Nigeria Food Inflation

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.

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Calendar	GMT		Actual	Previous	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	[+]

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

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Country	Last		Previous	Range
Argentina	56.90	Sep/19	58.8	66.2 : 19.94	%
Australia	2.40	Jun/19	2.3	20.6 : -3.2	%
Brazil	3.56	Sep/19	4.12	5267 : -2.3	%
Canada	3.70	Sep/19	3.6	20.18 : -7.14	%
China	11.20	Sep/19	10	40.2 : -5.5	%
Euro Area	1.20	Sep/19	1.9	6.9 : -1.6	%
France	2.10	Sep/19	3.1	6.5 : -1.5	%
Germany	1.30	Sep/19	2.7	8.22 : -3.09	%
India	5.11	Sep/19	2.99	14.72 : -2.65	%
Indonesia	5.42	Sep/19	5.81	138 : -11.16	%
Italy	0.70	Sep/19	0.9	6.26 : -1.18	%
Japan	0.50	Sep/19	0.1	31.6 : -3.7	%
Mexico	3.90	Sep/19	3.86	11.03 : 0.03	%
Netherlands	4.80	Sep/19	4.8	8.38 : -5.73	%
Russia	5.60	Aug/19	6.3	26.1 : -0.6	%
Saudi Arabia	1.00	Aug/19	0.1	7.7 : -4.3	%
Singapore	1.60	Aug/19	1.4	59.3 : -7.7	%
South Africa	3.90	Aug/19	3.4	15.6 : 0.6	%
South Korea	-4.10	Sep/19	-3.3	6434 : -4.5	%
Spain	0.90	Sep/19	1	7.2 : -2.75	%
Switzerland	-0.30	Sep/19	0.3	6.81 : -4.58	%
Turkey	9.52	Sep/19	17.22	31.86 : 1.38	%
United Kingdom	1.80	Sep/19	1.8	13 : -3.3	%
United States	1.80	Sep/19	1.7	36.7 : -34.3	%