Experts attribute the recent drop in Nigeria’s headline inflation rate to the stability in the exchange rate market and seasonal farming.
According to the National Bureau of Statistics (NBS), the headline inflation rate eased to 22.22% in June 2025, down from 22.97% in May 2025.
Experts believe that the stability in the exchange rate market has contributed to the drop in inflation.
Seasonal farming has also played a role in reducing inflation, particularly in the food sector.
The inflation rate decreased by 11.97% compared to the same period in 2024.
The inflation rate increased by 1.68% in June 2025, up from 1.53% in May 2025.
While acknowledging the drop in inflation, Centre for the Promotion of Private Enterprise (CPPE) notes that concerns remain due to persistent pressures on prices.
An Economic Expert, Mr Ebo Ayodeji attributes the drop in inflation to the stability of the naira and relatively contained energy prices.
