The Consumer Price Index (CPI), which measures the rate of change in prices of goods and services, eased to 22.22 per cent in June compared to 22.97 per cent the previous month, the National Bureau of Statistics (NBS) revealed yesterday.
The NBS attributed the 0.76 per cent decrease in the headline index to moderation in energy and food prices.
According to the CPI report for June 2025, year-on-year, inflation stood at 11.97 per cent compared to 34.19 per cent in 2024 (using the November 2009 base year, and prior to rebasing).
Month-on-month, however, headline inflation was 1.68 per cent in June, compared to 1.53 per cent in May.
In the period under review, food inflation moderated to 21.97 per cent on a year-on-year basis, compared to 40.87 per cent in June 2024.
The NBS noted, however, that the “significant decline in the annual food inflation figure is technically due to the change in the base year.” Month-on-month, food inflation stood at 3.25 per cent, compared to 2.19 per cent in May.
