Year-on-year inflation decline .The June 2025 headline inflation rate shows an 11.97 percentage point drop compared to June 2024’s 34.19% rate.
Food inflation,Food prices rose 3.25% month-on-month in June, driven by staples like tomatoes, pepper, and dried green peas. Year-on-year food inflation stood at 21.97%, a significant drop from 40.87% in June 2024.
Core inflation, excluding volatile items, declined year-on-year to 22.76% in June 2025 from 27.4% in June 2024.
Urban vs. rural inflation,Urban inflation dropped to 22.72% year-on-year, while rural inflation eased to 20.85%.
Base year effectThe high base year effect from last year’s inflation rate contributes to the decline.Naira stabilityThe relative stability of the naira exchange rate has helped moderate imported inflation. Improved macroeconomic stability Gains in the foreign exchange and petroleum sectors have also contributed to the decline in inflationary pressure.
