Nigeria’s inflation rate fell to 22.22% in June 2025, down from 22.97% in May, according to the National Bureau of Statistics (NBS).
In a report released on Wednesday, July 16, the NBS said this represents a 0.75 percentage point monthly drop and 11.97 points lower than the 34.19% recorded in June 2024.
However, on a month-to-month basis, inflation rose slightly to 1.68% from 1.53% in May, indicating persistent price increases in key sectors like food, transport, and housing.
Food inflation dropped to 21.97% year-on-year, but monthly food prices jumped to 3.25%, driven by staples such as tomatoes, pepper, crayfish, and plantain flour.
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Core inflation, which excludes volatile items, declined to 22.76% year-on-year but rose to 2.46% monthly, reflecting renewed pressure on non-food goods and services.
Urban inflation dropped to 22.72% year-on-year but rose monthly to 2.11%. Rural inflation eased to 20.85% year-on-year and slowed to 0.63% month-on-month.
Borno recorded the highest inflation at 31.63%, while Zamfara had the lowest at 9.90%.
Despite improvements on paper, rising monthly costs continue to strain Nigerian households.