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Domestic Price Warnings

Countries where prices of one or more basic food commodity are at abnormal high levels in main markets.
Price warning level:  High   Moderate [Based on the Indicator of Price Anomalies (IPA)]

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Nigeria

12/07/2018

Prices of coarse grains increased further in May and at relatively high levels

Wholesale prices of coarse grains and gari (processed cassava) generally increased in May, with seasonal trends exacerbated by strong demand associated with the Ramadan festive period and the industrial sector. Prices of imported and locally-produced rice remained relatively stable. Food prices were generally well below the record or near-record highs of a year earlier, but were still higher than two years earlier, before the sharp depreciation of the currency. In the northeast, prices were relatively higher than in the rest of the country due to the persisting conflict affecting food production and market functioning in several areas, including in Marte, Abadam and Guzamala in Borno State, where activities remain interrupted. The food inflation increased by 1.3 percent in May from the previous month and by 13.45 percent from May last year, down from 14.8 percent in April, but still high, representing a major concern, particularly for poor households who heavily rely on markets as the main source of food.

Region: Western Africa