Nigeria Food Inflation - Forecast

Food Inflation in Nigeria is expected to be 11.60 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 11.14 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.


Forecast Data Chart
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Nigeria Prices Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 11.23 10.9 10.5 10.8 12 11.2
Consumer Price Index CPI 266 267 272 280 292 340
Core Consumer Prices 250 251 255 266 273 297
Core Inflation Rate 11.2 9.6 9.1 11.02 11 7.2
Food Inflation 13.16 11.6 14.8 11.26 11.14 7.1
GDP Deflator 185 185 151 190 196 164
Cpi Housing Utilities 268 269 271 272 273 274
CPI Transportation 248 251 256 264 274 320
Inflation Rate Mom 1.1 1.05 1.2 1.04 1.04 0.7