Nigeria Nigeria - Consumer Price Index - CPI

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CPI Nigeria February of 2024

Nigeria: CPI goes up in February of 2024

The annual variation rate of the CPI in Nigeria in February of 2024 was 31.7%, 18 tenths higher than the month before.The monthly variation rate of the CPI (Consumer Price Index) has been 3.1%, and thus the accumulated inflation in 2024 is 5.8%

We must highlight the increase of 3.8% in the prices of Food and non-alcoholic beverages, until its interannual rate reached 37.7%, which is in contrast to the decrease in the prices of Communication of 0.1%, and an interannual variation of 4.9%.

In this page we show you the progression of the CPI in Nigeria. You can see the inflation in other countries in CPI and see all the information about Nigeria in Nigeria's economy

CPI Nigeria February 2024
 InterannualAccum. since JanuaryMonthly variation
CPI (overall index) [+]31.7%
5.8%
3.1%
Food and non-alcoholic beverages [+]37.7%
3.8%
Alcoholic beverages and tobacco [+]19.3%
2.3%
Clothing and footwear [+]16.8%
1.3%
Housing, water, electricity, gas and other fuels [+]26.0%
2.5%
Furniture, household equipment and maintenance [+]17.0%
1.8%
Health [+]25.0%
2.0%
Transport [+]26.1%
1.8%
Communication [+]4.9%
0.1%
Recreation and culture [+]9.4%
1.3%
Education [+]18.8%
1.6%
Restaurants and hotels [+]25.1%
2.2%
Miscellaneous goods and services [+]21.2%
2.1%
< CPI 2024-01
Nigeria: CPI annual
 2023  2022 
CPI (overall index) [+]28.9%
21.3%
Food and non-alcoholic beverages [+]33.7%
23.7%
Alcoholic beverages and tobacco [+]16.6%
18.1%
Clothing and footwear [+]16.8%
17.6%
Housing, water, electricity, gas and other fuels [+]24.0%
17.5%
Furniture, household equipment and maintenance [+]16.5%
17.0%
Health [+]23.9%
18.2%
Transport [+]26.7%
20.2%
Communication [+]5.8%
11.2%
Recreation and culture [+]8.9%
15.7%
Education [+]19.4%
18.4%
Restaurants and hotels [+]24.3%
17.1%
Miscellaneous goods and services [+]21.1%
18.6%