Nigeria's farm produce inflation accelerated to 21.99 per cent year-on-year in August 2026, the highest so far this year, according to analysis of the latest inflation data from the National Bureau of Statistics (NBS). The August figure reverses the moderation recorded in May, when farm produce inflation slowed to 13.26 per cent, before rising to 21.70 per cent in June and easing slightly to 19.82 per cent in July. The rate is almost double the 10.93 per cent recorded in January, when the farm produce index rose from 108.9 in 2025 to 120.8 in 2026. NBS data shows that farm produce inflation generally accelerated during the first eight months of 2026 despite month-to-month fluctuations.
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