February 2026: Mixed Food Price Trends in Lagos Markets

In February 2026, a market survey indicated a mixed pattern in food prices across major Lagos markets, including Mushin, Daleko, Mile 12, and Oyingbo. The survey recorded 26 food items with price increases, while 35 items experienced price declines compared to January.

Additionally, 12 items remained unchanged, reflecting relative stability in certain segments of the food basket. The National Bureau of Statistics reported a slight decrease in headline inflation to 15% and a significant drop in food inflation to 8.89%, offering relief to consumers.

The data suggests emerging disinflationary pressures, although supply-side bottlenecks and seasonal factors continue to push prices. Notably, essential staples such as pepper, tomato, and grain flour saw price increases, attributed to reduced inflow from northern farms and higher transport costs.

The survey aims to provide insights into food price trends to assist businesses and policymakers in making informed decisions.