The National Bureau of Statistics (NBS) says Nigeria’s headline inflation rate has dropped to 22.22 percent in June 2025, down from 22.97 percent in May.
NBS announced the increase in its consumer price index (CPI)
on Wednesday.
“On a year-on-year basis, the Headline inflation rate was
11.97% lower than the rate recorded in June 2024 (34.19%),” the bureau said.
“On a month-on-month basis, the Headline inflation rate in
June 2025 was 1.68%, which was 0.15% higher than the rate recorded in May 2025
(1.53%).
“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.”
‘FOOD INFLATION ROSE TO 21.97%’
The statistics firm said the food inflation rate in June
2025 was 21.97 percent on a year-on-year basis.
“This was 18.93% points lower compared to the rate recorded
in June 2024 (40.87%),” NBS said.
“The significant decline in the annual food inflation figure
is technically due to the change in the base year.”
However, on a month-on-month basis, the agency said food
inflation rate in June was 3.25 percent — up by 1.07 percent compared to May
2025 (2.19 percent).
“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,” NBS said.
“The average annual rate of Food inflation for the twelve
months ending June 2025 over the previous twelve-month average was 28.28%,
which was 7.02% points lower compared with the average annual rate of change
recorded in June 2024 (35.3%).”
The bureau said food inflation on a year-on-year basis was
highest in Borno (47.40 percent), Ebonyi (30.62 percent), and Bayelsa (28.64
percent).
On the other hand, states such as Katsina (6.21 percent),
Adamawa (10.90 percent), and Sokoto (15.25 percent) recorded the slowest rise
in food inflation on a year-on-year basis.
According to the NBS report, on a month-on-month basis, food
inflation was highest in Enugu (11.90 percent), Kwara (9.97 percent), and
Rivers (9.88 percent), while Borno (-7.63 percent), Sokoto (-6.43 percent) and
Bayelsa (-6.34 percent), recorded the slowest.
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