The National Bureau of Statistics (NBS) has reported that the headline inflation rate in June 2025, eased to 22.22 percent relative to the May 2025 headline inflation rate of 22.97 percent.
Looking at the movement, the June 2025 headline inflation rate showed a decrease of 0.76 percent compared to the May 2025 headline inflation rate.
Data released by the NBS on Wednesday show that on a year-on-year basis, the Headline inflation rate was 11.97 percent lower than 34.19 percent rate recorded in June 2024.
The NBS said, “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, the Headline inflation rate in June 2025 was 1.68 percent, which was 0.15 percent higher than 1.53 percent
recorded in May 2025.
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 further stated that “The percentage change in the average CPI for the twelve months ending June 2025 over the average for the previous twelve-month period was 26.58%, showing a 3.42% decrease compared to 30.00% recorded in June 2024”.
It highlighted that on a year-on-year basis, in June 2025, the Urban inflation rate was 22.72 percent, 13.83 percent points lower compared to the 36.55 percent recorded in June 2024.
On a month-on-month basis, the Urban inflation rate was 2.11 percent in June 2025, up by 0.71 percent compared to 1.40 percent in May 2025.
The corresponding twelve-month average for the Urban inflation rate was 28.16 percent in June 2025, indicating 3.92 percent points lower compared to the 32.08 percent reported in June 2024.
The NBS pointed out that the Rural inflation rate in June 2025 was 20.85 percent on a year-on-year basis, showing 11.24 percent points lower compared to the 32.09 percent recorded in June 2024.
On a month-on-month basis, the Rural inflation rate in June 2025 was 0.63 percent, down by 1.2 percent compared to 1.83 percent recorded in
May 2025.
The corresponding
twelve-month average for the Rural inflation rate in June 2025 was 24.65 percent, showing 3.5 percentage points
lower compared to the 28.15 percent recorded in June 2024.
According to the NBS data, the Food inflation rate in June 2025 was 21.97 percent on a year-on-year basis, indicating 18.90 percentage points lower compared to 40.87 percent recorded in June 2024.
The NBS attributed the significant decline in the annual food inflation
figure technically, to the change in the base year.
On a month-on-month basis, the Food inflation
rate in June 2025 was 3.25 percent, up by 1.07 percent compared to 2.19 percent recorded in May 2025.
“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 NBS stated.
The average annual rate of Food inflation for the twelve months ending June 2025 over the previous
twelve-month average was 28.28 percent, which was 7.06 percent points lower compared with the
35.35 percent average annual rate of change recorded in June 2024.
The Core inflation, which excludes the prices of volatile agricultural produces and energy, stood at 22.76 percent in June 2025 on a year-on-year basis, showing a decline of 4.64 percent when compared to the 27.4 percent recorded in June 2024.
On a month-on-month basis, the Core
Inflation rate was 2.46 percent in June 2025, up by 1.36 percent compared to 1.10 percent in May 2025.
The average
twelve-month annual inflation rate was 24.14 percent for the twelve months ending June 2025, which was 0.07 percent points higher than the 24.06 percent recorded in June 2024.
Further analysing price movements, the NBS stated that “In June 2025, All Items inflation rate on a Year-on-Year basis was highest in Borno (31.63%), Abuja (26.79%), and Benue (25.91%), while Zamfara (9.90%), Yobe (13.51%), Sokoto (15.78%) recorded the lowest rise in Headline inflation on Year-on-Year basis.
“On a Month-on-Month basis, however, June 2025 recorded the highest increases in Ekiti (5.39%), Delta (5.15%), Lagos (5.13%), while Zamfara (-6.89%), Niger (-5.35%) and Plateau (-4.01%) recorded the lowest rise in Month -on-Month inflation.
“In June 2025, Food inflation on a Year-on-Year basis was highest in Borno (47.40%), Ebonyi
(30.62%), Bayelsa (28.64%), while Katsina (6.21%), Adamawa (10.90%), and Sokoto (15.25%) recorded the slowest rise in Food inflation on Year-on-Year basis.
“On a Month-on-Month basis, however, June 2025 Food inflation was highest in Enugu (11.90%), Kwara (9.97%), and Rivers (9.88%), while Borno (-7.63%), Sokoto (-6.43%) and Bayelsa (-6.34%), recorded decline in Food
inflation on Month-on-Month basis”.
The National Bureau of Statistics (NBS) has reported that the headline inflation rate in June 2025, eased to 22.22 percent relative to the May 2025 headline inflation rate of 22.97 percent.
Looking at the movement, the June 2025 headline inflation rate showed a decrease of 0.76 percent compared to the May 2025 headline inflation rate.
Data released by the NBS on Wednesday show that on a year-on-year basis, the Headline inflation rate was 11.97 percent lower than 34.19 percent rate recorded in June 2024.
The NBS said, “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, the Headline inflation rate in June 2025 was 1.68 percent, which was 0.15 percent higher than 1.53 percent
recorded in May 2025.
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 further stated that “The percentage change in the average CPI for the twelve months ending June 2025 over the average for the previous twelve-month period was 26.58%, showing a 3.42% decrease compared to 30.00% recorded in June 2024”.
It highlighted that on a year-on-year basis, in June 2025, the Urban inflation rate was 22.72 percent, 13.83 percent points lower compared to the 36.55 percent recorded in June 2024.
On a month-on-month basis, the Urban inflation rate was 2.11 percent in June 2025, up by 0.71 percent compared to 1.40 percent in May 2025.
The corresponding twelve-month average for the Urban inflation rate was 28.16 percent in June 2025, indicating 3.92 percent points lower compared to the 32.08 percent reported in June 2024.
The NBS pointed out that the Rural inflation rate in June 2025 was 20.85 percent on a year-on-year basis, showing 11.24 percent points lower compared to the 32.09 percent recorded in June 2024.
On a month-on-month basis, the Rural inflation rate in June 2025 was 0.63 percent, down by 1.2 percent compared to 1.83 percent recorded in
May 2025.
The corresponding
twelve-month average for the Rural inflation rate in June 2025 was 24.65 percent, showing 3.5 percentage points
lower compared to the 28.15 percent recorded in June 2024.
According to the NBS data, the Food inflation rate in June 2025 was 21.97 percent on a year-on-year basis, indicating 18.90 percentage points lower compared to 40.87 percent recorded in June 2024.
The NBS attributed the significant decline in the annual food inflation
figure technically, to the change in the base year.
On a month-on-month basis, the Food inflation
rate in June 2025 was 3.25 percent, up by 1.07 percent compared to 2.19 percent recorded in May 2025.
“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 NBS stated.
The average annual rate of Food inflation for the twelve months ending June 2025 over the previous
twelve-month average was 28.28 percent, which was 7.06 percent points lower compared with the
35.35 percent average annual rate of change recorded in June 2024.
The Core inflation, which excludes the prices of volatile agricultural produces and energy, stood at 22.76 percent in June 2025 on a year-on-year basis, showing a decline of 4.64 percent when compared to the 27.4 percent recorded in June 2024.
On a month-on-month basis, the Core
Inflation rate was 2.46 percent in June 2025, up by 1.36 percent compared to 1.10 percent in May 2025.
The average
twelve-month annual inflation rate was 24.14 percent for the twelve months ending June 2025, which was 0.07 percent points higher than the 24.06 percent recorded in June 2024.
Further analysing price movements, the NBS stated that “In June 2025, All Items inflation rate on a Year-on-Year basis was highest in Borno (31.63%), Abuja (26.79%), and Benue (25.91%), while Zamfara (9.90%), Yobe (13.51%), Sokoto (15.78%) recorded the lowest rise in Headline inflation on Year-on-Year basis.
“On a Month-on-Month basis, however, June 2025 recorded the highest increases in Ekiti (5.39%), Delta (5.15%), Lagos (5.13%), while Zamfara (-6.89%), Niger (-5.35%) and Plateau (-4.01%) recorded the lowest rise in Month -on-Month inflation.
“In June 2025, Food inflation on a Year-on-Year basis was highest in Borno (47.40%), Ebonyi
(30.62%), Bayelsa (28.64%), while Katsina (6.21%), Adamawa (10.90%), and Sokoto (15.25%) recorded the slowest rise in Food inflation on Year-on-Year basis.
“On a Month-on-Month basis, however, June 2025 Food inflation was highest in Enugu (11.90%), Kwara (9.97%), and Rivers (9.88%), while Borno (-7.63%), Sokoto (-6.43%) and Bayelsa (-6.34%), recorded decline in Food
inflation on Month-on-Month basis”.
and then