Nigeria’s inflation rate escalated to 33.69% in april 2024, a slight uptick from 33.20% in march, primarily fueled by rising food and energy. Looking at the trend, december 2022 inflation rate showed a decline of 0.13% when compared to november 2022 inflation rate.
Nigeria inflation rate for 2021 was 16.95% , a 3.71% increase from 2020. Looking at the movement, the march 2024 headline inflation rate showed an increase of 1.50% points when compared to the february 2024 headline inflation rate.
Core Inflation Rate In Nigeria Averaged 11.71 Percent From 2007 Until 2024, Reaching An All Time High Of 27.04 Percent In May Of 2024 And A Record Low Of 0.49 Percent In March Of.
Nigeria’s inflation rate rose to 33.69% in april 2024 compared to march 2024 headline inflation rate which was 33.20%.
Nigeria Inflation Rate For 2020.
The 2022 average figure was 18.8%.
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Nigeria’s Headline Inflation Rate Accelerated To The 17Th Straight Month Of 33.95% In May 2024 From 33.69% In The Prior Month, Marking The Highest Reading Since March 1996.
Nigeria's inflation rate accelerated further in january and reached almost 30% in annual terms, driven by soaring food costs and the fall of the country's naira.
In February 2024, Nigeria’s Headline Inflation Rate Rose To 31.70%, Up From 29.90% In January 2024, Marking An Increase Of 1.80%.
Looking at the trend, december 2022 inflation rate showed a decline of 0.13% when compared to november 2022 inflation rate.