Nigeria Nigeria - Consumer Price Index - CPI

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CPI Nigeria December of 2022

Nigerians CPI goes down to 21.3%

The annual variation rate of the CPI in Nigeria in December of 2022 was 21.3%, 2 tenths less than the month before.The monthly variation rate of the CPI (Consumer Price Index) has been 1.7%, and thus the accumulated inflation in 2022 is 21.3%

We must highlight the increase of 1.9% in the prices of Food and non-alcoholic beverages, until its interannual rate reached 23.7%, which is in contrast to the decrease in the prices of Recreation and culture of 0.5%, and an interannual variation of 15.7%.

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 December 2022
 InterannualAccum. since JanuaryMonthly variation
CPI (overall index) [+]21.3%
21.3%
1.7%
Food and non-alcoholic beverages [+]23.7%
23.7%
1.9%
Alcoholic beverages and tobacco [+]18.1%
18.1%
1.2%
Clothing and footwear [+]17.6%
17.6%
1.3%
Housing, water, electricity, gas and other fuels [+]17.5%
17.5%
1.5%
Furniture, household equipment and maintenance [+]17.0%
17.0%
1.3%
Health [+]18.2%
18.2%
1.5%
Transport [+]20.2%
20.2%
1.8%
Communication [+]11.2%
11.2%
0.6%
Recreation and culture [+]15.7%
15.7%
0.5%
Education [+]18.4%
18.4%
1.7%
Restaurants and hotels [+]17.1%
17.1%
1.5%
Miscellaneous goods and services [+]18.6%
18.6%
1.7%
< CPI 2022-11
Nigeria: CPI annual
 2021  2020 
CPI (overall index) [+]15.6%
15.8%
Food and non-alcoholic beverages [+]17.3%
19.5%
Alcoholic beverages and tobacco [+]13.7%
11.3%
Clothing and footwear [+]15.1%
11.8%
Housing, water, electricity, gas and other fuels [+]11.1%
9.1%
Furniture, household equipment and maintenance [+]14.5%
11.3%
Health [+]14.9%
14.1%
Transport [+]15.1%
13.1%
Communication [+]10.5%
9.8%
Recreation and culture [+]13.5%
10.9%
Education [+]12.9%
10.4%
Restaurants and hotels [+]13.1%
10.8%
Miscellaneous goods and services [+]14.1%
11.9%