The week in one number: 1.3%: the annual rise in Niger's consumer prices in September, the first year-on-year increase since March 2025, following a 0.9% fall in August, according to statistics agency INS.
Niger's consumer prices rose 1.3% year-on-year in September 2026, reversing a 0.9% decline in August, national statistics institute INS said on October 10. Locally produced goods cost 3.2% more than a year earlier, while prices of imported goods fell 1.7%, INS said.
Analysis: The September rise followed three consecutive months of annual price declines, although average inflation over 12 months remained negative at -6.0%. Niger's annual rate was close to the 1.2% recorded across the West African Economic and Monetary Union (WAEMU) in August. Domestic products drove the rebound while imports became cheaper, pointing to domestic factors rather than higher international prices. In July, the IMF projected that consumer prices would be 8.9% higher in December than a year earlier, which could raise retailers' costs and wage pressures. INS's October data, expected around November 10, should show whether prices continue to accelerate.
Source: Institut National de la Statistique (INS) du Niger, INS Niger, IHPC National, septembre 2026, September 2026 and August 2026; BCEAO, Note de conjoncture économique des pays de l'UEMOA – août 2026, July 2026 and June 2026; International Monetary Fund, IMF Country Report No. 26/220, Ninth Review under the ECF, 2026
Fresh meat prices in Niger increased 11.1% year-on-year in September 2026, while cereal prices fell 6.3%, statistics institute INS said. Bone-in beef averaged 3,167 FCFA (€4.83) per kilogram nationwide, an increase of 2.4% from August, the agency reported.
Analysis: Meat recorded the fastest food price increase in September, continuing a longer trend. On a 12-month average basis, meat prices rose 12.8% while cereals became 23.4% cheaper. Meat accounts for about 5% of the household spending basket, making higher prices especially relevant for restaurants, caterers and processors. Livestock product exports fell 4.8bn FCFA (€7.3mn) year-on-year in the first quarter, suggesting foreign demand is not the immediate driver, although those data are older. INS's October figures, expected around November 10, should show whether meat prices keep rising.
Source: Institut National de la Statistique (INS) du Niger, INS Niger, IHPC National, septembre 2026, September 2026; Institut National de la Statistique (INS) du Niger, INS Niger, Bulletin des statistiques du commerce extérieur du 1er trimestre 2026 (N°02, mai 2026), Q1 2026
Millet prices in Niger fell 5.3% in September from August to an average of 21,964 FCFA (€33.5) per 100-kilogram sack, statistics institute INS said. The cabinet reviewed plans on October 9 to buy 30,285 metric tons of cereals, including 17,000 tons of millet, according to a government statement republished by Nigerdiaspora.
Analysis: Millet prices generally decline during the harvest, but cereal prices were also 6.3% below a year earlier, INS data show. Regional differences remain large: millet cost 55% more per sack in northern Agadez than in Maradi, suggesting that transport contributes substantially to the gap. At September's average price, buying 17,000 tons of millet would cost about 3.7bn FCFA (€5.7mn), by our calculation, although the cabinet announced no value. Government purchases could support demand for grain traders during harvest. INS's October price report, expected around November 10, should indicate whether purchases slow the decline.
Source: Institut National de la Statistique (INS) du Niger, INS Niger, IHPC National, septembre 2026, September 2026 and August 2026; Nigerdiaspora (private aggregator), Communiqué du Conseil des ministres du 9 octobre 2026 (as republished by Nigerdiaspora, 10 Oct 2026), October 2026
Niger now requires special authorization from its commerce minister to export super-grade gasoline and diesel, under an October 12 order giving priority to the domestic market, state news agency ANP reported on October 17. The restriction covers sales by oil refiner SORAZ and state fuel distributor SONIDEP.
Analysis: Refined fuel's share of Niger's goods exports had already dropped to 3.6% in 2025 from 12.1% in 2024, figures from statistics agency INS show. That corresponds to about 44bn FCFA (€67.8mn), roughly half the previous year's value, by our calculation. Importers in Mali and Burkina Faso could be especially affected because fuel drove a first-quarter increase in Niger's exports to both markets. The order came six days before news agency AFP reported on October 18 that fuel shortages had spread to Niamey. INS's third-quarter trade report, due November 27, should establish fuel shipments before the restrictions. The new permit requirement adds uncertainty for contracted export deliveries and cross-border traders, particularly where customers had relied on regular shipments.
Source: Institut National de la Statistique (INS) du Niger, INS Niger, Bulletin des statistiques du commerce extérieur provisoire 2025 (N°01, mars 2026), 2025 and 2024; Institut National de la Statistique (INS) du Niger, INS Niger, Bulletin des statistiques du commerce extérieur du 1er trimestre 2026 (N°02, mai 2026), Q1 2026
Niger and IMF staff reached a preliminary agreement on a 38-month Extended Credit Facility worth about $203mn, a concessional lending program for lower-income countries, Africanews reported on October 9, citing IMF mission chief Julia Bersch. The program still needs Executive Board approval. The IMF projected economic growth of 7.0% for Niger in 2026 in an August staff report.
Analysis: At roughly $64mn annually, the proposed program would provide slightly less funding per year than the current agreement. That arrangement has disbursed about $342mn since December 2021, or around $74mn annually, and expires in December, the IMF said in July. Approval matters because IMF support can encourage further budget funding from other lenders. Contractors awaiting government payments and banks exposed to Treasury debt could be affected by any delay. The Fund has not released an end-of-mission statement or announced a date for its board decision.
Source: Africanews (Euronews group), Africanews, 'Niger set for $200 million financial package from IMF' (citing IMF statement by mission chief Julia Bersch), October 2026; International Monetary Fund, IMF Press Release No. 26/270, July 2026; International Monetary Fund, IMF Country Report No. 26/220, Ninth Review under the ECF, 2026
Customs-based, provisional figures from statistics agency INS’s quarterly foreign trade bulletins. Source: Institut National de la Statistique (INS) du Niger, INS Niger, Bulletin des statistiques du commerce extérieur du quatrième trimestre 2024 (N°01, février 2025), Q4 2024; Institut National de la Statistique (INS) du Niger, INS Niger, Bulletin des statistiques du commerce extérieur du premier trimestre 2025 (N°02, juin 2025), Q1 2025; Institut National de la Statistique (INS) du Niger, INS Niger, Bulletin des statistiques du commerce extérieur du deuxième trimestre 2025 (N°03, août 2025), Q2 2025; Institut National de la Statistique (INS) du Niger, INS Niger, Bulletin des statistiques du commerce extérieur du troisième trimestre 2025 (N°04, novembre 2025), Q3 2025; Institut National de la Statistique (INS) du Niger, INS Niger, Bulletin des statistiques du commerce extérieur du quatrième trimestre 2025 (N°01, mars 2026), Q4 2025; Institut National de la Statistique (INS) du Niger, INS Niger, Bulletin des statistiques du commerce extérieur du premier trimestre 2026 (N°02, mai 2026), Q1 2026.
Tender of the week
Solar equipment for 32 multiservice digital centers
Buyer
Smart Villages for Rural Growth and Digital Inclusion project (PVI), national information society agency ANSI
Scope
Supply, installation and commissioning of solar power equipment for 32 multiservice digital centers; national open tender (request for bids); sealed paper bids only, opened in public on November 18 at 9:30 a.m.
Value
Not published
Funding
World Bank (IDA), Smart Villages project P167543
Closes
Wednesday, November 18, 2026
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In Alama Pro this week
Deep dive: Niger's crude exports recover as fuel shortages hit Niamey
All this week's stories with their workings, across seven of our ten areas, from consumer prices, fuel export permits and the IMF program to millet and meat prices, power connections in Maradi, the November investment forum, the Goumeri well leak, the Dasa uranium mine and the solidarity levy
Four trackers and every open tender we follow, with deadlines
Euro equivalents use the fixed parity of 655.957 FCFA per euro. Every figure comes from the official source named under it. Spotted an error? Write to info@alamareport.com; corrections run in the next issue.
