Nigeria’s headline inflation charge declined to 22.22% in June 2025, marking a 0.75 share level drop from 22.97% recorded in Might, in line with the most recent Shopper Value Index (CPI) report launched by the Nationwide Bureau of Statistics (NBS).
Regardless of this easing, the CPI rose from 121.4 in Might to 123.4 in June, indicating a 2.0-point enhance and suggesting a continued rise in common worth ranges throughout the nation.
In line with the report, on a year-on-year foundation, the headline inflation charge stood at 22.22% in June, which is 11.97 share factors decrease than the 34.19% recorded in June 2024, reflecting some enchancment in worth stability in comparison with the identical interval final yr.
Nonetheless, on a month-on-month foundation, inflation ticked barely upward.
The report exhibits that costs rose by 1.68% in June, in comparison with a 1.53% enhance in Might — a 0.15 share level acceleration within the charge of worth will increase throughout the month.
The report exhibits that city inflation remained comparatively excessive however confirmed indicators of moderation.
The city inflation charge declined to 22.72% year-on-year in June 2025, considerably decrease than the 36.55% recorded in June 2024. On a month-on-month foundation, nevertheless, city inflation rose to 2.11%, up from 1.40% in Might.
The twelve-month common for city inflation additionally declined to twenty-eight.16% in June 2025, down by 3.92 share factors from 32.08% in the identical interval final yr.
Rural inflation adopted an identical pattern. The agricultural inflation charge decreased to twenty.85% year-on-year in June 2025, in comparison with 32.09% in June 2024.
Nonetheless, month-to-month rural inflation slowed to 0.63%, a notable decline from 1.83% in Might — a drop of 1.2 share factors.
The twelve-month common for rural inflation in June stood at 24.65%, representing a 3.5 share level drop from 28.15% recorded in June 2024.
The information means that whereas Nigeria continues to expertise rising client costs, the general tempo of inflation is step by step easing, particularly when in comparison with the sharp will increase recorded in 2024.
Analysts say the moderation may very well be linked to a tighter financial surroundings and base results, though month-on-month figures level to persistent pressures in city areas.
