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Data from World Bank. Forecasts by Sigmanomics Forecast Engine.
NigeriaNigeria Inflation, consumer prices (annual %) climbed to 24.66 Percentage (%) in January 2023
World BankYearlyReleased January 2023
Nigeria Inflation, consumer prices (annual %) climbed to 24.66 Percentage (%) in January 2023, up 5.81 Percentage (%) from December's 18.85 Percentage (%) reading.
Latest Release
24.66
Latest (2023)
18.85
Previous
World Bank
Source
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Moves with | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Moves with | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Moves with | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Moves with | → View |
| USD/JPY | ▲ Direct | +0.30 | FOREX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Inflation, Consumer Prices (Annual %) (Nigeria) was reported at 23.01 Percent in December 2025. The reading fell from the previous value of 33.24 Percent. This is classified as a high-impact indicator released on a yearly basis.
WHY IT MATTERS
In December readings over the past 3 years, Inflation, Consumer Prices (Annual %) has averaged 26.97 Percent.
Auto-generated from current model state · Refreshes on each release · Last update December 2025.
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Inflation, consumer prices (annual %) - NG
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About Inflation, consumer prices (annual %) — Nigeria
DEFINITION
Nigeria's Inflation, Consumer Prices (Annual %) for December 2025 came in at 23.010124%, down sharply from November 2024's 33.241659%. This decline signals a significant easing in inflationary pressures over the year. Market focus will remain on upcoming monetary policy decisions as inflation trends moderate. Updated 7/1/26
WHY THIS INDICATOR MATTERS
Inflation prints feed directly into central-bank policy expectations and real-yield calculations, and are among the most rate-sensitive releases on the calendar. Surprises against consensus typically move rates and currencies on release. Released annually.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection.
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EXPECTED ZONE
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Economic Calendar - NG Events
| Friday, July 31, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 09:40 | NG | Foreign Exchange Reserves | 51.92 | 51.29 | 51.5 | 51.71 | Low |
| Monday, August 3, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 08:45 | NG | Stanbic IBTC Bank Nigeria PMI | 53.4 | 52.9 | 54.35 | Low | |