Nigeria Food Inflation - Forecast

Food Inflation in Nigeria is expected to be 17.99 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 14.80 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.


Nigeria Food Inflation
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Nigeria Prices Last Q1/18 Q2/18 Q3/18 Q4/18 2020
Inflation Rate 15.13 15.1 14.9 13.4 14.8 11.2
Consumer Price Index CPI 248 251 254 256 301 360
Core Consumer Prices 235 238 240 241 298 357
Core Inflation Rate 12.1 10.9 10.1 9.6 9.1 7.2
Food Inflation 18.92 17.99 16.83 15.93 14.8 7.1
GDP Deflator 165 165 165 165 151 164
CPI Transportation 234 236 238 239 234 306
Inflation Rate Mom 0.6 0.91 1 0.93 1.2 0.7