US Edition
Nigeria's Inflation Eases Again to 22.22
NIGERIA, JUL 16 – Nigeria's inflation rate fell to 22.22% in June 2025, marking the third consecutive monthly decline despite ongoing food price pressures, the National Bureau of Statistics reported.
- Nigeria's headline inflation rate decreased to 22.22% in June 2025, marking the third consecutive monthly decline.
- This decline followed measures from a July 2023 state of emergency declared by Mr. Tinubu to reduce food prices by suspending import duties.
- Despite the easing, food inflation rose slightly to 21.97% year-on-year in June 2025, driven by price increases in items like dried peas and fresh pepper.
- The National Bureau of Statistics attributed the significant drop in annual food inflation to the change in the base year, stating it was a technical effect.
- Although headline inflation is declining, ongoing high food prices continue to strain Nigerian incomes and aggravate the country's cost-of-living crisis.
21 Articles
21 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…
Nigeria’s Inflation Rate Eases For The Third Straight Month, Settling At 22.22%
Nigeria’s inflation rate has recorded a third consecutive month of decline, easing to 22.22% in June, offering a glimpse of relief for millions of households grappling with soaring living costs. Though the rate remains historically high, the steady downtrend has spurred cautious optimism among economists, businesses, and policymakers that inflation may have peaked and could [...] Source from InfoStride News
Coverage Details
Bias Distribution
- 60% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
