Cost of food in Nigeria increased 20.30 percent in August of 2021 over the same month in the previous year. source: National Bureau of Statistics, Nigeria

Food Inflation in Nigeria averaged 12.10 percent from 1996 until 2021, reaching an all time high of 39.54 percent in September of 2001 and a record low of -17.50 percent in January of 2000. This page provides - Nigeria Food Inflation - actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Food Inflation - data, historical chart, forecasts and calendar of releases - was last updated on September of 2021.

Food Inflation in Nigeria is expected to be 19.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Nigeria Food Inflation is projected to trend around 6.00 percent in 2022 and 8.00 percent in 2023, according to our econometric models.

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Nigeria Food Inflation

Actual Previous Highest Lowest Dates Unit Frequency
20.30 21.03 39.54 -17.50 1996 - 2021 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-06-15 01:15 PM May 22.28% 22.72% 23.1%
2021-07-16 08:00 AM Jun 21.83% 22.28% 22%
2021-08-17 12:00 PM Jul 21.03% 21.83% 21.4%
2021-09-15 04:10 AM Aug 20.3% 21.03% 20.7%
2021-10-15 07:30 AM Sep 20.3%
2021-11-15 10:10 AM Oct
2021-12-15 08:00 AM Nov

Nigeria Prices Last Previous Highest Lowest Unit
Inflation Rate 17.01 17.38 47.56 -2.49 percent [+]
Consumer Price Index CPI 391.50 387.50 391.50 14.36 points [+]
Core Consumer Prices 340.61 338.00 340.61 69.00 points [+]
Core Inflation Rate 13.41 13.72 19.28 0.49 percent [+]
Food Inflation 20.30 21.03 39.54 -17.50 percent [+]
Inflation Rate Mom 1.02 0.93 8.93 -3.50 percent [+]
GDP Deflator 222.83 219.30 222.83 0.60 points [+]
Cpi Housing Utilities 342.50 339.70 342.50 7.80 points [+]
CPI Transportation 346.00 342.30 346.00 68.50 points [+]