The headline inflation rate in Nigeria drops to 22.22%
Nigeria’s inflation rate dropped from 22.97% in May 2025 to 22.22% in June, according to the National Bureau of Statistics.
The National Bureau of Statistics (NBS) reported figures on Wednesday showing that Nigeria’s headline inflation rate decreased from 22.97 percent in May to 22.22 percent in June 2025.
The bureau said in its Consumer Price Index (CPI) report: “The headline inflation rate was 11.97% lower year-over-year than the rate recorded in June 2024 (34.19%).”
Inflation in June 2025 was 1.68 percent on a month-over-month basis, which was marginally higher than the 1.53 percent in May, it was stated.
According to the NBS, this indicates that the average price level increased at a faster rate in June 2025 than it did in May 2025.
The June 2025 food inflation rate was 21.97 percent year over year, which was 18.93 percentage points lower than the June 2024 rate of 40.87 percent.
“The change in the base year is technically the reason for the significant decline in the annual food inflation figure,” the bureau stated.
On a monthly basis, however, food inflation increased to 3.25 percent in June 2025, up 1.07 percent from 2.19 percent in May.
The NBS states that “the increase can be attributed to the rate of increase in the average prices of green peas (dried), pepper (fresh), crayfish, fresh meat, tomatoes (fresh), plantain flour, ground pepper, etc.”
According to the research, the average annual rate of food inflation for the 12 months that ended in June 2025 was 28.28 percent, which is 7.02 percentage points less than the 35.3 percent level that was seen in June 2024.
Food inflation was highest in Borno (47.40 percent), Ebonyi (30.62 percent), and Bayelsa (28.64 percent) on an annual basis, while it increased at the slowest rates in Katsina (6.21 percent), Adamawa (10.90 percent), and Sokoto (15.25 percent).
According to month-over-month data, food inflation was highest in Enugu (11.90 percent), Kwara (9.97 percent), and Rivers (9.88 percent), while it was slowest in Borno (-7.63 percent), Sokoto (-6.43 percent), and Bayelsa (-6.34 percent).
