Cost of food in Nigeria increased 13.47 percent in February of 2019 over the same month in the previous year. Food Inflation in Nigeria averaged 11.59 percent from 1996 until 2019, 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.

Food Inflation in Nigeria is expected to be 13.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in Nigeria to stand at 9.40 in 12 months time. In the long-term, the Nigeria Food Inflation is projected to trend around 8.10 percent in 2020, according to our econometric models.

Nigeria Food Inflation
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Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2018-12-14 08:00 AM Food Inflation YoY 13.30% 13.28% 13.3%
2019-01-16 08:00 AM Food Inflation YoY 13.56% 13.30% 13.3%
2019-02-15 08:00 AM Food Inflation YoY 13.51% 13.56% 13.6%
2019-03-15 08:00 AM Food Inflation YoY 13.47% 13.51% 13.7%
2019-04-15 08:00 AM Food Inflation YoY 13.47% 13.5%
2019-05-20 08:00 AM Food Inflation YoY 13.3%
2019-06-17 08:00 AM Food Inflation YoY 13%


Nigeria Prices Last Previous Highest Lowest Unit
Inflation Rate 11.31 11.37 47.56 -2.49 percent [+]
Consumer Price Index CPI 278.60 276.60 278.60 14.36 Index Points [+]
Core Consumer Prices 260.44 258.75 260.44 69.00 Index Points [+]
Core Inflation Rate 9.80 9.90 19.28 0.49 percent [+]
Food Inflation 13.47 13.51 39.54 -17.50 percent [+]
GDP Deflator 185.02 184.54 185.15 0.60 Index Points [+]
Cpi Housing Utilities 276.10 274.70 276.10 7.80 Index Points [+]
CPI Transportation 259.00 257.30 259.00 68.50 Index Points [+]
Inflation Rate Mom 0.70 0.70 8.93 -3.50 percent [+]


Nigeria Food Inflation

This page provides - Nigeria Food Inflation - actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Food Inflation - actual data, historical chart and calendar of releases - was last updated on March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
13.47 13.51 39.54 -17.50 1996 - 2019 percent Monthly
NSA




Country Last Previous
Argentina 58.30 Feb/19
Australia 1.50 Dec/18
Brazil 5.37 Feb/19
Canada 2.80 Jan/19
China 0.70 Feb/19
Euro Area 1.80 Feb/19
France 3.10 Feb/19
Germany 1.30 Feb/19
India -0.66 Feb/19
Indonesia 0.72 Feb/19
Italy 1.70 Feb/19
Japan -1.50 Jan/19
Mexico 4.41 Feb/19
Netherlands 2.90 Feb/19
Russia 6.70 Jan/19
Saudi Arabia 0.80 Feb/19
Singapore 1.40 Jan/19
South Africa 2.90 Feb/19
South Korea 0.40 Feb/19
Spain 1.40 Feb/19
Switzerland 1.50 Feb/19
Turkey 29.25 Feb/19
United Kingdom 1.10 Feb/19
United States 2.00 Feb/19


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