Nigeria’s headline inflation rate declined to **22.22% in June 2025**, down from **22.97% in May**, according to the latest Consumer Price Index (CPI) report by the National Bureau of Statistics (NBS). This marks a **0.75 percentage point drop year-on-year**, and a significant **11.97-point decline** from the **34.19% recorded in June 2024**. The figures reflect data based on the revised CPI base year of 2024. On a **month-on-month basis**, inflation rose slightly to **1.68% in June**, compared to **1.53% in May**, indicating a modest uptick in the general price level. ### Food Inflation Falls Sharply Year-on-Year The **annual food inflation rate** stood at **21.97%** in June, representing a notable **18.90 percentage point drop** from the **40.87% recorded in June 2024**. However, food prices increased month-on-month by **3.25%**, up from **2.19% in May**. This monthly rise was largely driven by higher prices of staples such as dried green peas, fresh pepper, crayfish, tomatoes, plantain flour, and fresh meat. ### Core and Urban-Rural Inflation Trends **Core inflation**, which excludes volatile food and energy prices, rose to **22.76% year-on-year**, with a month-on-month increase of **2.46%**, compared to **1.10% in May**. The 12-month average core inflation stood at **24.14%,** slightly above the **24.01%** seen a year ago. **Urban inflation** climbed to **22.72% year-on-year** and **2.11% month-on-month**, while **rural inflation** eased to **20.85% year-on-year**, with a slower monthly increase of **0.63%**, down from **1.83% in May**. The average 12-month rural inflation rate dropped to **24.65%**, from **28.15%** in June 2024. ### State-Level Breakdown: Borno Leads in Inflation Spike At the state level, **Borno State** recorded the highest headline inflation at **31.63%**, followed by **FCT (26.79%)** and **Benue (25.91%)**. **Zamfara (9.90%)**, **Yobe (13.51%)**, and **Sokoto (15.78%)** posted the slowest increases. For month-on-month changes, **Ekiti (5.39%)**, **Delta (5.15%)**, and **Lagos (5.13%)** saw the highest rises, while **Zamfara (-6.89%)**, **Niger (-5.35%)**, and **Plateau (-4.01%)** experienced the steepest monthly declines. ### Food Inflation by State: Wide Regional Differences In terms of food inflation, **Borno (47.40%)**, **Ebonyi (30.62%)**, and **Bayelsa (28.64%)** reported the highest year-on-year increases. **Katsina (6.21%)**, **Adamawa (10.90%)**, and **Sokoto (15.25%)** had the slowest. On a monthly basis, **Enugu (11.90%)**, **Kwara (9.97%)**, and **Rivers (9.88%)** recorded the sharpest increases, while food prices dropped in **Borno (-7.63%)**, **Sokoto (-6.43%)**, and **Bayelsa (-6.34%)**. The NBS cautioned that state comparisons should be made carefully, as varying consumption patterns influence CPI weights, potentially affecting regional inflation measurements.