The National Bureau of Statistics (NBS) has announced that Nigeria’s inflation rate dropped slightly to 22.22% in June 2025, down from 22.97% recorded in May.
This was revealed in the Consumer Price Index (CPI) report released by the Bureau on Wednesday from its headquarters in Abuja.
According to the NBS, the inflation figure for June shows a 0.76% decrease compared to the previous month. However, the monthly price increase still rose slightly to 1.68%, up from 1.53% in May.
On a year-on-year basis, the report noted that the inflation rate in June 2025 was 11.97% lower than the 34.19% recorded in June 2024, indicating a significant drop over the past year.
The NBS stated: “In June 2025, the Headline inflation rate eased to 22.22% relative to the May 2025 headline inflation rate of 22.97%.”
It added that the CPI index rose to 123.4 in June, reflecting a slight increase from 121.4 in May.
Despite the overall drop in the inflation rate, Nigerians continue to feel the impact of high food and fuel prices, with many calling for stronger economic reforms to ease the burden of living costs.
The inflation figure remains one of the key indicators watched closely by policymakers, economists, and the Central Bank of Nigeria in shaping financial and monetary policies.
