Nigeria vs South Africa: Inflation Comparison
Compare cumulative inflation, annual rates and purchasing power between Nigeria and South Africa from 2000 to 2026, based on World Bank CPI data.
Cumulative inflation in Nigeria was 2,262.8% between 2000 and 2026, according to World Bank CPI data (FP.CPI.TOTL).
Over the same period, cumulative inflation in South Africa was 162.9%.
Nigeria
NGNSouth Africa
ZARCPI Comparison Chart
Year-by-Year Comparison
| Year | Nigeria CPI | Nigeria (Change) | South Africa CPI | South Africa (Change) |
|---|---|---|---|---|
| 2000 | 29.60 | - | 59.99 | - |
| 2001 | 35.19 | +18.9% | 63.41 | +5.7% |
| 2002 | 39.72 | +12.9% | 69.43 | +9.5% |
| 2003 | 45.29 | +14.0% | 73.38 | +5.7% |
| 2004 | 52.08 | +15.0% | 72.87 | -0.7% |
| 2005 | 61.39 | +17.9% | 74.37 | +2.1% |
| 2006 | 66.44 | +8.2% | 76.78 | +3.2% |
| 2007 | 70.02 | +5.4% | 81.53 | +6.2% |
| 2008 | 78.12 | +11.6% | 89.61 | +9.9% |
| 2009 | 87.92 | +12.5% | 96.09 | +7.2% |
| 2010 | 100.00 | +13.7% | 100.00 | +4.1% |
| 2011 | 110.83 | +10.8% | 105.00 | +5.0% |
| 2012 | 124.37 | +12.2% | 111.03 | +5.7% |
| 2013 | 134.94 | +8.5% | 117.44 | +5.8% |
| 2014 | 145.80 | +8.0% | 124.65 | +6.1% |
| 2015 | 158.93 | +9.0% | 130.28 | +4.5% |
| 2016 | 183.88 | +15.7% | 138.88 | +6.6% |
| 2017 | 214.23 | +16.5% | 146.08 | +5.2% |
| 2018 | 240.14 | +12.1% | 152.67 | +4.5% |
| 2019 | 267.51 | +11.4% | 158.93 | +4.1% |
| 2020 | 302.94 | +13.2% | 127.50 | -19.8% |
| 2021 | 354.30 | +17.0% | 135.05 | +5.9% |
| 2022 | 421.07 | +18.8% | 145.26 | +7.6% |
| 2023 | 524.91 | +24.7% | 152.81 | +5.2% |
| 2024 | 699.39 | +33.2% | 157.21 | +2.9% |
| 2025 | - | - | 157.68 | +0.3% |
Inflation by Decade: Nigeria vs South Africa
| Year | Nigeria (Total Inflation) | Nigeria (Avg Annual Rate) | South Africa (Total Inflation) | South Africa (Avg Annual Rate) |
|---|---|---|---|---|
| 1960s | +32.3% | 3.16% | +26.1% | 2.61% |
| 1970s | +271.4% | 15.69% | +143.0% | 10.37% |
| 1980s | +455.1% | 20.98% | +243.2% | 14.69% |
| 1990s | +1,046.8% | 31.14% | +123.6% | 9.35% |
| 2000s | +197.0% | 12.86% | +60.2% | 5.37% |
| 2010s | +167.5% | 11.55% | +58.9% | 5.28% |
| 2020s | +130.9% | 23.27% | +23.7% | 4.34% |
The inflation gap between Nigeria and South Africa widened to 2,100.0 percentage points from 2000 to 2026.
₦100 in Nigeria in 2000 lost roughly the same relative value as R11.12 in South Africa.
Nigeria's highest annual inflation was 33.2% in 2024; South Africa's was 9.9% in 2008.
Frequently Asked Questions
Which had higher inflation, Nigeria or South Africa?
Between 2000 and 2026, Nigeria had higher cumulative inflation (2262.81%) than South Africa (162.85%), according to World Bank CPI data.
What was cumulative inflation in Nigeria from 2000 to 2026?
Prices in Nigeria rose 2262.81% cumulatively, an average of 14.08% per year.
What was cumulative inflation in South Africa from 2000 to 2026?
Prices in South Africa rose 162.85% cumulatively, an average of 3.94% per year.
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Calculate Individually
Between 2000 and 2026, South Africa had lower cumulative inflation (162.9%) than Nigeria (2,262.8%).