Nigeria TV Info is pleased to report that Nigeria’s inflation rate has dropped again in May 2025 — for the second consecutive month.

According to the latest data from the National Bureau of Statistics, annual consumer inflation eased to 22.97% from 23.71% in April. The updated price index and economic reforms appear to be having a positive effect.

🛒 Why This Matters:

Lower inflation helps families manage daily expenses.

Falling food prices reduce household burdens.

The Central Bank of Nigeria (CBN) maintained its key interest rate at 27.5%, signaling economic stability.

🔎 In Short:

“Economic reforms are starting to bear fruit. The drop in inflation gives Nigeria’s families room to breathe again.” – Nigeria TV Info

📊 Additional Info:

Food inflation: 21.14% in May (vs. 21.26% in April)

Inflation index: rebased to 2024

Outlook: positive, but requires continued attention