Cost of food in Nigeria increased 18.34 percent in October of 2021 over the same month in the previous year. source: National Bureau of Statistics, Nigeria

Food Inflation in Nigeria averaged 12.14 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 November of 2021.

Food Inflation in Nigeria is expected to be 17.00 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

Calendar GMT Actual Previous Consensus TEForecast
2021-10-15 10:45 AM Sep 19.57% 20.3% 19.4%
2021-11-15 11:40 AM Oct 18.34% 19.57% 19.3%
2021-12-15 08:00 AM Nov 18.34%

Related Last Previous Unit Reference
Inflation Rate 15.99 16.63 percent Oct/21
Consumer Price Index CPI 399.90 396.00 points Oct/21
Core Inflation Rate 13.24 13.74 percent Oct/21
Core Consumer Prices 347.60 344.80 points Oct/21
Food Inflation 18.34 19.57 percent Oct/21
CPI Transportation 354.20 349.80 points Oct/21
CPI Housing Utilities 348.70 345.40 points Oct/21
Inflation Rate Mom 0.98 1.15 percent Oct/21
GDP Deflator 243.29 234.35 points Sep/21