Food Inflation in Nigeria averaged 11.94 percent from 1996 until 2021, 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. This page provides - Nigeria Food Inflation - actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Food Inflation - data, historical chart, forecasts and calendar of releases - was last updated on May of 2021.
Food Inflation in Nigeria is expected to be 24.00 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 14.30 in 12 months time. In the long-term, the Nigeria Food Inflation is projected to trend around 13.00 percent in 2022 and 10.00 percent in 2023, according to our econometric models.