Nigeria’s inflation rate eased to 22.22% in June 2025, a decline from 22.97% recorded in May according to the latest Consumer Price Index report published by the National Bureau of Statistics on Wednesday.
Third is the third consecutive monthly drop, following April’s figure of 23.71%. The June figure reflects a 0.75% decline from the previous month.
On a state-by-state comparison, Borno recorded the highest year-on-year inflation at 31.63%, while Sokoto posted the lowest rate at 15.78%.
In urban areas, inflation stood at 22.72% year-on-year, far lower than the 36.55% recorded in June 2024. However, on a month-on-month basis, urban inflation increased to 2.11% in June from 1.40% in May, revealing high short-term price pressures.
Rural inflation followed similarly. On a year-on-year basis, it dropped to 20.85% in June 2025 from 32.09% recorded in the same month last year, revealing a decline of 11.24%.
Food inflation, however, recorded a slight increase to 3.25% from the 2.19% recorded in May 2025. This was mainly driven by an increase in the average prices of some food items like green peas, shrimps, crayfish, fresh meat, fresh tomatoes, and others.
On a year-on-year basis, cost of food dropped by 18.93% to 21.97% in June 2025, from 40.87% recorded in May 2025.
The core inflation, which excludes the prices of volatile agricultural products and energy, stood at 22.76% in June 2025, down from 27.4% recorded in June 2024. It increased to 2.46% from 1.10% on a month-on-month basis in May 2025, reflecting rising pressure in non-food items.
Comments 1