Nigeria’s Inflation Rate stands at 22.22% In June -NBS
The headline inflation rate in Nigeria has again dropped by 22.22%, relative to the 22.97% rate recorded in May, 2025.
The development is contained in the Consumer Price Index (CPI) Report released by the apex statistical agency on Wednesday.
The movement of the June rate showed a decrease of 0.76%compared to the May 2025 Headline inflation rate.
According to the report, on a year-on-year basis, the Headline inflation rate was 11.97% lower than the rate recorded in June 2024(34.19%).
This shows that the Headline inflation rate (year-on-year basis) decreased in June 2025 compared to the same month in the preceding year (i.e., June 2024), though with a different base year, November 2009 = 100.
On a month-on-month basis, it said the Headline inflation rate in June 2025 was 1.68%, which was 0.15% higher than the rate recorded in May 2025 (1.53%).
This means that in June 2025, the rate of increase in the average price level was higher than the rate of increase in the average price level in May 2025.
FOOD INFLATION
The Food inflation rate in June 2025 was 21.97% on a year-on-year basis. This was 18.90% points lower compared to the rate recorded in June 2024 (40.87%).
The drop in the annual food inflation figure is 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%, up by 1.07% compared to May 2025 (2.19%).
The increase is attributed to the rate of increase in the average prices of Green Peas (Dried), Pepper (Fresh), Shrimps (white dried), Crayfish, Meat (Fresh), Tomatoes (Fresh), Plantain Flour, Ground Pepper, etc.
The average annual rate of Food inflation for the twelve months ending June 2025 over the previous twelve-month average was 28.28%, which was 7.06% points lower compared with the average annual rate of change recorded in June 2024 (35.35%).
CORE INFLATION
Core inflation, which excludes the prices of volatile agricultural produces and energy, stood at 22.76% in June 2025 on a year-on-year basis; declined by 4.64% when compared to the 27.4% recorded in June 2024.
On a month-on-month basis, the Core Inflation rate was 2.46% in June 2025, up by 1.36% compared to May 2025 (1.10%). The average twelve-month annual inflation rate was 24.14% for the twelve months ending June 2025, which was0.07% points higher than the 24.06% recorded in June 2024.
URBAN INFLATION
On a year-on-year basis, in June 2025, the Urban inflation rate was 22.72%, 13.83% points lower compared to the 36.55% recorded in June 2024.
On a month-on-month basis, the Urban inflation rate was2.11% in June 2025, up by 0.71% compared to May 2025 (1.40 %).
The corresponding twelve-month average for the Urban inflation rate was 28.16% in June 2025. This was 3.92% points lower compared to the 32.08% reported in June 2024.
RURAL INFLATION
The Rural inflation rate in June 2025 was 20.85% on a year-on-year basis. This was 11.24% points lower compared to the 32.09% recorded in June 2024.
On a month-on-month basis, the Rural inflation rate in June 2025 was 0.63%, down by 1.2% compared to May 2025 (1.83%).
The corresponding twelve-month average for the Rural inflation rate in June 2025 was 24.65%. This was 3.5% points lower compared to the 28.15% recorded in June 2024.
