Food inflation in Nigeria, the largest component of the inflation basket, continued to fall for the sixth month to 8.89% in January 2026, mainly on account of staples like cooking oil, grains and vegetables. It was the lowest reading since August 2011. source: National Bureau of Statistics, Nigeria
Cost of food in Nigeria increased 8.89 percent in January of 2026 over the same month in the previous year. Food Inflation in Nigeria averaged 14.21 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 February of 2026.
Cost of food in Nigeria increased 8.89 percent in January of 2026 over the same month in the previous year. Food Inflation in Nigeria is expected to be 7.00 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 4.00 percent in 2027 and 6.00 percent in 2028, according to our econometric models.