Nigeria’s headline inflation rate has dropped to 22.22 percent in June 2025, down from 22.97 percent in May.
The National Bureau of Statistics (NBS)
announced the increase in its consumer price index (CPI) which was released 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 NBS report read.
“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.”
According to the NBS, the food inflation rate in June 2025 was 21.97 percent on a year-on-year basis, adding that this was 18.93% points lower compared to the rate recorded in June 2024 (40.87%).
The bureau 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 food inflation rate in June was 3.25 percent — up by 1.07 percent compared to May 2025 (2.19 percent),” the NBS said.
“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%, which was 7.02% points lower compared with the average annual rate of change recorded in June 2024 (35.3%).”
The NBS, in its report said food inflation on a year-on-year basis was highest in Borno State (47.40 percent), Ebonyi (30.62 percent), and Bayelsa (28.64 percent).
It, however said that states like Katsina (6.21 percent), Adamawa (10.90 percent), and Sokoto (15.25 percent) had the slowest rise in food inflation on a year-on-year basis.
The bureau also stated that on a month-on-month basis, food inflation was highest in Enugu State (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.