Nigeria Food Inflation

Cost of food in Nigeria increased 13.39 percent in July of 2019 over the same month in the previous year. Food Inflation in Nigeria averaged 11.62 percent from 1996 until 2019, 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 13.50 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 11.70 in 12 months time. In the long-term, the Nigeria Food Inflation is projected to trend around 9.80 percent in 2020, according to our econometric models.

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Calendar	GMT		Actual	Previous	TEForecast
2019-05-15	07:50 AM	Food Inflation YoY Apr	13.70%	13.45%	13.7%
2019-06-17	11:05 AM	Food Inflation YoY May	13.79%	13.70%	13.4%
2019-07-15	11:00 AM	Food Inflation YoY Jun	13.56%	13.79%	13.6%
2019-08-16	07:40 AM	Food Inflation YoY Jul	13.39%	13.56%	13.3%
2019-09-13	08:00 AM	Food Inflation YoY Aug		13.39%	13.4%
2019-10-14	08:00 AM	Food Inflation YoY Sep			13.5%
2019-11-14	08:00 AM	Food Inflation YoY Oct			13.5%

Nigeria Prices	Last	Previous	Highest	Lowest	Unit
Inflation Rate	11.08	11.22	47.56	-2.49	percent	[+]
Consumer Price Index CPI	292.60	289.70	292.60	14.36	Index Points	[+]
Core Consumer Prices	269.95	267.88	269.95	69.00	Index Points	[+]
Core Inflation Rate	8.80	8.80	19.28	0.49	percent	[+]
Food Inflation	13.39	13.56	39.54	-17.50	percent	[+]
GDP Deflator	193.63	185.02	193.63	0.60	Index Points	[+]
Cpi Housing Utilities	285.50	283.60	285.50	7.80	Index Points	[+]
CPI Transportation	268.50	266.50	268.50	68.50	Index Points	[+]
Inflation Rate Mom	1.10	1.10	8.93	-3.50	percent	[+]

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 August of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	13.39	13.56	39.54	-17.50	1996 - 2019	percent	Monthly	NSA

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Country	Last		Previous	Range
Argentina	58.10	Jul/19	60.8	66.2 : 19.94	%
Australia	2.40	Jun/19	2.3	20.6 : -3.2	%
Brazil	4.13	Jul/19	3.99	5267 : -2.3	%
Canada	3.50	Jun/19	3.5	20.18 : -7.14	%
China	9.10	Jul/19	8.3	40.2 : -5.5	%
Euro Area	1.30	Jun/19	1.1	6.9 : -1.6	%
France	3.00	Jul/19	2.6	6.5 : -1.5	%
Germany	1.80	Jul/19	1	8.22 : -3.09	%
India	2.36	Jul/19	2.25	14.72 : -2.65	%
Indonesia	4.85	Jul/19	4.91	138 : -11.16	%
Italy	0.80	Jul/19	0.3	6.26 : -1.18	%
Japan	1.40	Jun/19	0.8	31.6 : -3.7	%
Mexico	5.44	Jul/19	5.6	11.03 : 0.03	%
Netherlands	4.90	Jul/19	4.5	8.38 : -5.73	%
Russia	6.30	Jul/19	6.2	26.1 : -0.6	%
Saudi Arabia	1.30	Jun/19	1.8	7.7 : -4.3	%
Singapore	1.40	Jun/19	1.4	15.62 : -7.71	%
South Africa	3.70	Jun/19	3.2	15.6 : 0.6	%
South Korea	0.80	Jul/19	2	6434 : -4.5	%
Spain	0.90	Jul/19	0.5	7.2 : -2.75	%
Switzerland	-0.40	Jul/19	0.1	6.81 : -4.58	%
Turkey	18.21	Jul/19	19.2	31.86 : 1.38	%
United Kingdom	1.40	Jul/19	1.6	13 : -3.3	%
United States	1.80	Jul/19	1.9	36.7 : -34.3	%