Inflation Nigeria 2009
Average inflation: 12.6%
Current Inflation
Inflation is very high at 12.6%, far above the ECB target.
Peak and Trough
The highest inflation was in February at 14.6%. The lowest inflation was in September at 10.4%.
- Highest month
- February: 14.6%
- Lowest month
- September: 10.4%
- Difference
- 4.2 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 14.8%. The lowest price increase was in Energy with an average of 8.3%.
- Highest increase
- Food: 14.8%
- Lowest increase
- Energy: 8.3%
Historical Context
Current inflation is 3.1% higher than the 5-year average of 9.5%. This approaches the highest level since records began (12.6% in 2009).
- 5-year average
- 9.5%
- 10-year average
- 9.5%
- All-time high (2009)
- 12.6%
- All-time low (2007)
- 5.4%
Trend
Inflation shows an upward trend. Compared to 2008, inflation has risen by +1.1 percentage point.
- Change vs. previous year
- +1.1 percentage points
- Largest monthly swing
- March: +6.6 percentage points
ECB Target
Inflation is 10.6% 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 €112.60 next year at this inflation rate.
Multi-year trend
Monthly figures 2009
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2008 |
|---|---|---|
| January | 14.0% | +5.4 |
| February | 14.6% | +6.6 |
| March | 14.4% | +6.6 |
| April | 13.3% | +5.1 |
| May | 13.2% | +3.5 |
| June | 11.2% | -0.8 |
| July | 11.1% | -2.8 |
| August | 11.0% | -1.4 |
| September | 10.4% | -2.6 |
| October | 11.6% | -3.1 |
| November | 12.4% | -2.4 |
| December | 13.9% | -1.2 |
| Average | 12.6% |
Data source
Data from WorldBank. Last updated: 06/01/2026.