Nigeria Food Inflation  Forecast


Food Inflation in Nigeria is expected to be 16.40 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 15.56 in 12 months time. In the long-term, the Nigeria Food Inflation is projected to trend around 7.10 percent in 2020, according to our econometric models.


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Nigeria Prices Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Inflation Rate 15.98 15.7 15.1 14.9 15.6 11.2
Consumer Price Index CPI 241 260 248 250 251 360
Core Consumer Prices 229 258 236 237 238 357
Core Inflation Rate 12.12 11.5 10.9 10.1 9.6 7.2
Food Inflation 20.32 16.4 17.43 16.38 15.56 7.1
Inflation Rate Mom 0.78 1.4 1.06 1.05 1.05 0.7
GDP Deflator 165 146 164 164 164 164
CPI Transportation 226 239 230 230 230 306