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

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.

Description: This dataset provides a comprehensive overview of monthly inflation rates in Nigeria from March 2003 to June 2024, alongside key economic indicators such as crude oil prices, production levels, and various Consumer Price Index (CPI) components. The data captures important economic trends and is suitable for time series analysis, forecasting, and economic modeling.

The dataset includes the following features:

Inflation Rate: The monthly inflation rate in Nigeria, reflecting the change in consumer prices.

Crude Oil Price: The monthly average price of crude oil, which plays a significant role in Nigeria's economy.

Production and Export: Monthly crude oil production and export figures, representing key components of Nigeria's GDP.

CPI Components: Detailed breakdown of the Consumer Price Index, including food, energy, health, transport, communication, and education.

This dataset is ideal for economists, data scientists, and analysts interested in exploring the dynamics of inflation in a developing economy heavily influenced by oil prices and production. Potential applications include inflation forecasting, economic policy analysis, and studying the impact of global oil prices on domestic inflation.

GDP Constant Prices in Nigeria increased to 79289392.63 NGN Million in the fourth quarter of 2024 from 20115766.93 NGN Million in the third quarter of 2024. This dataset provides - Nigeria GDP Constant Prices - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Consumer Price Index CPI in Nigeria increased to 121.40 points in May from 119.50 points in April of 2025. This dataset provides - Nigeria Consumer Price Index (CPI) - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Abstract

Energy 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 energy 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.

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

Inflation Rate in Nigeria decreased to 22.97 percent in May from 23.71 percent in April of 2025. This dataset provides - Nigeria Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

This dataset contains information about Nigeria's petroleum products for 2010-2021. Data from National Bureau of Statistics, Nigeria.

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.

Geographic coverage notes

The data cover the following areas: Afghanistan, Armenia, Bangladesh, Burkina Faso, Burundi, Cameroon, Central African Republic, Chad, Congo, Dem. Rep., Congo, Rep., Gambia, The, Guinea, Guinea-Bissau, Haiti, Indonesia, Iraq, Kenya, Lao PDR, Lebanon, Liberia, Libya, Malawi, Mali, Mauritania, Mozambique, Myanmar, Niger, Nigeria, Philippines, Senegal, Somalia, South Sudan, Sri Lanka, Sudan, Syrian Arab Republic, Yemen, Rep.

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).

Gasoline Prices in Nigeria decreased to 0.60 USD/Liter in June from 0.65 USD/Liter in May of 2025. This dataset provides the latest reported value for - Nigeria Gasoline Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Consumer Price Index in Nigeria increased 1.53 percent in May of 2025 over the previous month. This dataset provides - Nigeria Inflation Rate MoM- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Abstract

Currency exchange rate is an important metric to inform economic policy but traditional sources are often produced with delay during crises and only at an aggregate level. This may poorly reflect the actual rate trends in rural or poverty-stricken areas, where large populations reside in fragile situations. This data set includes currency exchange rate 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.

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

Abstract

The General Household Survey-Panel (GHS-Panel) is implemented in collaboration with the World Bank Living Standards Measurement Study (LSMS) team as part of the Integrated Surveys on Agriculture (ISA) program. The objectives of the GHS-Panel include the development of an innovative model for collecting agricultural data, interinstitutional collaboration, and comprehensive analysis of welfare indicators and socio-economic characteristics. The GHS-Panel is a nationally representative survey of approximately 5,000 households, which are also representative of the six geopolitical zones. The 2023/24 GHS-Panel is the fifth round of the survey with prior rounds conducted in 2010/11, 2012/13, 2015/16 and 2018/19. The GHS-Panel households were visited twice: during post-planting period (July - September 2023) and during post-harvest period (January - March 2024).

Geographic coverage

National

Analysis unit

• Households • Individuals • Agricultural plots • Communities

Universe

The survey covered all de jure households excluding prisons, hospitals, military barracks, and school dormitories.

Kind of data

Sample survey data [ssd]

Sampling procedure

The original GHS‑Panel sample was fully integrated with the 2010 GHS sample. The GHS sample consisted of 60 Primary Sampling Units (PSUs) or Enumeration Areas (EAs), chosen from each of the 37 states in Nigeria. This resulted in a total of 2,220 EAs nationally. Each EA contributed 10 households to the GHS sample, resulting in a sample size of 22,200 households. Out of these 22,200 households, 5,000 households from 500 EAs were selected for the panel component, and 4,916 households completed their interviews in the first wave.

After nearly a decade of visiting the same households, a partial refresh of the GHS‑Panel sample was implemented in Wave 4 and maintained for Wave 5. The refresh was conducted to maintain the integrity and representativeness of the sample. The refresh EAs were selected from the same sampling frame as the original GHS‑Panel sample in 2010. A listing of households was conducted in the 360 EAs, and 10 households were randomly selected in each EA, resulting in a total refresh sample of approximately 3,600 households.

In addition to these 3,600 refresh households, a subsample of the original 5,000 GHS‑Panel households from 2010 were selected to be included in the new sample. This “long panel” sample of 1,590 households was designed to be nationally representative to enable continued longitudinal analysis for the sample going back to 2010. The long panel sample consisted of 159 EAs systematically selected across Nigeria’s six geopolitical zones.

The combined sample of refresh and long panel EAs in Wave 5 that were eligible for inclusion consisted of 518 EAs based on the EAs selected in Wave 4. The combined sample generally maintains both the national and zonal representativeness of the original GHS‑Panel sample.

Sampling deviation

Although 518 EAs were identified for the post-planting visit, conflict events prevented interviewers from visiting eight EAs in the North West zone of the country. The EAs were located in the states of Zamfara, Katsina, Kebbi and Sokoto. Therefore, the final number of EAs visited both post-planting and post-harvest comprised 157 long panel EAs and 354 refresh EAs. The combined sample is also roughly equally distributed across the six geopolitical zones.

Mode of data collection

Computer Assisted Personal Interview [capi]

Research instrument

The GHS-Panel Wave 5 consisted of three questionnaires for each of the two visits. The Household Questionnaire was administered to all households in the sample. The Agriculture Questionnaire was administered to all households engaged in agricultural activities such as crop farming, livestock rearing, and other agricultural and related activities. The Community Questionnaire was administered to the community to collect information on the socio-economic indicators of the enumeration areas where the sample households reside.

GHS-Panel Household Questionnaire: The Household Questionnaire provided information on demographics; education; health; labour; childcare; early child development; food and non-food expenditure; household nonfarm enterprises; food security and shocks; safety nets; housing conditions; assets; information and communication technology; economic shocks; and other sources of household income. Household location was geo-referenced in order to be able to later link the GHS-Panel data to other available geographic data sets (forthcoming).

GHS-Panel Agriculture Questionnaire: The Agriculture Questionnaire solicited information on land ownership and use; farm labour; inputs use; GPS land area measurement and coordinates of household plots; agricultural capital; irrigation; crop harvest and utilization; animal holdings and costs; household fishing activities; and digital farming information. Some information is collected at the crop level to allow for detailed analysis for individual crops.

GHS-Panel Community Questionnaire: The Community Questionnaire solicited information on access to infrastructure and transportation; community organizations; resource management; changes in the community; key events; community needs, actions, and achievements; social norms; and local retail price information.

The Household Questionnaire was slightly different for the two visits. Some information was collected only in the post-planting visit, some only in the post-harvest visit, and some in both visits.

The Agriculture Questionnaire collected different information during each visit, but for the same plots and crops.

The Community Questionnaire collected prices during both visits, and different community level information during the two visits.

Cleaning operations

CAPI: Wave five exercise was conducted using Computer Assisted Person Interview (CAPI) techniques. All the questionnaires (household, agriculture, and community questionnaires) were implemented in both the post-planting and post-harvest visits of Wave 5 using the CAPI software, Survey Solutions. The Survey Solutions software was developed and maintained by the Living Standards Measurement Unit within the Development Economics Data Group (DECDG) at the World Bank. Each enumerator was given a tablet which they used to conduct the interviews. Overall, implementation of survey using Survey Solutions CAPI was highly successful, as it allowed for timely availability of the data from completed interviews.

DATA COMMUNICATION SYSTEM: The data communication system used in Wave 5 was highly automated. Each field team was given a mobile modem which allowed for internet connectivity and daily synchronization of their tablets. This ensured that head office in Abuja had access to the data in real-time. Once the interview was completed and uploaded to the server, the data was first reviewed by the Data Editors. The data was also downloaded from the server, and Stata dofile was run on the downloaded data to check for additional errors that were not captured by the Survey Solutions application. An excel error file was generated following the running of the Stata dofile on the raw dataset. Information contained in the excel error files were then communicated back to respective field interviewers for their action. This monitoring activity was done on a daily basis throughout the duration of the survey, both in the post-planting and post-harvest.

DATA CLEANING: The data cleaning process was done in three main stages. The first stage was to ensure proper quality control during the fieldwork. This was achieved in part by incorporating validation and consistency checks into the Survey Solutions application used for the data collection and designed to highlight many of the errors that occurred during the fieldwork.

The second stage cleaning involved the use of Data Editors and Data Assistants (Headquarters in Survey Solutions). As indicated above, once the interview is completed and uploaded to the server, the Data Editors review completed interview for inconsistencies and extreme values. Depending on the outcome, they can either approve or reject the case. If rejected, the case goes back to the respective interviewer’s tablet upon synchronization. Special care was taken to see that the households included in the data matched with the selected sample and where there were differences, these were properly assessed and documented. The agriculture data were also checked to ensure that the plots identified in the main sections merged with the plot information identified in the other sections. Additional errors observed were compiled into error reports that were regularly sent to the teams. These errors were then corrected based on re-visits to the household on the instruction of the supervisor. The data that had gone through this first stage of cleaning was then approved by the Data Editor. After the Data Editor’s approval of the interview on Survey Solutions server, the Headquarters also reviews and depending on the outcome, can either reject or approve.

The third stage of cleaning involved a comprehensive review of the final raw data following the first and second stage cleaning. Every variable was examined individually for (1) consistency with other sections and variables, (2) out of range responses, and (3) outliers. However, special care was taken to avoid making strong assumptions when resolving potential errors. Some minor errors remain in the data where the diagnosis and/or solution were unclear to the data cleaning team.

Response

Abstract

The Data was collected by the Research Unit on the Economics of Excisable Products at the University of Cape Town. The project collects prices of cigarettes sold at retail outlets and from street vendors in a number of African countries. The aim is to create a retail cigarette price dataset to enable researchers to make estimations about price differences in these countries, between brands, in urban and rural settlements, and over time. Countries in which the data was collected are: Botswana, Cameroon, Chad, Eswatini, Ethiopia, Ghana, Kenya, Lesotho, Madagascar, Malawi, Mauritius, Mozambique, Namibia, Nigeria, South Africa, Tanzania, Uganda, Zambia, and Zimbabwe. Not all countries are covered in all rounds.

Geographic coverage

The countries included in the study are: Botswana, Cameroon, Chad, Eswatini, Ethiopia, Ghana, Kenya, Lesotho, Madagascar, Malawi, Mauritius, Mozambique, Namibia, Nigeria, South Africa, Tanzania, Uganda, Zambia, and Zimbabwe. Not all countries are covered in all rounds.

Analysis unit

Other

Universe

The study covered cigarette prices of retailers (including street vendors) in selected African countries.

Kind of data

Other

Mode of data collection

Other

Cleaning operations

Data collected by REEP was in excel format and not serialised. Datafirst has serialised and cleaned the data to create a research-ready series. Appending the rounds required harmonising variable names. The brand names (eg Marborough) and sub-brands (eg gold) required significant cleaning due to typos and errors in data collection. Some observations with bad values were dropped from the final dataset. DataFirst has merged the data from all rounds.

Nigeria inflation rate for 2023 was 24.66%, a 5.81% increase from 2022.

<ul style='margin-top:20px;'>

<li>Nigeria inflation rate for 2022 was <strong>18.85%</strong>, a <strong>1.89% increase</strong> from 2021.</li>
<li>Nigeria inflation rate for 2021 was <strong>16.95%</strong>, a <strong>3.71% increase</strong> from 2020.</li>
<li>Nigeria inflation rate for 2020 was <strong>13.25%</strong>, a <strong>1.85% increase</strong> from 2019.</li>
</ul>Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.

In the automotive sector, pricing analytics play an essential role for companies and individuals to assess the market price of a vehicle before putting it on sale or buying it.

This data was scraped from cars45.com which is an online marketplace in Nigeria which connects buyers with sellers of used cars.

The transportation sub-index of the CPI basket in Nigeria decreased to 119 points in May of 2025 from 119.30 points in April of 2025. This dataset provides - Nigeria Cpi Transportation- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Core consumer prices in Nigeria increased 22.28 percent in May of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Nigeria Core Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

As of February 2025, the average price of gasoline in Nigeria was around ***** Nigerian naira (NGN) per liter, around **** U.S. dollars. Compared to the previous month, the price decreased. In February 2024, the average price of petrol in the country stood at approximately *** NGN.