The National Bureau of Statistics (NBS) on Wednesday revealed that inflation rate in Nigeria eased to 22.22 per cent in June 2025 from the 22.97 per cent recorded in May 2025.
In the report, the agency stated that the Consumer Price Index (CPI) rose went up by 2.0 points to 123.4 points from 121.4 point a month earlier.
On a year-on-year basis, the headline inflation rate was 11.97 per cent lower than the 34.19 per cent achieved in June 2024.
The NBS stated that on a month-on-month basis, the headline inflation rate in June 2025 was 1.68 per cent, which is 0.15 per cent higher than the 1.53 per cent recorded in May 2025.
The stats office also stated that in the period under review, the food inflation rate was 21.97 per cent on a year-on-year basis and was 18.93 per cent lower than the 40.87 per cent posted in June 2024.
It stated that the significant decline in the annual food inflation figure was 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 with the 2.19 per cent reported in May 2025.
This increase was attributed to rise in the average prices of Green Peas (Dried), Pepper (Fresh), Shrimps (white dried), Crayfish, Meat (Fresh), Tomatoes (Fresh), Plantain Flour, Ground Pepper, etc.
It was disclosed that 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 7.02 per cent points lower than the average annual rate of change of 35.30 per cent recorded in June 2024.