Inflation Rate 2024 In Nigeria. In april 2024, the headline inflation rate rose to 33.69%, up from 33.20% in march 2024, marking an increase of 0.49% points according to the nigeria bureau of statistics (nbs). Core inflation rate in nigeria averaged 11.86 percent from 2007 until 2024, reaching an all time high of 27.47 percent in july of 2024 and a record low of 0.49 percent in march of 2008.
In july 2024, inflation rate for nigeria was 33.3 %. Higher inflation rates are typically more present in emerging economies.