Food Inflation in Nigeria averaged 12.24 percent from 1996 until 2022, 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 May of 2022.
Food Inflation in Nigeria is expected to be 20.00 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 8.50 percent in 2023 and 7.00 percent in 2024, according to our econometric models.