Cost of food in Nigeria increased 15.18 percent in June of 2020 over the same month in the previous year.

Food Inflation in Nigeria averaged 11.73 percent from 1996 until 2020, 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 August of 2020.

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. Looking forward, we estimate Food Inflation in Nigeria to stand at 16.00 in 12 months time. In the long-term, the Nigeria Food Inflation is projected to trend around 15.80 percent in 2021 and 13.50 percent in 2022, according to our econometric models.

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Nigeria Food Inflation

Actual Previous Highest Lowest Dates Unit Frequency
15.18 15.04 39.54 -17.50 1996 - 2020 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-04-21 07:30 AM Mar 14.98% 14.9% 15.6%
2020-05-21 01:00 PM Apr 15.03% 14.98% 15.7%
2020-06-17 08:00 AM May 15.04% 15.03% 15.1%
2020-07-17 07:30 AM Jun 15.18% 15.04% 15.1%
2020-08-17 08:00 AM Jul 15.18% 15.3%
2020-09-15 07:30 AM Aug
2020-10-15 10:00 AM Sep 17%
2020-11-16 08:00 AM Oct

Nigeria Prices Last Previous Highest Lowest Unit
Inflation Rate 12.56 12.40 47.56 -2.49 percent [+]
Consumer Price Index CPI 326.10 322.20 326.10 14.36 points [+]
Core Consumer Prices 295.01 292.50 295.01 69.00 points [+]
Core Inflation Rate 10.13 10.12 19.28 0.49 percent [+]
Food Inflation 15.18 15.04 39.54 -17.50 percent [+]
Inflation Rate Mom 1.21 1.17 8.93 -3.50 percent [+]
GDP Deflator 212.92 202.67 212.92 0.60 points [+]
Cpi Housing Utilities 305.90 303.70 305.90 7.80 points [+]
CPI Transportation 294.30 291.30 294.30 68.50 points [+]