Cost of food in Nigeria increased 13.31 percent year-on-year in September of 2018, after rising 13.16 percent in the previous month. Main upward pressure came from prices of: potatoes, yams and other tubers, vegetables, fruits, meat, milk, cheese and eggs, bread and cereals, and fish. On a monthly basis, food prices were up 1.0 percent compared to a 1.42 percent rise in August. Food Inflation in Nigeria averaged 11.55 percent from 1996 until 2018, 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 11.80 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 12.50 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
2018-08-15 08:00 AM Food Inflation YoY 12.85% 12.98% 12.5%
2018-09-14 11:00 AM Food Inflation YoY 13.16% 12.85% 12.1%
2018-10-16 07:30 AM Food Inflation YoY 13.31% 13.16% 13.3%
2018-11-21 08:00 AM Food Inflation YoY 13.31% 13.4%
2018-12-13 09:00 AM Food Inflation YoY 9.1%


Nigeria Prices Last Previous Highest Lowest Unit
Inflation Rate 11.28 11.23 47.56 -2.49 percent [+]
Consumer Price Index CPI 268.40 266.20 268.40 14.36 Index Points [+]
Core Consumer Prices 251.65 250.05 251.65 69.00 Index Points [+]
Core Inflation Rate 9.80 10.00 19.28 0.49 percent [+]
Food Inflation 13.31 13.16 39.54 -17.50 percent [+]
GDP Deflator 185.15 176.72 185.15 0.60 Index Points [+]
Cpi Housing Utilities 269.20 267.80 269.20 7.80 Index Points [+]
CPI Transportation 250.10 248.50 250.10 68.50 Index Points [+]
Inflation Rate Mom 0.80 1.00 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 November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
13.31 13.16 39.54 -17.50 1996 - 2018 percent Monthly
NSA




Country Last
Argentina 46.41 Oct/18
Australia 1.60 Sep/18
Brazil 3.33 Oct/18
Canada 1.80 Sep/18
China 3.30 Oct/18
Euro Area 1.60 Oct/18
France 2.80 Sep/18
Germany 1.90 Oct/18
India -0.86 Oct/18
Indonesia 4.36 Oct/18
Italy 0.70 Oct/18
Japan 1.80 Sep/18
Mexico 3.84 Oct/18
Netherlands 0.50 Oct/18
Russia 2.80 Sep/18
Saudi Arabia 6.70 Sep/18
Singapore 1.60 Sep/18
South Africa 3.90 Sep/18
South Korea 5.60 Oct/18
Spain 1.70 Oct/18
Switzerland 1.70 Oct/18
Turkey 29.26 Oct/18
United Kingdom 0.90 Oct/18
United States 1.20 Oct/18


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