Inflation Niger 2024
Average inflation: 9.1%
Current Inflation
Inflation is very high at 9.1%, far above the ECB target.
Peak and Trough
The highest inflation was in June at 15.5%. The lowest inflation was in November at 3.7%.
- Highest month
- June: 15.5%
- Lowest month
- November: 3.7%
- Difference
- 11.8 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of -1.3%. The lowest price increase was in Energy with an average of -1.3%.
- Highest increase
- Energy: -1.3%
- Lowest increase
- Energy: -1.3%
Historical Context
Current inflation is 4.4% higher than the 5-year average of 4.7%. This approaches the highest level since records began (9.1% in 2024).
- 5-year average
- 4.7%
- 10-year average
- 2.8%
- All-time high (2024)
- 9.1%
- All-time low (2019)
- -2.5%
Trend
Inflation shows an upward trend. Compared to 2023, inflation has risen by +5.4 percentage point.
- Change vs. previous year
- +5.4 percentage points
- Largest monthly swing
- June: +13.8 percentage points
ECB Target
Inflation is 7.1% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €109.10 next year at this inflation rate.
Multi-year trend
Monthly figures 2024
Month overview
| Month | Inflation | Difference vs. 2023 |
|---|---|---|
| January | 6.9% | +4.8 |
| February | 8.1% | +7.0 |
| March | 8.6% | +7.3 |
| April | 11.0% | +10.0 |
| May | 13.0% | +12.7 |
| June | 15.5% | +13.8 |
| July | 15.0% | +11.9 |
| August | 10.2% | +5.4 |
| September | 7.6% | -0.2 |
| October | 5.2% | -2.1 |
| November | 3.7% | -3.1 |
| December | 4.6% | -2.6 |
| Average | 9.1% |
Data source
Data from WorldBank. Last updated: 06/01/2026.