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)]

Select
High alert
13/03/2024

Retail prices of wheat flour continued to rise sharply in January 2024.
High alert
13/03/2024

Retail prices of rice increased in February 2024 and were at new record highs, mostly due to tight market availabilities and high production and transport costs.
High alert
13/03/2024

Prices of cereals further increased in January 2024 and remained higher on a yearly basis due to reduced cereal output in 2023, conflict-related market disruptions, strong local demand, high transport costs and a depreciation of the naira.
High alert
13/03/2024

Prices of wheat flour were generally stable in February 2024, mostly supported by tight market supply.
High alert
13/03/2024

Prices of maize and sorghum slightly increased in February 2024 following seasonal trends. Prices are at record levels due to tight supplies, the lingering impact of prolonged conflict and macroeconomic challenges.
High alert
13/03/2024

Prices of cereals followed mixed trends in November 2023, with the ongoing conflict exerting upward pressure against a backdrop of high food inflation caused by high input prices boosting production and transport costs.
High alert
13/03/2024

Maize grain prices hit new record highs, amid dry weather conditions that pose an upside risk to further price growth in 2024.
High alert
13/03/2024

Uptick in the inflation rate in February 2024, amid concerns over the impact of dry weather on domestic food production.