The National Bureau of Statistics (NBS) has announced that the headline inflation rate in Nigeria decreased to 22.22 percent in June 2025 from 22.97 percent in May. The NBS also announced the increase in its consumer price index (CPI) on Wednesday.
The bureau said, “On a year-on-year basis, the Headline inflation rate was 11.97% lower than the rate recorded in June 2024 (34.19%).
“On a month-on-month basis, 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”, the bureau said.
However, according to the statistics organization, the annual rate of food inflation in June 2025 was 21.97 percent.
“This was 18.93% points lower compared to the rate recorded in June 2024 (40.87%).
“The significant decline in the annual food inflation figure is technically due to the change in the base year”, according to the NBS.
On a monthly basis, however, the agency reported that the food inflation rate in June was 3.25 percent, which was 1.07 percent higher than the figure in May 2025 (2.19 percent).
“The increase can be 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 7.02% points lower compared with the average annual rate of change recorded in June 2024 (35.3%),” NBS stated.
According to the bureau, Borno had the highest annual food inflation rate (47.40 percent), followed by Ebonyi (30.62 percent) and Bayelsa (28.64 percent).
However, states with the slowest annual increases in food inflation were Katsina (6.21 percent), Adamawa (10.90 percent), and Sokoto (15.25 percent). The NBS data states that, month over month, food inflation was lowest in Borno (-7.63 percent), Sokoto (-6.43 percent), and Bayelsa (-6.34 percent), and highest in Enugu (11.90 percent), Kwara (9.97 percent), and Rivers (9.88 percent).
