The National Bureau of Statistics on Tuesday said inflation rate, which is captured by the Consumer Price Index, rose to about 9.2 per cent (year-on-year) in June, 2015.
It also said the average retail fuel price across the 36 states of the federation and Abuja, the Federal Capital Territory, declined by 5.25 per cent.
The new rate published on Tuesday was about 0.2 percentage points higher than the 9.0 per cent recorded in May, with N112.13 average retail fuel price lower than N118.36 per litre litres recorded in the previous month.
CPI measures the average change over time in prices of goods and services consumed by people for day-to-day living.
The report noted that through the first half of the year, the headline index stood at 8.6 per cent, about 0.7 percentage points higher from rates recorded during the corresponding period in 2014.
The price of food items rose by about 10 per cent (year-on- year) in June due to the irregular supply of petroleum products, principally premium motor spirit, popularly called petrol.
Consequently, the NBS said all groups contributing to the Food sub-index increased at a faster pace during the reporting period, except oils and fats, potatoes, yams and tubers groups increasing at a slower pace.
The pace of advances recorded by the “All Items less Farm Produce” or Core sub-index edged higher by 8.4 per cent during the month (year-on-year), marginally higher that the index in May, with the highest pressures observed in the Transportation, Education and Miscellaneous Good and Services divisions.
The pace of price increases, the report said, reflected in multiple divisions such as clothing and footwear, housing water, electricity, gas and other fuels, as well as other divisions.
Although headline index, made up of the core index and farm produce, eased, it was higher than the level attained in May, with largest increases observed in the food and non-alcoholic beverages, transportation and miscellaneous goods and services divisions.
During the month under review, both the urban and rural price indices increased at a faster pace relative to May, with the Urban index increasing marginally from 9.1 per cent in May to 9.2 per cent, while the rural index jumped by 0.2 percentage points from 8.9 per cent in the previous month to 9.1 per cent.
On a month-on-month basis, the Core Sub-index rose to 0.8 per cent, about 0.4 percentage points lower from 1.2 per cent in May, with the biggest increases recorded in the fuels and lubricants for personal transport equipment, liquid fuel (Kerosene), Solid Fuels (Charcoal), maintenance and repair of personal transport equipment; and passenger transport by road groups.
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