Skip to content
Food prices rise despite third month of overall decline
Abuja, Nigeria – Nigeria’s inflation rate fell to 22.22% in June 2025 from 22.97% in May, marking the third consecutive monthly decline. The National Bureau of Statistics released the data showing an 11.97 percentage point drop from June 2024’s peak of 34.19%.
The inflation rate decrease signals progress in price control efforts, though food costs continue pressuring household budgets across the country.
Food Costs Jump Despite Overall Relief
Food inflation climbed to 21.97% in June from 21.14% in May. Monthly food prices increased 3.25%, more than double May’s 2.19% rise.
Price increases hit essential items including green peas, pepper, shrimps, crayfish, meat, tomatoes, and plantain flour. The National Bureau of Statistics attributed the rises to supply chain issues and seasonal factors.
Families now face higher grocery bills even as other costs stabilize. A typical market basket costs significantly more than three months ago, offsetting gains from lower fuel and transport prices.
Regional Price Gaps Widen
States show different inflation patterns. Borno, Ebonyi, and Bayelsa recorded the highest year-on-year food inflation rates. Katsina, Adamawa, and Sokoto experienced slower increases.
Monthly food inflation varies by location. Enugu, Kwara, and Rivers states posted higher month-on-month rates than the national average. These differences reflect local supply conditions and transportation costs.
A bag of rice costs 15% more in some northern states compared to southern markets. Transport strikes and fuel shortages amplify these regional gaps.
Policy Response Required
The Central Bank faces pressure to address food prices while maintaining overall inflation progress. Current monetary policy targets general price stability but lacks tools for specific food cost control.
Government officials announced plans to improve agricultural supply chains and increase local production. These measures require months to show market impact.
Economic analysts expect continued volatility in food prices through the rest of 2025. Weather patterns and global commodity prices will influence domestic costs.
Household Impact Continues
Nigerian families adjust spending as food takes larger budget shares. Many switch to cheaper protein sources and reduce meal portions to manage costs.
Local markets offer better prices than supermarkets for fresh produce. Bulk buying helps some families reduce per-unit costs when storage allows.
The National Bureau of Statistics will release July data in August. Early indicators suggest overall inflation may continue declining while food prices remain elevated.
By Abiodun Labi
