Nigeria Inflation Rate Slows for 3rd Month
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Nigeria’s annual inflation rate fell for the third month to 22.22% in June 2025, the softest since April 2023, from 22.97% in the prior month, largely due to a strengthening naira.
Food inflation, the largest component of the inflation basket, remained elevated but moderated further to 21.97%, from 21.14% the month before.
On a monthly basis, consumer prices rose 1.70% in June, after a 1.53% increase in the previous month.
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