Nigeria, June 16 -- Nigeria's annual inflation rate eased to 22.97 per cent in May from 23.71 per cent in April 2025, the National Bureau of Statistics (NBS) said on Monday.

The statistics office said the May 2025 headline inflation rate decreased 0.74 per cent compared to the April 2025 headline inflation rate.

On a year-on-year basis, the NBS said the headline inflation rate was 10.98 per cent lower than the rate recorded in May 2024 (33.95 per cent).

This, it said, shows that the Headline inflation rate (year-on-year basis) decreased in May 2025 compared to the same month in the preceding year (i.e., May 2024), though with a different base year, November 2009 = 100.

The NBS said on a month-on-month basis, the headline inflation rat...