Nigeria’s headline inflation eased in June 2025 to 22.22%, marking a slight but significant drop from 22.97% recorded in May.
This is the third consecutive month of decline, offering some relief to households and businesses grappling with soaring costs.
According to the latest National Bureau of Statistics (NBS) report, the June inflation rate represents a 0.76% drop when compared to the previous month.
But while year-on-year figures suggest easing, the month-on-month movement paints a different picture.
Consumer Prices Still Rising Monthly
The Consumer Price Index (CPI), which measures the average change in prices, rose from 121.4 in May to 123.4 in June 2025.
On a month-to-month basis, inflation rose by 1.68% in June—slightly higher than May’s 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 May 2025,” the report stated.
Despite the slowing yearly rate, the prices of basic goods and services continue to inch up every month, keeping pressure on the everyday Nigerian.
Food Prices Still a Struggle
The food inflation rate in June was recorded at 21.97% year-on-year—a drop of 18.90 percentage points from June 2024’s 40.87%. This sharp fall is largely due to the revised base year used for calculations.
However, month-on-month, food inflation actually climbed to 3.25% in June, up from 2.19% in May.
“The increase can be attributed to the rise in the average prices of Green Peas (Dried), Pepper (Fresh), Shrimps (white dried), Crayfish, Meat (Fresh), Tomatoes (Fresh), Plantain Flour, Ground Pepper, etc.,” the NBS explained.
Despite what looks like an improvement in the yearly rate, many shoppers say food is still painfully expensive. Are you feeling the impact of these new inflation numbers in your local market?Rate, Like 👍, Comment💬, share this article, Follow us on our social media handles, and Submit your own story to get featured and earn rewards!
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