Inflation
Price analysis, CPI data, and economic indicators
Food Prices Fall 1.55% in September: NBS
Average food prices in Nigeria fell between August and September, official data shows, as headline inflation eased to 14.63%. Lagos still recorded the highest annual …
Food Prices Fall 1.55% as Inflation Eases
Average food prices in Nigeria fell 1.55% between August and September 2026, pulling headline inflation down to 14.63%, the National Bureau of Statistics said. Lagos …
Beans Drum Derica Price Rises 2.3% In Lagos
The mean price of Beans Drum sold by the Derica increased 2.3% in Lagos, rising from ₦967 to ₦989 across nine markets during the week …
Traders Warn Rice and Tomato Could Run Short
A commodity traders' association warns that rice, tomatoes and other staples could tighten within three months, citing falling output, insecurity and steep transport costs. It …
Tariffs Come for Brazil's Coffee
Washington's trade war has landed on the world's largest coffee supplier. Brazilian coffee still faces steep US tariffs even after exemptions, and industry groups warn …
Ajah Market Beans Bag Jumps to N135,000, Up 181 Percent From February's N48,000
The wholesale price of a 50kg bag of Drum beans at Ajah Market has climbed from N48,000 in February to N135,000 by the first week …
Mushin Market Rice Retreats as Nigerian Manufactured 50kg Bag Falls to N54,000 From N75,000
Rice prices eased across varieties at Mushin Market, with a 50kg bag of Nigerian Manufactured Rice dropping from N75,000 in late January to N54,000 by …
Red Sea Detours Keep Food Freight High
More than two years after attacks pushed ships off the Red Sea, many cargoes still sail the long way around Africa, adding time, insurance and …
A Strong Dollar Makes Dinner Pricier
The US dollar swung from a four-year low to renewed strength in 2026, and its direction matters far beyond Wall Street. For countries that import …
Ajah's June Reckoning: Drum Beans Up 181% and White Garri Up 35% Since February
Ajah's week of June 1 records a 50kg bag of drum beans at ₦135,000, up from ₦48,000 in February, and white garri at ₦27,000, up …
Ajah's Beans Ceiling: ₦135,000 a Bag in June, ₦11,667 Over Lekki-Jakande on White Beans
A 50kg bag of drum beans reached ₦135,000 at Ajah in the week of June 1, up from a February floor of ₦48,000, while white …
Mushin Market Local Rice Drops 28% to N54,000 While Oloyin Beans Push to N65,000
A 50kg bag of Nigerian manufactured rice at Mushin Market fell from N75,000 in late January to N54,000 by the week of March 16, a …
Oshodi Market Cooking Oil Jumps 54.2% to N18,500 as Rice and Beans Ease
A 5 litre bottle of Kings vegetable oil at Oshodi Market rose from N12,000 in mid January to N18,500 by the week of April 13, …
Oshodi Market Cooking Oil Jumps 54.2% to N18,500 as Rice and Beans Ease
A 5 litre bottle of Kings vegetable oil at Oshodi Market rose from N12,000 in mid January to N18,500 by the week of April 13, …
Mile 12 Market Onions Surge 75.5% to N8,250 a Bowl as Carrot Prices Crash
Red onions at Mile 12 Market rose from N4,700 to N8,250 a big bowl between the weeks of January 19 and February 2, a 75.5 …
Iyana Ipaja Market Long Grain Rice Falls 21.1% to N50,000 as Short Grain Firms
A 50kg bag of imported long grain rice at Iyana Ipaja Market fell from N63,333 to N50,000 between the weeks of March 23 and April …
Mushin Rice Bag Falls to N54,000 by Mid March as Import Duty Cut Drives Local Prices Down
A 50-kilogram bag of Nigerian manufactured rice at Mushin Market dropped from N75,000 in the week of January 26 to N54,000 by the week of …
Ikotun White Garri Eases to N19,000 a Bag by Late March After Selling at N24,000 in January
A 50-kilogram bag of white garri at Ikotun Market fell from N24,000 in the week of January 19 to N19,000 by the week of March …
Ajah Market Beans Ease to N70,000 a Bag in June After February Peak of N80,000
A 50kg bag of Oloyin beans at Ajah Market climbed from N60,333 in early February to a peak of N80,000 by February 23, then eased …
Ajah Market Rice Cools by June as Vitali Long Grain Falls 7.1% to N65,000 a Bag
Long grain Vitali rice at Ajah Market fell from N70,000 a 50kg bag through February to N65,000 by the week of June 1, a 7.1% …