NIGERIA’S inflation rate dropped to 22.22% in June 2025, marking a slight decrease from the 22.97% recorded in May, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS).
This figure also reflects a significant year-on-year drop of 11.97 percentage points from the 34.19% rate reported in June 2024, based on the newly adopted 2024 base year.
Month-on-month, headline inflation rose marginally to 1.68% in June, up from 1.53% in May, indicating a moderate increase in the general price level within the month.
Food inflation for June 2025 stood at 21.97% on a year-on-year basis—a notable reduction of 18.93 percentage points compared to 40.87% in the same period last year.
However, on a monthly basis, food prices rose by 3.25%, up from 2.19% in May. This uptick was largely driven by increases in the prices of staples such as dried green peas, fresh pepper, shrimps, crayfish, meat, tomatoes, plantain flour, and ground pepper.
Core inflation, which excludes prices of volatile agricultural goods and energy, climbed to 22.76% year-on-year.
On a monthly basis, it rose to 2.46% in June from 1.10% in May. The 12-month average core inflation rate was 24.14%, slightly above the 24.01% recorded a year earlier.
Urban inflation also inched up to 22.72% year-on-year and 2.11% month-on-month, compared to 1.40% in May.
In contrast, rural inflation stood at 20.85% annually, with a slower monthly increase of 0.63%, down from 1.83% in the previous month. The 12-month average rural inflation rate declined to 24.65% from 28.15% a year ago.
At the state level, Borno recorded the highest annual headline inflation at 31.63%, followed by the Federal Capital Territory (26.79%) and Benue State (25.91%).
The lowest inflation rates were reported in Zamfara (9.90%), Yobe (13.51%), and Sokoto (15.78%).
In terms of monthly changes, Ekiti State led with a 5.39% increase in inflation, followed by Delta (5.15%) and Lagos (5.13%).
Meanwhile, the most significant monthly drops were seen in Zamfara (-6.89%), Niger (-5.35%), and Plateau (-4.01%).
Food inflation varied widely across states. Borno State recorded the highest year-on-year food inflation at 47.40%, with Ebonyi (30.62%) and Bayelsa (28.64%) following closely.
The lowest annual food inflation figures were seen in Katsina (6.21%), Adamawa (10.90%), and Sokoto (15.25%).
Month-on-month food inflation was highest in Enugu (11.90%), Kwara (9.97%), and Rivers (9.88%), while Borno (-7.63%), Sokoto (-6.43%), and Bayelsa (-6.34%) experienced declines.
The NBS further cautioned when comparing inflation data across states, noting that variations in household consumption patterns influence CPI weights and, consequently, the inflation figures reported at the state level.