Inflation Nigeria 2013
Average inflation: 8.5%
Current Inflation
Inflation is very high at 8.5%, far above the ECB target.
Peak and Trough
The highest inflation was in February at 9.5%. The lowest inflation was in October at 7.8%.
- Highest month
- February: 9.5%
- Lowest month
- October: 7.8%
- Difference
- 1.7 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 9.8%. The lowest price increase was in Food with an average of 9.5%.
- Highest increase
- Energy: 9.8%
- Lowest increase
- Food: 9.5%
Historical Context
Current inflation is 3.1% lower than the 5-year average of 11.6%.
- 5-year average
- 11.6%
- 10-year average
- 10.4%
- All-time high (2010)
- 13.8%
- All-time low (2007)
- 5.4%
Trend
Inflation shows a downward trend. Compared to 2012, inflation has fallen by +3.7 percentage point.
- Change vs. previous year
- -3.7 percentage points
- Largest monthly swing
- June: -4.5 percentage points
ECB Target
Inflation is 6.5% 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 €108.50 next year at this inflation rate.
Multi-year trend
Monthly figures 2013
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2012 |
|---|---|---|
| January | 9.0% | -3.6 |
| February | 9.5% | -2.4 |
| March | 8.6% | -3.5 |
| April | 9.1% | -3.8 |
| May | 9.0% | -3.7 |
| June | 8.4% | -4.5 |
| July | 8.7% | -4.1 |
| August | 8.2% | -3.5 |
| September | 8.0% | -3.3 |
| October | 7.8% | -3.9 |
| November | 7.9% | -4.4 |
| December | 8.0% | -4.0 |
| Average | 8.5% |
Data source
Data from WorldBank. Last updated: 06/01/2026.