Mkpoikana Udoma
Port Harcourt — Despite rising costs of electricity, house rent, food, and transport, Nigeria’s inflation rate eased to 22.22% in June 2025, down from 22.97% in May, according to the latest data from the National Bureau of Statistics, NBS.
The NBS report shows a 0.75 percentage point drop in headline inflation on a month-to-month basis. However, the Consumer Price Index, CPI, rose to 123.4 in June, up from 121.4 in May, a 2.0-point increase reflecting continued pressure on household expenses.
On a year-on-year basis, inflation fell sharply from 34.19% in June 2024, marking a 11.97 percentage point drop.
Still, prices remain volatile. The month-on-month inflation rate climbed to 1.68% in June, up from 1.53% in May, indicating that average prices rose faster in June despite the overall decline in headline inflation.
“In June 2025, the rate of increase in the average price level was higher than in May,” the NBS stated, underlining the contradiction between slowing headline inflation and persistent cost-of-living pressures.
Analysts say that while the annual inflation figures point to a gradual deceleration, everyday Nigerians continue to feel the pinch from soaring house rents, utility bills, food inflation, and transport fare hikes.
Executive Director of Youths and Environmental Advocacy Centre, YEAC-Nigeria, Dr. Fyneface Dumnamene, noted that economic hardship was still biting hard in the country as house rents, food prices were not coming down.
He said, “There is relative price stability in the market but the 0.75 % drop in headline inflation has not reflected on the prices of things in the market.
“Things like house rent, electricity tariff, transport fares, food prices and many others are increasing daily,” YEAC-Nigeria said.
