Nigeria Naira(NGN) Inflation Calculator: 1970-2023
Calculate and compare the purchasing power, inflation rate and depreciation of Nigeria Naira over years.
NGN
in
Cumulative Inflation:
Average Annual Inflation:
Purchasing power of 1000 NGN since 1970:
This chart shows, how 1000 Nigerian Naira has lost its domestic purchasing value between 1970 and 2023
Nigeria Historical Inflation rate(1970-2023):
| Year | Inflation Rate |
|---|---|
| 2022 | 18.5% |
| 2021 | 17.0% |
| 2020 | 13.2% |
| 2019 | 11.4% |
| 2018 | 12.1% |
| 2017 | 16.5% |
| 2016 | 15.7% |
| 2015 | 9.0% |
| 2014 | 8.0% |
| 2013 | 8.5% |
| 2012 | 12.2% |
| 2011 | 10.8% |
| 2010 | 13.7% |
| 2009 | 12.6% |
| 2008 | 11.6% |
| 2007 | 5.4% |
| 2006 | 8.3% |
| 2005 | 17.8% |
| 2004 | 15.1% |
| 2003 | 14.0% |
| 2002 | 12.9% |
| 2001 | 18.8% |
| 2000 | 6.9% |
| 1999 | 6.6% |
| 1998 | 7.9% |
| 1997 | 10.7% |
| 1996 | 29.4% |
| 1995 | 72.9% |
| 1994 | 56.9% |
| 1993 | 58.1% |
| 1992 | 43.5% |
| 1991 | 12.3% |
| 1990 | 7.8% |
| 1989 | 51.3% |
| 1988 | 31.6% |
| 1987 | 11.3% |
| 1986 | 7.3% |
| 1985 | 6.0% |
| 1984 | 37.6% |
| 1983 | 17.9% |
| 1982 | 7.6% |
| 1981 | 24.3% |
| 1980 | 12.3% |
| 1979 | 4.6% |
| 1978 | 28.2% |
| 1977 | 5.6% |
| 1976 | 47.4% |
| 1975 | 88.5% |
| 1974 | 0.0% |
| 1973 | 1.7% |
| 1972 | 0.0% |
| 1971 | 0.0% |
| 1970 | 13.8% |