Nigeria’s imported food Price growth slows to 9.2%, lowest in six months

Nigeria's imported food price index saw a deceleration in annual growth to 9.19% in September 2026, its lowest rate in six months, according to National Bureau of Statistics (NBS) data. The index rose to 135.5 from 124.1 year-on-year, a 9.19% increase. This was a decrease from the 12.83% growth seen in August and the May peak of 14.60%.

On a month-to-month basis, the index rose by 0.07% in September, a slowdown from 0.89% in August and 1.21% in July. The moderation follows Nigeria's continued heavy spending on food imports, while domestic agricultural production and household food security concerns persist. The imported food price index's slower annual growth aligns with the decline in headline and monthly food inflation, though it does not guarantee all food items have become cheaper for consumers.