Inflation Nigeria 2015
Average inflation: 9.0%
Current Inflation
Inflation is very high at 9.0%, far above the ECB target.
Peak and Trough
The highest inflation was in December at 9.6%. The lowest inflation was in January at 8.2%.
- Highest month
- December: 9.6%
- Lowest month
- January: 8.2%
- Difference
- 1.4 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 9.8%. The lowest price increase was in Energy with an average of 7.2%.
- Highest increase
- Food: 9.8%
- Lowest increase
- Energy: 7.2%
Historical Context
Current inflation is 0.7% lower than the 5-year average of 9.7%.
- 5-year average
- 9.7%
- 10-year average
- 10%
- All-time high (2010)
- 13.8%
- All-time low (2007)
- 5.4%
Trend
Inflation has remained relatively stable. Compared to 2014, the difference is minimal (+0.9 percentage point).
- Change vs. previous year
- +0.9 percentage points
- Largest monthly swing
- December: +1.6 percentage points
ECB Target
Inflation is 7.0% 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 €109.00 next year at this inflation rate.
Multi-year trend
Monthly figures 2015
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2014 |
|---|---|---|
| January | 8.2% | +0.2 |
| February | 8.4% | +0.7 |
| March | 8.5% | +0.7 |
| April | 8.7% | +0.8 |
| May | 9.0% | +1.0 |
| June | 9.2% | +1.0 |
| July | 9.2% | +0.9 |
| August | 9.3% | +0.8 |
| September | 9.4% | +1.1 |
| October | 9.3% | +1.2 |
| November | 9.4% | +1.5 |
| December | 9.6% | +1.6 |
| Average | 9.0% |
Data source
Data from WorldBank. Last updated: 06/01/2026.