The annual variation rate of the CPI in Nigeria in May of 2024 was 34%, 3 tenths higher than the month before.The monthly variation rate of the CPI (Consumer Price Index) has been 2.1%, and thus the accumulated inflation in 2024 is 13.9%
We must highlight the increase of 2.4% in the prices of Transport, until its interannual rate reached 25.6%, which is in contrast to the decrease in the prices of Communication of 0.2%, and an interannual variation of 3.4%.
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