The Digest:
Nigeria's inflation rate eased to 22.22% in June 2025, down from 22.97% in May. This improvement signals a shift toward more stable economic conditions despite ongoing challenges in food inflation and broader price increases.
Key Points:
- Headline Inflation: Eased to 22.22% from 22.97% in May 2025.
- Food Inflation: Dropped to 21.97% year-on-year, significantly down from 40.87% in June 2024.
- Monthly Inflation: Increased by 1.68% in June, slightly up from 1.53% in May.
- Food Price Surge: Increased by 3.25% month-on-month due to rising prices of staple goods like tomatoes and fresh meat.
- Economic Impact: Reduction in inflation suggests some economic relief for Nigerians, but food prices remain high.
- Government Response: Federal stakeholders continue working on solutions for price regulation in the downstream sector.
- Future Outlook: Stakeholders to meet in July to discuss long-term solutions for pricing and supply stability.
This easing of inflation offers a sign of hope for Nigeria’s economy but reflects a complex, ongoing balancing act. While food prices have dropped compared to last year, further intervention is essential to stabilize costs across sectors.
Sources: NBS, Business Post
