Nigeria Forecast: Consumer Price Index Growth
1996 - 2028 | Yearly | % | International Monetary Fund
Key information about Nigeria Consumer Price Index Growth Forecast
- Nigeria Consumer Price Index Growth is forecasted to be 15.795 % in Dec 2024 as reported by International Monetary Fund
- It records remained the same from the last reported number of 20.131 % in Dec 2023
- Looking ahead, Nigeria Consumer Price Index Growth is projected to stand at 14.000 % in Dec 2028
- The data is updated yearly and is categorized in CEIC under World Trend Plus’s Country Forecast – Table IMF.WEO: Consumer Price Index: Average Consumer Price: YoY
View Nigeria's Forecast: Consumer Price Index Growth from 1996 to 2028 in the chart:
What is Nigeria's Forecast: Consumer Price Index Growth in 2028?
Nigeria Consumer Price Index Growth is forecasted to be 15.795 % in Dec 2024 as reported by International Monetary Fund See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 14.000 2028 | 14.000 2027 | 5.401 2007 | 29.291 1996 | % | yearly | 1996 - 2028 |
Forecast: Consumer Price Index Growth by Country Comparison
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Includes Forecast: Consumer Price Index Growth on 195 economies standardised by CEIC. Instant access to full history data in excel.
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Afghanistan (%) | 13.709 2022 | yearly | 2003 - 2022 |
| Albania (%) | 3.024 2028 | yearly | 1990 - 2028 |
| Algeria (%) | 5.032 2028 | yearly | 1980 - 2028 |
| Andorra (%) | 1.700 2028 | yearly | 2002 - 2028 |
| Angola (%) | 8.890 2028 | yearly | 1980 - 2028 |
| Antigua and Barbuda (%) | 2.018 2028 | yearly | 1980 - 2028 |
| Argentina (%) | 32.469 2028 | yearly | 1998 - 2028 |
| Armenia (%) | 4.017 2028 | yearly | 1993 - 2028 |
| Aruba (%) | 1.998 2029 | yearly | 1987 - 2029 |
| Australia (%) | 2.574 2028 | yearly | 1980 - 2028 |
| Austria (%) | 2.059 2029 | yearly | 1980 - 2029 |
| Azerbaijan (%) | 4.000 2028 | yearly | 1993 - 2028 |
| Bahamas (%) | 1.982 2028 | yearly | 1980 - 2028 |
| Bahrain (%) | 2.003 2028 | yearly | 1980 - 2028 |
| Bangladesh (%) | 5.500 2028 | yearly | 1980 - 2028 |
| Barbados (%) | 2.427 2028 | yearly | 1980 - 2028 |
| Belarus (%) | 5.020 2028 | yearly | 1993 - 2028 |
| Belgium (%) | 1.970 2028 | yearly | 1980 - 2028 |
| Belize (%) | 1.207 2028 | yearly | 1980 - 2028 |
| Benin (%) | 2.000 2028 | yearly | 1980 - 2028 |
| Bhutan (%) | 3.960 2028 | yearly | 1980 - 2028 |
| Bolivia (%) | 3.500 2028 | yearly | 1980 - 2028 |
| Bosnia and Herzegovina (%) | 2.021 2028 | yearly | 1997 - 2028 |
| Botswana (%) | 4.500 2028 | yearly | 1980 - 2028 |
| Brazil (%) | 2.965 2028 | yearly | 1980 - 2028 |
| Brunei (%) | 1.000 2028 | yearly | 1982 - 2028 |
| Bulgaria (%) | 2.000 2028 | yearly | 1981 - 2028 |
| Burkina Faso (%) | 2.000 2028 | yearly | 1980 - 2028 |
| Burundi (%) | 7.000 2028 | yearly | 1980 - 2028 |
| Cambodia (%) | 3.000 2028 | yearly | 1987 - 2028 |
| Cameroon (%) | 2.000 2028 | yearly | 1980 - 2028 |
| Canada (%) | 1.968 2028 | yearly | 1980 - 2028 |
| Cape Verde (%) | 2.000 2028 | yearly | 1980 - 2028 |
| Central African Republic (%) | 2.535 2028 | yearly | 1980 - 2028 |
| Chad (%) | 2.968 2028 | yearly | 1980 - 2028 |
| Chile (%) | 3.041 2028 | yearly | 1980 - 2028 |
| China (%) | 2.200 2028 | yearly | 1981 - 2028 |
| Colombia (%) | 2.960 2028 | yearly | 1980 - 2028 |
| Comoros (%) | 1.967 2028 | yearly | 1980 - 2028 |
| Congo (%) | 3.000 2028 | yearly | 1980 - 2028 |
| Costa Rica (%) | 3.000 2028 | yearly | 1980 - 2028 |
| Croatia (%) | 2.079 2028 | yearly | 1993 - 2028 |
| Cyprus (%) | 2.000 2028 | yearly | 1980 - 2028 |
| Czech Republic (%) | 2.000 2028 | yearly | 1996 - 2028 |
| Democratic Republic of Congo (%) | 6.000 2028 | yearly | 1980 - 2028 |
| Denmark (%) | 2.000 2028 | yearly | 1980 - 2028 |
| Djibouti (%) | 2.500 2028 | yearly | 1992 - 2028 |
| Dominica (%) | 2.000 2028 | yearly | 1980 - 2028 |
| Dominican Republic (%) | 4.033 2028 | yearly | 1980 - 2028 |
| Ecuador (%) | 1.543 2028 | yearly | 1980 - 2028 |
| Egypt (%) | 9.499 2028 | yearly | 1980 - 2028 |
| El Salvador (%) | 1.700 2028 | yearly | 1980 - 2028 |
| Equatorial Guinea (%) | 3.000 2028 | yearly | 1981 - 2028 |
| Eritrea (%) | 4.370 2028 | yearly | 1993 - 2028 |
| Estonia (%) | 2.500 2028 | yearly | 1994 - 2028 |
| Swaziland (%) | 4.406 2028 | yearly | 1980 - 2028 |
| Ethiopia (%) | 12.608 2028 | yearly | 1980 - 2028 |
| Fiji (%) | 2.500 2028 | yearly | 1980 - 2028 |
| Finland (%) | 2.000 2029 | yearly | 1980 - 2029 |
| France (%) | 1.557 2028 | yearly | 1980 - 2028 |
| Gabon (%) | 2.662 2028 | yearly | 1980 - 2028 |
| Gambia (%) | 5.000 2028 | yearly | 1980 - 2028 |
| Georgia (%) | 3.007 2028 | yearly | 1997 - 2028 |
| Germany (%) | 1.964 2028 | yearly | 1980 - 2028 |
| Ghana (%) | 8.000 2028 | yearly | 1980 - 2028 |
| Greece (%) | 1.894 2029 | yearly | 1980 - 2029 |
| Grenada (%) | 1.999 2028 | yearly | 1980 - 2028 |
| Guatemala (%) | 3.970 2028 | yearly | 1980 - 2028 |
| Guinea (%) | 7.500 2028 | yearly | 1980 - 2028 |
| Guinea-Bissau (%) | 2.000 2028 | yearly | 1980 - 2028 |
| Guyana (%) | 5.032 2028 | yearly | 1980 - 2028 |
| Haiti (%) | 9.726 2028 | yearly | 1980 - 2028 |
| Honduras (%) | 4.000 2028 | yearly | 1980 - 2028 |
| Hong Kong SAR, China (%) | 2.500 2028 | yearly | 1980 - 2028 |
| Hungary (%) | 3.057 2028 | yearly | 1980 - 2028 |
| Iceland (%) | 2.500 2029 | yearly | 1980 - 2029 |
| India (%) | 4.000 2029 | yearly | 1980 - 2029 |
| Indonesia (%) | 2.461 2028 | yearly | 1980 - 2028 |
| Iran (%) | 25.000 2028 | yearly | 1980 - 2028 |
| Iraq (%) | 2.000 2028 | yearly | 2005 - 2028 |
| Ireland (%) | 2.000 2029 | yearly | 1980 - 2029 |
| Israel (%) | 2.085 2028 | yearly | 1980 - 2028 |
| Italy (%) | 2.000 2029 | yearly | 1980 - 2029 |
| Ivory Coast (%) | 2.000 2028 | yearly | 1980 - 2028 |
| Jamaica (%) | 5.000 2028 | yearly | 1980 - 2028 |
| Japan (%) | 2.004 2029 | yearly | 1980 - 2029 |
| Jordan (%) | 2.489 2028 | yearly | 1980 - 2028 |
| Kazakhstan (%) | 4.698 2028 | yearly | 1993 - 2028 |
| Kenya (%) | 5.000 2028 | yearly | 1980 - 2028 |
| Kiribati (%) | 1.800 2028 | yearly | 1980 - 2028 |
| South Korea (%) | 2.000 2028 | yearly | 1980 - 2028 |
| Kosovo (%) | 2.000 2028 | yearly | 2001 - 2028 |
| Kuwait (%) | 2.011 2028 | yearly | 1980 - 2028 |
| Kyrgyzstan (%) | 4.000 2028 | yearly | 1993 - 2028 |
| Laos (%) | 3.000 2028 | yearly | 1980 - 2028 |
| Latvia (%) | 2.479 2028 | yearly | 1993 - 2028 |
| Lebanon (%) | 84.880 2020 | yearly | 1980 - 2020 |
| Lesotho (%) | 5.500 2028 | yearly | 1980 - 2028 |
| Liberia (%) | 4.988 2028 | yearly | 1999 - 2028 |
| Libya (%) | 2.863 2028 | yearly | 1980 - 2028 |
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| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -4.8 Sep 2023 | quarterly | Dec 2010 - Sep 2023 |
| Consolidated Fiscal Balance (USD mn) | -3,071.175 Sep 2023 | quarterly | Mar 2005 - Sep 2023 |
| National Government Debt (USD mn) | 101,710.7 Dec 2023 | quarterly | Dec 2006 - Dec 2023 |
| Government Debt: % of GDP (%) | 39.8 Dec 2023 | quarterly | Dec 2010 - Dec 2023 |
| Forecast: Government Expenditure (NGN bn) | 99,387.936 2029 | yearly | 1990 - 2029 |
| Forecast: Government Net Debt (NGN bn) | 205,772.040 2028 | yearly | 1990 - 2028 |
| Forecast: Government Revenue (NGN bn) | 74,924.965 2029 | yearly | 1990 - 2029 |
| Federal Govt Balance (NGN bn) | -2,347.160 Sep 2023 | quarterly | Mar 2005 - Sep 2023 |
| Federal Govt Expenditure: Capital (NGN bn) | 1,043.310 Sep 2023 | quarterly | Mar 2005 - Sep 2023 |
| Gross Federation Account Revenue (NGN bn) | 4,791.390 Sep 2023 | quarterly | Mar 2005 - Sep 2023 |
| Federal Govt Expenditure: Recurrent (NGN bn) | 2,791.110 Sep 2023 | quarterly | Mar 2005 - Sep 2023 |
| Gross Federation Account Revenue: Oil (NGN bn) | 814.230 Sep 2023 | quarterly | Mar 2005 - Sep 2023 |
| Federal Govt Expenditure (NGN bn) | 4,040.180 Sep 2023 | quarterly | Mar 2005 - Sep 2023 |
| Federal Govt Revenue (NGN bn) | 1,693.020 Sep 2023 | quarterly | Mar 2005 - Sep 2023 |
| Government Debt: Domestic (NGN bn) | 53,258.012 Dec 2023 | quarterly | Dec 2005 - Dec 2023 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | -1.879 2028 | yearly | 1991 - 2028 |
| Trade Balance (USD mn) | 1,889.4 Sep 2023 | monthly | Jan 2003 - Sep 2023 |
| Total Exports (USD mn) | 4,751.7 Dec 2023 | monthly | Jan 2003 - Dec 2023 |
| Total Exports Growth (%) | 82.1 Dec 2023 | monthly | Jan 2004 - Dec 2023 |
| Aluminum: Exports (USD th) | 165,856.846 2022 | yearly | 1995 - 2022 |
| Exports: Medicament (USD th) | 2,876.353 2022 | yearly | 1995 - 2022 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 480.530 2022 | yearly | 1995 - 2022 |
| Total Imports (USD mn) | 2,989.3 Mar 2023 | monthly | Jan 2003 - Mar 2023 |
| Total Imports Growth (%) | 34.5 Sep 2023 | monthly | Jan 2004 - Sep 2023 |
| Imports: Medicament (USD th) | 755,360.705 2022 | yearly | 1995 - 2022 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 508,406.689 2022 | yearly | 1995 - 2022 |
| Total Exports to USA (USD mn) | 332.105 Dec 2023 | monthly | Jan 2003 - Dec 2023 |
| Total Imports from USA (USD mn) | 176.789 Dec 2023 | monthly | Dec 2009 - Dec 2023 |
| Total Exports to China (USD mn) | 24.772 Sep 2023 | monthly | Jan 2007 - Sep 2023 |
| Total Imports from China (USD mn) | 715.679 Sep 2023 | monthly | Jan 2007 - Sep 2023 |
| Imports (NGN mn) | 2,429,185.197 Sep 2023 | monthly | Jan 2003 - Sep 2023 |
| Exports: Crude Oil (NGN mn) | 3,404,818.113 Dec 2023 | monthly | Jan 2003 - Dec 2023 |
| Total Trade (NGN mn) | 6,865,948.584 Dec 2023 | monthly | Jan 2003 - Dec 2023 |
| Exports: America: ow USA (NGN mn) | 299,453.208 Dec 2023 | monthly | Jan 2003 - Dec 2023 |
| Exports: Europe: ow Netherlands (NGN mn) | 523,568.988 Dec 2023 | monthly | Jan 2003 - Dec 2023 |
| Exports: Europe: ow UK (NGN mn) | 93,037.938 Dec 2023 | monthly | Jan 2003 - Dec 2023 |
| Exports (NGN mn) | 4,284,566.609 Dec 2023 | monthly | Jan 2003 - Dec 2023 |
| Exports: Vegetable Products (NGN mn) | 316,546.604 2022 | yearly | 2003 - 2022 |
| Exports: Mineral Products (NGN mn) | 24,389,951.388 2022 | yearly | 2003 - 2022 |
| Imports: Europe: ow Netherlands (NGN mn) | 158,090.619 Dec 2023 | monthly | Jan 2003 - Dec 2023 |
| Imports: Asia: ow China (NGN mn) | 631,502.155 Dec 2023 | monthly | Jan 2007 - Dec 2023 |
| Imports: Europe: ow Germany (NGN mn) | 68,742.651 Sep 2023 | monthly | Jan 2003 - Sep 2023 |
| Imports: Europe: ow UK (NGN mn) | 71,966.938 Sep 2023 | monthly | Jan 2003 - Sep 2023 |
| Imports: America: ow USA (NGN mn) | 159,407.643 Dec 2023 | monthly | Jan 2003 - Dec 2023 |
| Imports: Chemicals and Chemical Products (NGN mn) | 385,751.608 Dec 2023 | monthly | Jan 2003 - Dec 2023 |
| Imports: Manufactured Goods (NGN mn) | 184,959.341 Sep 2023 | monthly | Jan 2003 - Sep 2023 |
| Imports: Mineral Fuels, Lubricants and Related Materials (NGN mn) | 810,486.908 Dec 2023 | monthly | Jan 2003 - Dec 2023 |
| Imports: Food and Live Animals (NGN mn) | 364,417.505 Dec 2023 | monthly | Jan 2003 - Dec 2023 |
| Imports: Machinery and Transport Equipment (NGN mn) | 639,703.694 Sep 2023 | monthly | Jan 2003 - Sep 2023 |
| Balance of Payments | Last | Frequency | Range |
|---|---|---|---|
| Direct Investment Abroad (USD mn) | 44.0 Sep 2023 | quarterly | Mar 2008 - Sep 2023 |
| Current Account Balance (USD mn) | 1,545.4 Sep 2023 | quarterly | Mar 2014 - Sep 2023 |
| Current Account Balance: % of GDP (%) | 1.9 Sep 2023 | quarterly | Mar 2014 - Sep 2023 |
| Foreign Direct Investment (USD mn) | 1,197.6 Mar 2023 | quarterly | Mar 2014 - Mar 2023 |
| Foreign Direct Investment: % of GDP (%) | 1.1 Sep 2023 | quarterly | Mar 2010 - Sep 2023 |
| Foreign Portfolio Investment (USD mn) | 2,876.923 Sep 2023 | quarterly | Mar 2008 - Sep 2023 |
| Foreign Portfolio Investment: % of GDP (%) | 3.6 Sep 2023 | quarterly | Mar 2010 - Sep 2023 |
| Foreign Portfolio Investment: Equity Securities (USD mn) | 270.9 Sep 2023 | quarterly | Mar 2008 - Sep 2023 |
| Foreign Portfolio Investment: Debt Securities (USD mn) | 2,606.059 Sep 2023 | quarterly | Mar 2008 - Sep 2023 |
| External Debt (USD mn) | 42,495.2 Dec 2023 | quarterly | Dec 2006 - Dec 2023 |
| External Debt: % of GDP (%) | 11.9 2023 | yearly | 1985 - 2023 |
| External Debt: Short Term (USD mn) | 1,005.6 2020 | yearly | 2008 - 2020 |
| External Debt: Short Term: % of GDP (%) | 0.2 2020 | yearly | 2008 - 2020 |
| Forecast: Current Account Balance (USD bn) | 0.890 2028 | yearly | 1980 - 2028 |
| Net International Investment Position (USD mn) | -90,273.874 2022 | yearly | 2005 - 2022 |
| External Debt: Service Payments (USD mn) | 194.440 Dec 2018 | quarterly | Mar 2008 - Dec 2018 |
| External Debt: Government (USD mn) | 42,495.160 Dec 2023 | quarterly | Dec 2006 - Dec 2023 |
| External Debt: Government: International Capital Market (USD mn) | 15,118.350 Dec 2023 | quarterly | Mar 2011 - Dec 2023 |
| Capital Inflow: Foreign Direct Investment (USD) | 20,080,525.860 Nov 2022 | monthly | Jan 2007 - Nov 2022 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 6.1 2019 | yearly | 2003 - 2019 |
| Non-Performing Loans (USD mn) | 3,315.011 Mar 2021 | quarterly | Mar 2007 - Mar 2021 |
| Money Supply M1 (USD mn) | 24,423.728 Mar 2024 | monthly | Nov 1992 - Mar 2024 |
| Money Supply M2 (USD mn) | 69,409.454 Mar 2024 | monthly | Nov 1992 - Mar 2024 |
| M2 Growth (%) | 70.4 Mar 2024 | monthly | Nov 1993 - Mar 2024 |
| Reserve Requirement Ratio (%) | 45.0 Apr 2024 | monthly | Nov 2005 - Apr 2024 |
| Foreign Exchange Reserves (USD mn) | 33,217.6 Dec 2023 | monthly | Jan 1960 - Dec 2023 |
| Foreign Exchange Reserves: % of GDP (%) | 8.942 Dec 2023 | quarterly | Dec 2010 - Dec 2023 |
| Foreign Exchange Reserves: Months of Import (NA) | 11.6 Dec 2023 | monthly | Jan 2003 - Dec 2023 |
| Gold Reserves (USD mn) | 1,273.284 Sep 2023 | monthly | Dec 1950 - Sep 2023 |
| Total Deposits (USD mn) | 84,213.801 Dec 2019 | monthly | Nov 1992 - Dec 2019 |
| Total Deposits Growth (%) | 2.6 Dec 2019 | monthly | Nov 1993 - Dec 2019 |
| Domestic Credit (USD mn) | 68,258.1 Mar 2024 | monthly | Nov 1992 - Mar 2024 |
| Domestic Credit Growth (%) | 28.7 Mar 2024 | monthly | Nov 1993 - Mar 2024 |
| Private Debt: % of Nominal GDP (%) | 16.22 Sep 2023 | quarterly | Dec 2010 - Sep 2023 |
| Monetary Survey: Liabilities: Base Money (NGN mn) | 23,384,818.660 Mar 2024 | monthly | Jan 1993 - Mar 2024 |
| Monetary Survey: Liabilities: M2: M1 (NGN mn) | 32,489,908.180 Mar 2024 | monthly | Nov 1992 - Mar 2024 |
| Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) | 59,842,712.030 Mar 2024 | monthly | Nov 1992 - Mar 2024 |
| Monetary Survey: Liabilities: M2 (NGN mn) | 92,332,620.210 Mar 2024 | monthly | Nov 1992 - Mar 2024 |
| Monetary Survey: Liabilities: M3 (NGN mn) | 35,345,802.020 Jun 2020 | monthly | Nov 1992 - Jun 2020 |
| Non Performing Loans to Gross Loans (%) | 4.210 Dec 2022 | semiannually | Dec 2003 - Dec 2022 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | -0.6 Nov 2023 | monthly | Jul 2015 - Nov 2023 |
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