Nigeria Inflation Rate 2024. In january 2024, the headline inflation rate increased to 29.90% relative to the december 2023 headline inflation rate which was 28.92%. Nigeria’s inflation rate in june 2024 surged from 33.95% in may 2024 to 34.19% in june according to the latest report from the national bureau of statistics, (nbs).

Nigeria inflation rate for 2022 was 18.85%, a 1.89% increase from 2021. Looking at the movement, the january 2024 headline inflation rate showed an increase of 0.98% points when compared to the december 2023 headline inflation rate.