The annual variation rate of the CPI in Nigeria in July of 2023 was 24.1%, 13 tenths higher than the month before.The monthly variation rate of the CPI (Consumer Price Index) has been 2.9%, and thus the accumulated inflation in 2023 is 15.2%
We must highlight the increase of 3.4% in the prices of Food and non-alcoholic beverages, until its interannual rate reached 26.8%, which is in contrast to the decrease in the prices of Communication of 0.2%, and an interannual variation of 8.7%.
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