Nigeria Inflation Rate

Last Release

Oct 31, 2025

Actual

16.05

Units In

18.02

Frequency

Monthly

Next Release

Dec 16, 2025

Time to Release

27 Days 11 Hours

Highest	Lowest	Average	Date Range	Source
47.56 Jan 1996	-2.49 Jan 2000	14.18 %	1996-2025	N/A

In Nigeria, the Consumer Price Index (CPI) measures the change over time in prices of 740 goods and services consumed by people for day-to-day living. The index weights are based on expenditures of both urban and rural households in the 36 states. The most important categories in the CPI are Food and Non Alcoholic Beverages (51.8 percent of total weight); Housing, Water, Electricity, Gas and Other Fuel (16.7 percent) and Clothing and Footwear (7.7 percent). Transports account for 6.5 percent of total index and Furnishings and Household Equipment Maintenance for 5 percent. Education represents 3.9 percent of total weight, Health 3 percent, Miscellaneous Goods and Services 1.7 percent and Restaurants and Hotels 1.2 percent. Alcoholic Beverages, Tobacco and Kola account for 1.1 percent of total index, Communications for 0.7 percent and Recreation and Culture for the remaining 0.7 percent.

Latest Updates

Nigeria’s annual inflation rate fell further to 16.05% in October 2025, the softest since March 2022, from 18.02% in the prior month. This marked the seventh consecutive month of slowing price growth. Food inflation, the largest component of the inflation basket, recorded another sharp decline to 13.12%, from 16.87% in September, helped by the ongoing harvest and a stronger currency. The core inflation rate, which strips out the volatile prices of agricultural produce and energy, slowed for the fourth month to 18.7% in October, the lowest since February 2023, from 19.5% in September. On a monthly basis, the CPI rose by 0.9% In October, after increasing by 0.7% in the prior month.