bloomshorts Nigeria’s Inflation Rate Drops to 22.22% in June 2025
According to the latest Consumer Price Index (CPI) report by the National Bureau of Statistics (NBS), Nigeria’s inflation rate has eased to 22.22% in June 2025, down from 22.97% recorded in May. This represents a 0.75 percentage point drop on a year-on-year basis and an 11.97 percentage point decline compared to the 34.19% recorded in June 2024.
Month-on-Month Inflation Trends
On a month-on-month basis, headline inflation stood at 1.68% in June 2025, slightly higher than the 1.53% recorded in May, indicating a modest acceleration in the rate of average price increase within the month.
Food and Core Inflation Insights
The food inflation rate for June 2025 was 21.97% year-on-year, with a month-on-month increase of 3.25%, up from 2.19% in May. Core inflation, which excludes prices of volatile agricultural produce and energy, stood at 22.76% year-on-year and 2.46% month-on-month, higher than the 1.10% recorded in May.
Urban vs. Rural Inflation
Urban inflation rose to 22.72% year-on-year and 2.11% month-on-month, compared to 1.40% in May. In contrast, rural inflation was recorded at 20.85% year-on-year, with a slower monthly rise of 0.63%, down from 1.83% in the previous month.
State-by-State Analysis
Borno State recorded the highest year-on-year inflation at 31.63%, followed by the Federal Capital Territory (26.79%) and Benue State (25.91%). On the other hand, Zamfara, Yobe, and Sokoto recorded the slowest increases at 9.90%, 13.51%, and 15.78%, respectively.
For month-on-month changes, Ekiti led with a 5.39% rise, closely followed by Delta (5.15%) and Lagos (5.13%). Meanwhile, Zamfara, Niger, and Plateau states experienced the steepest monthly declines at -6.89%, -5.35%, and -4.01%, respectively.
According to the NBS, the national CPI rose to 123.4 index points in June from 121.4 in May 2025.
