Naira Inflation Calculator
Find out how much Nigeria's inflation has eroded the value of your money. Uses official NBS and CBN annual headline inflation data from 2000 to 2026. Current rate: 15.06% (February 2026).
Two Calculation Modes
Future Value answers: "If I had ₦100,000 in 2015, how much would I need in 2025 to have the same purchasing power?" This is useful for salary negotiations — if you earned ₦150,000 in 2015 and your employer says you are better off now at ₦300,000, this calculator shows whether that raise has actually kept up with inflation.
Purchasing Power shows the reverse: how much of your money's original value remains. ₦1,000,000 in 2019 had the same purchasing power as approximately ₦340,000 in 2025 — meaning inflation wiped out roughly 66% of its real value in six years.
Nigeria's Inflation Record
Nigeria's inflation has been persistently high and volatile. The rate hit 33.69% in April 2024 — the highest in nearly three decades — driven by naira devaluation after fuel subsidy removal and FX liberalisation. Since then, the CBN's tight monetary policy (raising rates to 27.5%) has brought inflation down sharply. By February 2026, the rate had fallen to 15.06%, the lowest since November 2020.
Note: The NBS rebased its Consumer Price Index in mid-2025, changing the reference base year from 2009 to 2024. This is a technical statistical change — actual prices did not change — but it affected how the year-on-year rate was reported. The 2025 figures in this calculator reflect the rebased methodology.
Why the Naira Loses Value So Fast
Nigeria imports a large share of its goods — food, fuel and manufactured items — priced in US dollars. When the naira weakens against the dollar, all those imports become more expensive in naira terms, feeding directly into inflation. The January 2023 – April 2024 spike was caused by the abrupt FX devaluation following subsidy removal. The subsequent disinflation was driven by currency stabilisation and high interest rates suppressing domestic demand.