Nigeria: Food price index, world average = 100: The latest value from 2021 is 101.71 index points, an increase from 84.436 index points in 2017. In comparison, the world average is 105.854 index points, based on data from 165 countries. Historically, the average for Nigeria from 2017 to 2021 is 93.073 index points. The minimum value, 84.436 index points, was reached in 2017 while the maximum of 101.71 index points was recorded in 2021.

As of May 2024, the average price in Nigeria for a unit of frozen chicken added up to slightly over 4,829 Nigerian naira (NGN), which equaled 3.2 U.S. dollars. One kilogram of boneless beef cost 4,712 NGN (3.14 U.S dollars), whereas one piece of medium-sized chicken eggs reached nearly 151 NGN (10 cents).

Cost of food in Nigeria increased 21.14 percent in May of 2025 over the same month in the previous year. This dataset provides - Nigeria Food Inflation - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In September 2023, the Consumer Index Price of food in Nigeria stood at 737.3, increasing from the previous year. Consumer price index is a measure that examines the changes in the purchasing power of a currency. It measures changes in the price level of the market basket of consumer goods and services purchased by households. The movement of the Consumer Price Index is the main measure for inflation rate.

In April 2024, food prices in Nigeria increased considerably compared to April of the preceding year. Prices of sweet potato, plantain (unripe), and broken rice (ofada) increased the most. In particular, the price of a kilogram of unripe plantain grew by over 168 percent compared to the previous year, while the price of a tuber of yam rose by about 154 percent. Overall, none of the selected foods recorded a price decrease.

Food prices in the country of Nigeria from the year 2017 to November 2021.

Abstract

Food price inflation is an important metric to inform economic policy but traditional sources of consumer prices are often produced with delay during crises and only at an aggregate level. This may poorly reflect the actual price trends in rural or poverty-stricken areas, where large populations reside in fragile situations. This data set includes food price estimates and is intended to help gain insight in price developments beyond what can be formally measured by traditional methods. The estimates are generated using a machine-learning approach that imputes ongoing subnational price surveys, often with accuracy similar to direct measurement of prices. The data set provides new opportunities to investigate local price dynamics in areas where populations are sensitive to localized price shocks and where traditional data are not available.

        A dataset of monthly food price inflation estimates (aggregated for all food products available in the data) is also available for all countries covered by this modeling exercise.

Geographic coverage notes

The data cover the following sub-national areas: Abia, Borno, Yobe, Katsina, Kano, Kaduna, Gombe, Jigawa, Kebbi, Oyo, Sokoto, Zamfara, Lagos, Adamawa, Market Average

In 2023, supplies from abroad of canned food was finally on the rise to reach 143K tons for the first time since 2020, thus ending a two-year declining trend.

The price per unit in the 'Fish & Seafood' segment of the food market in Nigeria was forecast to continuously increase between 2025 and 2030 by in total **** U.S. dollars (+***** percent). After the ***** consecutive increasing year, the price per unit is estimated to reach ***** U.S. dollars and therefore a new peak in 2030. Notably, the price per unit of the 'Fish & Seafood' segment of the food market was continuously increasing over the past years.Find further information concerning the price per unit in the 'Chocolate Confectionery' segment of the food market in Brazil and the average revenue per capita in the 'Ready-to-Eat Meals' segment of the food market in Israel. The Statista Market Insights cover a broad range of additional markets.

This dataset contains Food Prices data for Nigeria, sourced from the World Food Programme Price Database. The World Food Programme Price Database covers foods such as maize, rice, beans, fish, and sugar for 98 countries and some 3000 markets. It is updated weekly but contains to a large extent monthly data. The data goes back as far as 1992 for a few countries, although many countries started reporting from 2003 or thereafter.

KEY FEATURES - States Covered: Lagos, Anambra, Kano, Rivers, Kaduna, Oyo, Enugu, Abuja, Benue, Delta. - Markets Included: Main Market, Relief Market, Sabon Gari Market, Ogbete Market, Wuse Market. - Months Covered: January, February, March, April. - Data Format: CSV - Currency: Nigerian Naira (NGN)

COLUMNS - State: The Nigerian state where the data was collected. - Market: The local market the price was recorded from. - Month: The month of the price record. - Food Item: The name of the food product. - Price (NGN): The price of the food item in Nigerian Naira.

Use Cases - Price trend analysis - inflation tracking - Regional market comparison - Visualizations and dashboards - Educational and economic research

Disclaimer This dataset is simulated and intended for educational or research purposes. it does not reflect real market prices

As of January 2021, the greatest majority of Nigerian households reported experiencing an increase in the prices of essential food items, as over ** percent of households said the prices of beans, cassava, yam, and sorghum shot higher since January 2020. Moreover, ** percent of respondents said that the prices of rice increased over the same timespan and ** percent found onion more expensive than it used to be.

Food prices in Nigeria are increasing due to steady inflation and vary from state to state. In Niger State, one kilogram of local rice, sold loose, costed roughly 732.3 Naira (around 0.58 U.S. dollars) in ِAugust 2023. One kilogram of yam tuber, on the other hand, reached about 785 naira, about 0.62 U.S. dollars, while brown beans, sold loose, costed 581.6 Naira per kilogram, some 0.46 U.S. dollars.

Food Prices for Nigeria.

Contains data from the FAOSTAT bulk data service covering the following categories: Consumer Price Indices, Deflators, Exchange rates, Producer Prices

Nigeria GDP: Basic Prices: Industry: Mfg: Food, Beverage & Tobacco data was reported at 4,568,843.852 NGN mn in 2017. This records an increase from the previous number of 4,101,673.554 NGN mn for 2016. Nigeria GDP: Basic Prices: Industry: Mfg: Food, Beverage & Tobacco data is updated yearly, averaging 599,014.042 NGN mn from Dec 1981 (Median) to 2017, with 37 observations. The data reached an all-time high of 4,568,843.852 NGN mn in 2017 and a record low of 18,370.355 NGN mn in 1981. Nigeria GDP: Basic Prices: Industry: Mfg: Food, Beverage & Tobacco data remains active status in CEIC and is reported by National Bureau of Statistics of the Federal Republic of Nigeria. The data is categorized under Global Database’s Nigeria – Table NG.A007: GDP: by Industry: Current Price: Annual.

Baby food imports into Nigeria fell to 14K tons in 2023, which is down by -8.9% on 2022 figures.

In 2024, the Nigerien baby food market increased by 5.3% to $781M, rising for the third consecutive year after three years of decline. The market value increased at an average annual rate of +2.5% from 2012 to 2024; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. Baby food consumption peaked in 2024 and is likely to see steady growth in years to come.

As of June 2023, the food inflation rate in Nigeria stood at around 25.09 percent compared to June 2022. This rate was the highest rate in the period under review. Overall, the food inflation rate in Nigeria followed an increasing trend.

Selected Food Prices Watch - Nigeria

Prices in Nigeria are increasing due to steady inflation and food products are particularly impacted. Food items have different prices across the states. In Delta State, one kilogram of white garri, sold loose, costed 506 Naira, around 0.41 U.S. dollar, in August 2023. One kilogram of boneless beef reached 2,316 Naira, 1.86 U.S. dollars, while one bottle of palm oil costed 1,170 Naira per liter, roughly 0.94 U.S. dollars.