Nigeria’s inflation rate continued its downward trend in June 2025. Headline inflation dropped to 22.22% year-on-year, down from 22.97% in May; however, food and core inflation tell a different story. On a monthly basis, price pressures increased.
Highlights
Headline CPI (YoY): In June 2025, the Headline CPI recorded 22.22%, from 22.97% recorded in May 2025.
Headline CPI (MoM): On a month-to-month basis, the inflation rate in June 2025 was 1.68%, which was 0.15% higher than the rate recorded in May 2025 (1.53%).
Food Inflation (YoY): Food inflation, a significant driver of overall inflation, increased to 21.97% in June 2025 from 21.14% in May 2025.
Food Inflation (MoM): On a month-on-month basis, June 2025 was 3.25%, up by 1.06% compared to May 2025 (2.19%).
Core CPI (YoY): Core inflation, which excludes volatile agricultural produce and energy prices, stood at 22.76% in June, from 22.28% in May 2025.
Core CPI (MoM): On a month-on-month basis, the Core Inflation rate was 2.46% in June 2025, up by 1.36% compared to May 2025 (1.10%).Stay tuned for further updates as the situation evolves.
