The National Bureau of Statistics (NBS) on Wednesday said inflation rate reduced to 22.22 per cent in June 2025 from 22.97 per cent in May 2025,
This was contained in the Consumer Price Index (CPI) JUNE 2025 report the Bureau issued from Abuja.
According to the report, the CPI rose to 123.4 in the period under review, reflecting a 2.0-point increase from the preceding month (121.4).
NBS said, “In June 2025, the Headline inflation rate eased to 22.22% relative to the May 2025 headline inflation rate of 22.97%.”
The report added that looking at the movement, the June 2025 Headline inflation rate showed a decrease of 0.76% compared to the May 2025 headline inflation rate.
On a year-on-year basis, the report said, the headline inflation rate was 11.97% lower than the rate recorded in June 2024 (34.19%).
NBS said this shows that the headline inflation rate (year-on-year basis) decreased in June 2025 compared to the same month in the preceding year (i.e., June 2024), though with a different base year, November 2009 = 100.
It further said on a month-on-month basis, the Headline inflation rate in June 2025 was 1.68%, which was 0.15% higher than the rate recorded in May 2025 (1.53%).
NBS said this means that in June 2025, the rate of increase in the average price level was higher than the rate of increase in the average price level in May 2025.
