Cost of food in Nigeria increased 16.96 percent in May of 2026 over the same month in the previous year. Food Inflation in Nigeria averaged 14.22 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. source: National Bureau of Statistics, Nigeria
Food Inflation in Nigeria is expected to be 17.50 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 10.00 percent in 2027 and 9.00 percent in 2028, according to our econometric models.