Nigeria’s Inflation Rate Eases To 22.22% In June – NBS

The headline inflation rate in Nigeria has again eased to 22.22 per cent in June, relative to the 22.97 per cent rate recorded in May 2025.

This was contained in the Consumer Price Index (CPI) Report released by the National Bureau of Statistics (NBS) on Wednesday.

The movement of the June 2025 headline inflation rate showed a decrease of 0.76 percentage points compared to the May 2025 headline inflation rate.

According to the report, on a year-on-year basis, the headline inflation rate was 11.97 per cent lower than the rate recorded in June 2024 (34.19 per cent).

This shows that the headline inflation rate (year-on-year basis) decreased in June 2025 compared to the same month in the preceding year (June 2024), though with a different base year.

On a month-on-month basis, it said the headline inflation rate in June 2025 was 1.68 per cent, which was 0.15 per cent higher than the rate recorded in May 2025 (1.53 per cent).

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 food inflation rate in June 2025 was 21.97 per cent on a year-on-year basis. This was 18.90 percentage points lower compared to the rate recorded in June 2024 (40.87 per cent).

The significant decline in the annual food inflation figure is technically due to the change in the base year. On a month-on-month basis, the food inflation rate in June 2025 was 3.25 per cent, up by 1.07 per cent compared to May 2025 (2.19 per cent).

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 average annual rate of food inflation for the twelve months ending June 2025 over the previous twelve-month average was 28.28 per cent, which was 7.06 percentage points lower compared with the average annual rate of change recorded in June 2024 (35.35 per cent).

Nigeria’s Inflation Rate Eases To 22.22% In June – NBS is first published on The Whistler Newspaper