5 9.5 7.7 6.9
2015 3 8.5 8.2 9.4 9.5 7.5 6.9
2015 2 8.4 8.1 9.4 9.5 7 6.9
2015 1 8.2 8.1 9.2 9.5 6.8 6.9
2014 12 8 8 9.2 9.5 6.2 6.9
2014 11 7.9 8 9.1 9.5 6.3 7
2014 10 8.1 8 9.3 9.5 6.3 7.1
2014 9 8.3 8 9.7 9.5 6.3 7.2
2014 8 8.5 8 10 9.5 6.3 7.3
2014 7 8.3 8 9.9 9.5 7.1 7.4
2014 6 8.2 8 9.8 9.5 8.1 7.4
2014 5 8 8 9.7 9.4 7.7 7.2
2014 4 7.9 8.1 9.4 9.4 7.5 7
2014 3 7.8 8.2 9.3 9.5 6.8 7
2014 2 7.7 8.3 9.2 9.5 7.2 7
2014 1 8 8.4 9.3 9.6 6.6 7.3
2013 12 8 8.5 9.3 9.7 7.9 7.7
2013 11 7.9 8.8 9.3 9.8 7.8 8.1
2013 10 7.8 9.2 9.2 10 7.6 8.6
2013 9 8 9.5 9.4 10.1 7.4 8.9
2013 8 8.2 9.8 9.7 10.2 7.2 9.4
2013 7 8.7 10 10 10.2 6.6 10
2013 6 8.4 10.4 9.6 10.4 5.5 10.7
2013 5 9 10.8 9.3 10.5 6.2 11.5
2013 4 9.1 11.1 10 10.8 6.9 12.3
2013 3 8.6 11.4 9.5 11 7.2 13
2013 2 9.5 11.7 11 11.2 11.2 13.7
2013 1 9 11.9 10.1 11.1 11.3 13.7
2012 12 12 12.2 10.2 11.3 13.7 13.9
2012 11 12.3 12.1 11.6 11.4 13.1 13.6
2012 10 11.7 11.9 11.1 11.2 12.4 13.5
2012 9 11.3 11.9 10.2 11.1 13.1 13.5
2012 8 11.7 11.8 9.9 11.1 14.7 13.3
2012 7 12.8 11.6 12.1 11 15 13
2012 6 12.9 11.3 12 10.6 15.2 12.7
2012 5 12.7 11.1 12.9 10.4 14.9 12.4
2012 4 12.9 11.1 11.2 10.3 14.7 12.2
2012 3 12.1 10.9 11.8 10.3 15 12.1
2012 2 11.9 11 9.7 10.3 11.9 11.9
2012 1 12.6 10.9 13.1 10.5 12.7 11.8
2011 12 10.3 10.8 11 10.3 10.8 11.7
2011 11 10.5 11 9.6 10.4 11.5 11.7
2011 10 10.5 11.1 9.7 10.8 11.5 11.7
2011 9 10.3 11.4 9.5 11.2 11.6 11.9
2011 8 9.3 11.6 8.7 11.6 10.9 12
2011 7 9.4 12 7.9 12.1 11.5 12.1
2011 6 10.2 12.3 9.2 12.7 11.5 12.1
2011 5 12.4 12.6 12.2 13.2 13 12.2
2011 4 11.3 12.7 11.6 13.2 12.9 12.1
2011 3 12.8 13 12.2 13.6 12.8 12.1
2011 2 11.1 13.2 12.2 13.9 10.6 12.1
2011 1 12.1 13.5 10.3 14.2 12.1 12.4
2010 12 11.8 13.7 12.7 14.7 10.9 12.4
2010 11 12.8 13.9 14.4 15 11.7 12.4
2010 10 13.4 13.9 14.1 14.9 13.2 12.3
2010 9 13.6 13.8 14.6 14.9 12.8 12
2010 8 13.7 13.5 15.1 14.7 12.4 11.5
2010 7 13 13.3 14 14.5 11.3 11.2
2010 6 14.1 13.1 15.1 14.4 12.7 10.9
2010 5 12.9 12.9 13 14.3 11.7 10.6
2010 4 15 12.9 16.3 14.5 12.8 10.4
2010 3 14.8 12.8 15.8 14.4 13.2 10.3
2010 2 15.6 12.7 16.2 14.4 14 10.1
2010 1 14.4 12.6 15.9 14.7 12.1 9.6
2009 12 13.9 12.5 15.5 14.8 11.2 9.2
2009 11 12.4 12.6 13.5 15 10.7 9.1
2009 10 11.6 12.8 13.5 15.4 8.9 9
2009 9 10.4 13.1 12.5 15.9 7.4 8.9
2009 8 11 13.3 12.7 16.3 8 8.9
2009 7 11.1 13.4 12.9 16.8 8.3 8.6
2009 6 11.2 13.7 13.1 17.5 8.5 8.3
2009 5 13.2 13.8 15.7 17.9 9.9 7.8
2009 4 13.3 13.5 15.3 17.9 10.9 7.3
2009 3 14.4 13.1 16.2 17.7 11.8 6.5
2009 2 14.6 12.6 20 17.5 7.2 5.6
2009 1 14 12 18.4 16.5 8 5.5
2008 12 15.1 11.6 18 16.1 10.4 5.1
2008 11 14.8 10.9 18.1 15.3 9.3 4.5
2008 10 14.7 10.1 19.2 14 7.9 4.3
2008 9 13 9.2 17.1 12.3 6.9 4.5
2008 8 12.4 8.5 18.8 10.7 3.9 4.8
2008 7 14 7.8 20.9 9 4.8 5.4
2008 6 12 7 18.11 7.41 3.61 5.8
2008 5 9.7 6.5 14.7 6.1 3.3 6.3
2008 4 8.2 6.1 13.1 5.1 1.2 6.4
2008 3 7.8 5.8 12.4 4.2 0.5 6.8
2008 2 8 5.5 8.7 3.3 6.4 7.5
2008 1 8.6 5.5 12.6 2.9 2.5 7.9
2007 12 6.6 5.4 8.2 1.9 3.6 9.2
2007 11 5.2 5.5 3.2 1.5 7.4 10.3
2007 10 4.6 5.7 -0.1 1.7 10.7 10.7
2007 9 4.1 5.9 -0.8 2.1 10.5 10.6
2007 8 4.2 6.1 -1.2 2.5 11.2 10.6
2007 7 4.8 6 1.1 2.4 9.9 10.8
2007 6 6.4 5.9 3.2 2 9.6 11.1
2007 5 4.6 6 2.4 2.2 4.6 11.5
2007 4 4.2 6.5 2.1 2.7 5.4 12.4
2007 3 5.2 7.2 1.7 3.3 8.9 13.4
2007 2 7.1 7.7 3.3 3.9 11 14
2007 1 8 8 -0.1 4.4 19.3 14
2006 12 8.5 8.2 3.9 5.6 17.3 12.8
2006 11 7.8 8.5 5.4 6.4 12.1 11.6
2006 10 6.1 9 4.7 7.5 9 11.1
2006 9 6.3 10 4.3 9 10.6 11.2
2006 8 3.7 11.4 -2.3 11 14.5 11.5
2006 7 3 13.5 -3.7 14.5 13.6 11.3
2006 6 8.5 15.5 6.2 18 13.6 11
2006 5 10.5 16.4 8.6 19.1 14.5 11.2
2006 4 12.6 16.9 9.6 19.8 16.6 11.3
2006 3 12 17.4 9.3 20.7 16.3 11.1
2006 2 10.8 17.8 10.5 22.1 11.1 10
2006 1 10.7 17.9 14.7 22.9 4.3 9
2005 12 11.6 17.9 15.5 23.1 2.4 8.8
2005 11 15.1 17.8 19.7 22.9 6.8 9.1
2005 10 18.6 17.4 24.6 22.5 9.4 8.8
2005 9 24.3 16.8 29.5 21.8 14.6 8.3
2005 8 28.2 15.5 38.5 20.5 12.1 7.4
2005 7 26.1 14.2 35.7 18.6 10.7 7.1
2005 6 18.6 12.9 18 16.6 16.2 6.7
2005 5 16.8 12.5 15.7 16.3 16.6 6.5
2005 4 17.9 12.6 20.3 16.5 13.8 6.8
2005 3 16.3 12.5 25 16 3.6 7.3
2005 2 10.9 12.9 18.7 15.2 -0.4 9.4
2005 1 9.8 14 15.1 14.8 2 12.6
2004 12 10 15 12.1 14.5 5.9 15.5
2004 11 10 16.1 15.1 14.8 3.2 17.9
2004 10 10.7 17.1 15.4 14.6 3.4 20.7
2004 9 9.1 18.2 14.6 14.4 3.6 23.9
2004 8 13 19.1 16.3 13.7 9.1 26.9
2004 7 10.7 19.1 12.2 12.4 5.8 29
2004 6 14.1 19.4 14.5 11.3 14.7 32.3
2004 5 19.8 19.4 18.1 10.6 23.4 33.2
2004 4 17.5 18.5 14.4 9.4 22.5 32.9
2004 3 22.5 17.8 15.6 8.5 32.6 32.6
2004 2 24.8 16.5 14.5 7.2 41.1 31.2
2004 1 22.4 15 11.9 6.3 38 29
2003 12 23.8 14 15.4 6 34.8 27.2
2003 11 21.3 13 12.4 5.4 35.7 26
2003 10 23.6 12.3 13.2 5 40.7 24.6
2003 9 18.4 10.7 6.2 4 36.3 22.2
2003 8 12.4 10 0.9 3.9 30.9 20.5
2003 7 12.9 10 0.1 4.7 41.2 19
2003 6 14 10.1 6.2 6 22.2 16.6
2003 5 8.7 10 3.3 6.3 17.6 16.3
2003 4 8.3 10.1 3.3 6.9 16.9 15.6
2003 3 5.9 10.5 0.1 7.9 15.4 15
2003 2 7.3 11.4 3.5 9.7 14.2 14.3
2003 1 10.6 12.3 7.5 11.6 16.1 13.4


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