Food inflation in Nigeria eased to 19.57% year-on-year in August 2026 from 20.31% in July, marking the first monthly decline in seven months. On a monthly basis, food prices rose by 1.02% in August, down sharply from a 5.56% increase in the prior month. source: National Bureau of Statistics, Nigeria
Cost of food in Nigeria increased 19.57 percent in August of 2026 over the same month in the previous year. Food Inflation in Nigeria averaged 14.26 percent from 1996 until 2026, reaching an all time high of 40.87 percent in June of 2024 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 2026.
Cost of food in Nigeria increased 19.57 percent in August of 2026 over the same month in the previous year. 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 13.00 percent in 2027 and 10.00 percent in 2028, according to our econometric models.