US EditionNigeria’s Inflation Falls for Third Month in June
NIGERIA, JUL 16 – Nigeria's inflation rate decreased for the third month to 22.22% in June 2025, though food prices still rose by 21.97%, according to the National Bureau of Statistics.
- According to the National Bureau of Statistics, Nigeria's annual inflation rate declined for the third month in a row, reaching 22.22% year-on-year in June 2025.
- The decline came after President Tinubu declared an emergency addressing food shortages in July 2023 and lifted tariffs on key imported food products to help reduce escalating prices.
- Despite the headline drop, food inflation slightly rose to 21.97% year-on-year in June 2025, while commodity price pressures persisted during recent festivals, especially on ram prices.
- The Consumer Price Index increased to 123.4 in June 2025, and analysts describe the inflation moderation as a 'paper-only relief' driven mainly by base effects rather than economic easing.
- The Monetary Policy Committee plans to keep the interest rate at a record 27.5%, seeking stronger evidence the easing inflation trend will last amid ongoing economic tension.
13 Articles
13 Articles
Inflation drops to 22.22%
Nigeria’s Headline inflation rate eased to 22.22% when compared to the May 2025 headline inflation rate of 22.97%, according to a report by the National Bureau of Statistics (NBS). The drop which is the third in the last three month is a marginal decrease of 0.76% compared to the May 2025 Headline inflation rate. The report however stated that the Consumer Price Index (CPI) rose to 123.4 in June 2025, reflecting a 2.0-point increase from the pre…
Nigeria’s inflation falls for third month in June
By Elisha Bala-Gbogbo ABUJA (Reuters) -Nigeria’s headline inflation rate fell for the third straight month in June, to 22.22% year-on-year from 22.97% in May, data from its statistics agency showed on Wednesday. Inflation in Africa’s most populous country soared to repeated 28-year peaks last year, spurred by President Bola Tinubu’s moves to end costly subsidies and devalue the country’s naira currency after coming to power in 2023. It dropped s…
Inflation Rate Eases to 22.22% in June - Economi Confidential
Nigeria’s inflation rate eased to 22.22% in June 2025, down from 22.97% recorded in May, according to the latest Consumer Price Index (CPI) report by the National Bureau of Statistics (NBS). The post Inflation Rate Eases to 22.22% in June appeared first on Economi Confidential.
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