Nigeria’s inflation rate drops to 22.22%

The National Bureau of Statistics (NBS) has announced that Nigeria’s headline inflation rate dropped to 22.22 per cent in June 2025.

Nigeria’s inflation rate dropped from 22.97 per cent recorded in May 2025.

The NBS announced this via its Consumer Price Index (CPI) released on Wednesday, July 16.

UK inflation rises to over one-year high in June

The bureau stated: “On a year-on-year basis, the headline inflation rate was 11.97% lower than the rate recorded in June 2024 (34.19%).

“On a month-on-month basis, the headline inflation rate in June 2025 was 1.68%, which was 0.15% higher than the rate recorded in May 2025 (1.53%).

“This means that in June 2025, the rate of increase in the average price level was higher than the rate of increase in the average price level in May 2025.”

The Star

Segun Ojo

Recent Posts

CAF overturns 2025 AFCON final result, declares Morocco winners

CAF has overturned the result of the 2025 Africa Cup of Nations (AFCON) which was…

4 hours ago

Tinubu orders appointees seeking elective offices to resign before March 31

President Bola Tinubu has directed all political appointees in his administration who intend to contest…

5 hours ago

Maiduguri blasts: IGP inspects attack sites, tightens security

The Inspector-General of Police, Olatunji Rilwan Disu, has visited Maiduguri, Borno State, following the recent…

6 hours ago

FG rolls out ‘fly now, pay later’ scheme for domestic flights

The Federal Government has launched a new credit scheme tagged “Fly Now, Pay Later” to…

6 hours ago

US counterterrorism director Kent resigns over Iran war

The director of the United States National Counterterrorism Center, Joe Kent, announced his resignation on…

7 hours ago

Man caught on camera luring girl with ₦1,000 for sex

A video circulating on social media has ignited widespread outrage after a man was caught…

7 hours ago

This website uses cookies.