Cost of food in Nigeria increased 13.17 percent in August of 2019 over the same month in the previous year. It was the highest food inflation in three months partly driven by recent border closures, which caused shortages of some smuggled commodities such as rice. Food Inflation in Nigeria averaged 11.63 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 13.10 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 12.70 in 12 months time. In the long-term, the Nigeria Food Inflation is projected to trend around 11.00 percent in 2020, according to our econometric models.

Nigeria Food Inflation
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
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%
2019-09-17 07:30 AM Food Inflation YoY Aug 13.17% 13.39% 13.4%
2019-10-15 10:00 AM Food Inflation YoY Sep 13.51% 13.17% 13.1%
2019-11-14 08:00 AM Food Inflation YoY Oct 13.51% 13.2%
2019-12-13 08:00 AM Food Inflation YoY Nov 13.0%


Nigeria Prices Last Previous Highest Lowest Unit
Inflation Rate 11.24 11.02 47.56 -2.49 percent [+]
Consumer Price Index CPI 298.60 295.50 298.60 14.36 Index Points [+]
Core Consumer Prices 274.16 271.75 274.16 69.00 Index Points [+]
Core Inflation Rate 8.90 8.70 19.28 0.49 percent [+]
Food Inflation 13.51 13.17 39.54 -17.50 percent [+]
GDP Deflator 206.74 193.63 206.74 0.60 Index Points [+]
Cpi Housing Utilities 289.20 287.30 289.20 7.80 Index Points [+]
CPI Transportation 272.60 270.50 272.60 68.50 Index Points [+]
Inflation Rate Mom 1.04 0.99 8.93 -3.50 percent [+]


Nigeria Food Inflation

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 October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
13.51 13.17 39.54 -17.50 1996 - 2019 percent Monthly
NSA




Country Last Previous
Argentina 56.90 Sep/19
Australia 2.40 Jun/19
Brazil 3.56 Sep/19
Canada 3.70 Sep/19
China 11.20 Sep/19
Euro Area 1.20 Sep/19
France 2.10 Sep/19
Germany 1.30 Sep/19
India 5.11 Sep/19
Indonesia 5.42 Sep/19
Italy 0.70 Sep/19
Japan 0.50 Sep/19
Mexico 3.90 Sep/19
Netherlands 4.80 Sep/19
Russia 5.60 Aug/19
Saudi Arabia 1.00 Aug/19
Singapore 1.60 Aug/19
South Africa 3.90 Aug/19
South Korea -4.10 Sep/19
Spain 0.90 Sep/19
Switzerland -0.30 Sep/19
Turkey 9.52 Sep/19
United Kingdom 1.80 Sep/19
United States 1.80 Sep/19


Related

Latest