Food inflation in Nigeria quickened to 23.12 percent in August of 2022 from 22.02 percent in July, the highest since October 2005 amidst higher prices for staples including rice and bread. source: National Bureau of Statistics, Nigeria

Food Inflation in Nigeria averaged 12.36 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 September of 2022.

Food Inflation in Nigeria is expected to be 24.00 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 10.00 percent in 2023 and 8.50 percent in 2024, according to our econometric models.

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Nigeria Food Inflation

Calendar GMT Actual Previous Consensus TEForecast
2022-08-15 11:00 AM Jul 22.02% 20.6% 21.8%
2022-09-15 12:00 PM Aug 23.12% 22.02% 23%
2022-10-17 11:00 AM Sep 23.12% 24%

Related Last Previous Unit Reference
Inflation Rate 20.52 19.64 percent Aug 2022
Consumer Price Index CPI 471.80 463.60 points Aug 2022
Core Inflation Rate 17.20 16.26 percent Aug 2022
Core Consumer Prices 399.20 393.00 points Aug 2022
Food Inflation 23.12 22.02 percent Aug 2022
CPI Transportation 409.10 402.40 points Aug 2022
CPI Housing Utilities 397.00 391.60 points Aug 2022
Inflation Rate MoM 1.77 1.82 percent Aug 2022
GDP Deflator 260.35 261.21 points Jun 2022