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Forecasted inflation rate in Nigeria 2021-2025

In 2021, Nigeria's inflation rate is projected to reach 12.7 percent. In January 2021, the inflation rate in urban areas of Nigeria grew by 17 percent compared to the previous months, while the rural inflation rate experienced an increase of 15.9 percent. In 2020, Nigeria recorded one of the highest inflation rates worldwide.

Forecasted inflation rate in Nigeria from 2021 to 2025

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Source

Release date

October 2020

Region

Nigeria

Survey time period

2020

Supplementary notes

Figures have been rounded.
Compared to the previous year.

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Statistics on "Prices and inflation in Nigeria"

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