By JOY ADARA, Abuja-
National Bureau of Statistics (NBS) announced that Nigeria’s headline inflation rate eased to 22.22% in June 2025, marking a 0.76% decline from May’s 22.97%.
This is according to the Consumer Price Index (CPI) and Inflation Report released on Wednesday, July 16, 2025, in Abuja.
“This reduction signals a positive shift, though challenges remain,” said Statistician-General Adeyemi Adeniran, noting that the recent rebasing of the CPI to 2024 from 2009 ensures more accurate economic reflections.
The CPI rose to 123.4 in June, a 2.0-point increase, driven by updated consumption baskets and data methods.
On a month-on-month basis, headline inflation rose slightly to 1.68% in June, up 0.15% from May’s 1.53%, indicating a faster rise in average price levels.
“This uptick reflects pressures from specific sectors,” the NBS report noted.
Key contributors to year-on-year inflation included Food and Non-Alcoholic Beverages (8.89%), Restaurants and Accommodation Services (2.87%), and Transport (2.37%), while Recreation, Sport, and Culture (0.07%) contributed the least.
Food inflation dropped significantly to 21.97% year-on-year, down 18.90% from June 2024’s 40.87%, largely due to the CPI rebasing.
However, month-on-month food inflation climbed to 3.25% in June, up 1.07% from May’s 2.19%, driven by lower prices of items like green peas, fresh peppers, and tomatoes.
“The decline in food inflation is a technical outcome of the updated base year,” Adeniran explained.
Core inflation, excluding volatile agricultural produce and energy, stood at 22.76% year-on-year, with a month-on-month rate of 2.46%, up 1.36% from May.
Urban inflation reached 22.72% year-on-year, with a 2.11% month-on-month rate, while rural inflation was lower at 20.85% year-on-year but saw a 0.63% month-on-month rate, down 1.2% from May.
State-wise, Borno recorded the highest year-on-year inflation at 31.63%, followed by Abuja (26.79%), while Zamfara had the lowest at 9.90%. For food inflation, Borno topped the list at 47.40%, with Katsina at 6.21%. Month-on-month, Ekiti led with 5.39% inflation, while Zamfara saw the slowest rise at -6.89%.
Adeniran emphasized that the rebasing aligns Nigeria’s economic indicators with current realities, incorporating new sectors and refining data collection.
“This ensures our metrics better reflect today’s economy,” he said.
