Inflation, made tangible
Inflation figures are abstract; the price of everyday things is not. By running the CPI backwards, this tool shows what a naira from years ago is worth now — and in Nigeria, where prices have risen sharply, the gap is dramatic.
It's also a reality check on savings: cash loses purchasing power fast, which is why people look to assets that can outpace inflation.
What you're probably wondering
It uses the headline Consumer Price Index (CPI) from the National Bureau of Statistics (NBS), comparing the year you pick against today.
It's how much your money can actually buy. ₦10,000 in 2010 bought far more than ₦10,000 today — the tool shows the equivalent in today's naira.
Nigeria has seen very high inflation, especially after fuel-subsidy removal and naira devaluation, so the naira has lost a large share of its buying power.