Nigeria’s headline inflation rate dropped to 22.22 percent in June 2025, down from 22.97 percent in May, according to data released on Wednesday by the National Bureau of Statistics (NBS).
In its Consumer Price Index (CPI) report, the bureau stated: “On a year-on-year basis, the Headline inflation rate was 11.97% lower than the rate recorded in June 2024 (34.19%).”
It added that on a month-on-month basis, inflation stood at 1.68 percent in June 2025 — slightly higher than the 1.53 percent recorded in May.
“This means that in June 2025, the rate of increase in the average price level was higher than the rate of increase in the average price level in May 2025,” the NBS explained.
The food inflation rate for June 2025 was 21.97 percent year-on-year, representing an 18.93 percentage point decline from the 40.87 percent recorded in June 2024.
“The significant decline in the annual food inflation figure is technically due to the change in the base year,” the bureau noted.
However, on a month-on-month basis, food inflation rose to 3.25 percent in June 2025 — up by 1.07 percent compared to 2.19 percent in May.
According to the NBS, “The increase can be attributed to the rate of increase in the average prices of Green Peas (Dried), Pepper (Fresh), Shrimps (white dried), Crayfish, Meat (Fresh), Tomatoes (Fresh), Plantain Flour, Ground Pepper, etc.”
The report also revealed that the average annual rate of food inflation for the twelve months ending June 2025 was 28.28 percent — 7.02 percentage points lower than the 35.3 percent recorded in June 2024.
On a year-on-year basis, food inflation was highest in Borno (47.40 percent), Ebonyi (30.62 percent), and Bayelsa (28.64 percent), while Katsina (6.21 percent), Adamawa (10.90 percent), and Sokoto (15.25 percent) recorded the slowest rise.
Month-on-month figures showed the highest food inflation in Enugu (11.90 percent), Kwara (9.97 percent), and Rivers (9.88 percent), whereas Borno (-7.63 percent), Sokoto (-6.43 percent), and Bayelsa (-6.34 percent) posted the slowest increases.
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