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Garri (White) Leads Lagos Price Increases, Mean Rises 4.2% as Food Inflation Outpaces Headline

CBN FoodInflation Food Prices Garri Lagos Markets MarketSurvey Nigeria
Garri (White) Leads Lagos Price Increases, Mean Rises 4.2% as Food Inflation Outpaces Headline

Garri (White) recorded the largest mean price increase of any item in the Ministry of Agriculture and Food Systems' Lagos market survey for the week of 24 July 2026, rising 4.2% from ₦1,267 to ₦1,320 for a paint measure.

This Week's Mean Price

The mean was calculated across ten Lagos markets. The cheapest paint was recorded at ₦1,000 in Oyingbo Market, while the priciest reached ₦2,000 in Ajah Market, one of the widest spreads recorded in this week's survey.

What's Driving The Move

The increase mirrors a divergence the National Bureau of Statistics has been tracking nationally, in which food prices are moving in the opposite direction to the broader inflation picture. The NBS Consumer Price Index for June 2026, released in mid-July and covered by Vanguard, Premium Times and Leadership, showed food inflation climbing to 3.75% month-on-month from 2.98% in May, even as headline inflation eased to 15.91% from 15.93%. Vanguard's account listed the items behind the food index increase, and garri was among them.

The Central Bank has effectively confirmed that split. At the 306th Monetary Policy Committee meeting held from 20 to 21 July, inside this survey week, the CBN retained the Monetary Policy Rate at 26.5%, and Governor Olayemi Cardoso attributed the moderation in core inflation largely to foreign exchange stability, as reported by Nairametrics and Channels Television. Currency stability lowers the cost of imported goods. Garri is not one of them. It is produced domestically from cassava and moved to Lagos by road, so it captures none of that benefit while remaining fully exposed to transport and input costs, which rose during the survey week as Dangote Refinery lifted its ex-depot petrol price 13.02% to ₦1,215 per litre on 22 July.

The monthly pattern is also easy to misread without the annual context. NBS Selected Food Price Watch data for April 2026, reported by Nairametrics and This Day in June, showed white garri sold loose at ₦808.96 per kilogram, down 39.86% from ₦1,345.10 a year earlier, but up 0.93% on March 2026. Garri is therefore far cheaper than it was in 2025 while still ticking upward from month to month, and it is that short-term direction the June CPI picked up.

These reports agree with the direction of the mean recorded this week, in which Garri (White) rose faster than any other item in the Lagos survey, alongside more modest gains in the Ijebu and Yellow varieties.

For live, continuously updated prices across all markets in this survey, visit https://foodprices.ng/real-time-prices.

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