Inflation Nigeria 2012
Average inflation: 12.2%
Current Inflation
Inflation is very high at 12.2%, far above the ECB target.
Peak and Trough
The highest inflation was in April at 12.9%. The lowest inflation was in September at 11.3%.
- Highest month
- April: 12.9%
- Lowest month
- September: 11.3%
- Difference
- 1.6 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 17.7%. The lowest price increase was in Food with an average of 11.2%.
- Highest increase
- Energy: 17.7%
- Lowest increase
- Food: 11.2%
Historical Context
Current inflation is around the 5-year average of 12.2%.
- 5-year average
- 12.2%
- 10-year average
- 10.7%
- All-time high (2010)
- 13.8%
- All-time low (2007)
- 5.4%
Trend
Inflation shows a downward trend. Compared to 2011, inflation has fallen by +1.4 percentage point.
- Change vs. previous year
- +1.4 percentage points
- Largest monthly swing
- July: +3.4 percentage points
ECB Target
Inflation is 10.2% 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 €112.20 next year at this inflation rate.
Multi-year trend
Monthly figures 2012
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2011 |
|---|---|---|
| January | 12.6% | +0.5 |
| February | 11.9% | +0.8 |
| March | 12.1% | -0.7 |
| April | 12.9% | +1.6 |
| May | 12.7% | +0.3 |
| June | 12.9% | +2.7 |
| July | 12.8% | +3.4 |
| August | 11.7% | +2.4 |
| September | 11.3% | +1.0 |
| October | 11.7% | +1.2 |
| November | 12.3% | +1.8 |
| December | 12.0% | +1.7 |
| Average | 12.2% |
Data source
Data from WorldBank. Last updated: 06/01/2026.