Nigeria’s inflation rate has eased to 22.22 per cent in June 2025, down from 22.97 per cent in May, according to the National Bureau of Statistics (NBS).
This represents a 0.75 percentage point drop month-over-month and an 11.97 percentage point decline year-over-year.
On a month-on-month basis, headline inflation stood at 1.68 per cent in June 2025, slightly higher than the 1.53 per cent recorded in May, indicating a modest acceleration in the rate of average price increase within the month.
The food inflation rate for June 2025 was 21.97 per cent year-on-year, marking a significant 18.93 percentage point drop from the 40.87 per cent recorded in June 2024.
On a month-on-month basis, food inflation rose to 3.25 per cent, up from 2.19 per cent in May.
The increase was driven by rising prices of items such as dried green peas, fresh pepper, dried white shrimps, crayfish, fresh meat, tomatoes, plantain flour, and ground pepper.
Core inflation, which excludes the prices of volatile agricultural produce and energy, stood at 22.76 per cent year-on-year and 2.46 per cent month-on-month, up from 1.10% in May.
The average core inflation over the last 12 months was 24.14 per cent, slightly higher than the 24.01 per cent reported in June 2024.
Urban inflation increased to 22.72 per cent year-on-year and 2.11 per cent month-on-month, compared to 1.40 per cent in May.
Conversely, rural inflation was recorded at 20.85 per cent year-on-year, with a slower monthly rise of 0.63 per cent, down from 1.83 per cent in the previous month.
The 12-month average rural inflation rate stood at 24.65 per cent, down from 28.15 per cent in the previous year.
At the state level, Borno recorded the highest year-on-year headline inflation at 31.63 per cent, followed by the Federal Capital Territory (26.79%) and Benue (25.91%).
The slowest increases were recorded in Zamfara (9.90%), Yobe (13.51%), and Sokoto (15.78%).
For month-on-month changes, Ekiti led with a 5.39 per cent rise, closely followed by Delta (5.15%) and Lagos (5.13%).
Meanwhile, Zamfara (-6.89%), Niger (-5.35%), and Plateau (-4.01%) experienced the steepest monthly declines.
Additionally, state-level food inflation data revealed sharp regional disparities.
On a year-on-year basis, the highest food inflation was recorded in Borno (47.40%), Ebonyi (30.62%), and Bayelsa (28.64%), while the slowest 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 declines were observed in Borno (-7.63%), Sokoto (-6.43%), and Bayelsa (-6.34%).
The NBS cautioned that comparisons across states should be made with care, as CPI weights vary based on differing consumption patterns, which may affect regional inflation measurements.
