Nigeria Real Time Prices for Food, Energy, and Exchange Rates

Nigeria's weekly updated price data compiled by the World Bank Development Economics Data Group. The dataset combines direct price measurements with machine learning estimates for missing data, using sources including the World Food Program, UN-FAO, and national statistical offices. Real-time exchange rate data from official and public sources are incorporated.

Use Cases

• Monitor staple food price volatility based on the Real Time Food Prices (RTFP) sub-series.
• Analyze fuel price trends and their economic impact based on the Real Time Energy Prices (RTEP) sub-series.
• Track unofficial and official exchange rate fluctuations based on the Real Time Exchange Rates (RTFX) sub-series.
• Model inflation or cost-of-living indices using the combined price and exchange rate data.

Strengths

• Compiled and updated weekly by the World Bank Development Economics Data Group.
• Combines direct measurement with machine learning estimation for missing price data.
• Incorporates data from multiple authoritative sources including WFP, FAO, and national offices.
• License is CC-BY-4.0, permitting open use with attribution.

Limitations

• Column-level documentation is absent; field semantics must be inferred after download.
• Row count is unknown, which may limit suitability assessment.

Provenance

Source

World Bank Development Economics Data Group (DECDG).

Collection Method

Combination of direct price measurement and machine learning estimation, updated weekly.

Time Range

Historical and current estimates, updated as new information arrives.

Freshness

Last updated 2026-03-15 18:48:27.460893; freshness should be verified.

Geography

Nigeria.