Nigeria’s Inflation Rate Drops to 22.22% in June 2025

Nigeria’s Inflation Rate Drops to 22.22% in June 2025

Nigeria’s inflation rate has eased to 22.22% in June 2025, down from 22.97% in May, according to the National Bureau of Statistics (NBS). 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 .

Headline Inflation Rate:22.22% in June 2025, down from 22.97% in May
Year-on-Year Decline:11.97 percentage points lower than June 2024
-Month-on-Month Inflation:1.68% in June 2025, slightly higher than 1.53% in May
Food Inflation Rate:21.97% year-on-year, marking a significant 18.93 percentage point drop from June 2024

Food Inflation Trends
Year-on-Year Food Inflation:21.97% in June 2025, down from 40.87% in June 2024
Month-on-Month Food Inflation:3.25% in June 2025, up from 2.19% in May
Highest Food Inflation Rates:Borno (47.40%), Ebonyi (30.62%), and Bayelsa (28.64%)

The decline in inflation rate is a positive sign for the Nigerian economy, reflecting a potential stabilization of prices across key sectors. However, economists warn that inflation remains relatively high and could still impact the purchasing power of consumers ².