• About
  • Advertise
  • Contact
Wednesday, June 10, 2026
  • Login
Vital News
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
Vital News
No Result
View All Result
Home Economy

Inflation : Cost Of Living In Nigeria Rises By 19pct In One Month

Vital News by Vital News
August 10, 2024
in Economy
0
Nigeria’s Inflation Rate Jumps To 33.2%
Share on FacebookShare on Twitter

In June 2024, the national average cost of a healthy diet rose to N1,241.

The Nigerian Bureau of Statistics (NBS) made this revelation in its most recent “Cost of a Healthy Diet” report, which covers June.

The increase, as per the report, is 19.2% greater than the sum documented in the preceding month (May 2024, which was N1,041).

The least expensive combination of locally accessible foods that satisfy internationally accepted food-based dietary recommendations is known as the Cost of a Healthy Diet (CoHD).

It serves as a gauge for both the financial and physical accessibility of wholesome diets.

RelatedStories

Dangote Named Africa’s Most Admired Brand for 8th Consecutive Year

London Courts Africa’s Rising Economic Power As Khan Hosts Historic Business Summit

VP Shettima Urges States To Unlock Full Potential Of $750mln SABER Programme

S&P Upgrades Nigeria’s Credit Rating To B, Says Dangote Refinery Driving Nigeria’s Economic Resurgence

This is the lower bound (or floor) of the daily cost per adult, exclusive of transportation and meal preparation expenses.

In June, the percentage of the population experiencing inflation increased to 34.19 per cent, which was 0.24 per cent higher than the NBS’s May 2024 inflation estimate.

The average CoHD was N1,545 per adult per day in the South West in June 2024, while it was N956 per adult per day in the North West.

The CoHD has increased more quickly in recent months than both food and overall inflation.

Ekiti, Ogun, and Osun states had the highest costs at the state level, coming in at N1,640, N1,599, and N1,557, respectively.

The three regions with the lowest costs, Katsina, Kano, and Jigawa, were N878, N926, and N937.

At the zonal level, the South West Zone had the highest average CoHD daily at N1,545; the South-South Zone came in second with N1,376.

The North West Zone has the lowest average cost of a healthy diet, at N956 per day.

Foods derived from animals were the most costly dietary group that needed to be met in June, making up 35% of the total CoHD and 13% of the total calories.

When it came to cost per calorie, fruits and vegetables were the most expensive food groups.

They made up 11% and 17% of the total CoHD, respectively, but only 7% and 5% of the calories in the Healthy Diet Basket. At 7% of the overall cost, legumes, nuts, and seeds were the least expensive food group on average.

Since January 2024, the CoHD has been climbing gradually throughout the last six months.

The CoHD was 45% greater in June 2024 than it was in January 2024 (858).

Additionally, the price was 19% higher than what it was in May 2024 (1,041).

The main drivers of this increase in CoHD are vegetables, legumes, nuts and seeds, and starchy staples. (vitalnewsngr.com)

Tags: costhealthinflationliving
Previous Post

FG Takes Delivery Of 60 Locally Assembled CNG Buses

Next Post

Troops Kill 108 Terrorists, Rescue 214 Kidnap Victims

Vital News

Vital News

RelatedStories

Dangote Named Africa’s Most Admired Brand for 8th Consecutive Year
Business

Dangote Named Africa’s Most Admired Brand for 8th Consecutive Year

June 9, 2026
London Courts Africa’s Rising Economic Power As Khan Hosts Historic Business Summit
Business

London Courts Africa’s Rising Economic Power As Khan Hosts Historic Business Summit

June 4, 2026
VP Shettima Urges States To Unlock Full Potential Of $750mln SABER Programme
Economy

VP Shettima Urges States To Unlock Full Potential Of $750mln SABER Programme

June 2, 2026
After Fuel Price Increase,  Dangote Refinery Reaffirms Market Stability, Assures Adequate Nationwide PMS Supply
Economy

S&P Upgrades Nigeria’s Credit Rating To B, Says Dangote Refinery Driving Nigeria’s Economic Resurgence

May 25, 2026
Dangote Group Partnering Niger State To Strengthening Strategic Economic Partnership
Business

Dangote Group Partnering Niger State To Strengthening Strategic Economic Partnership

May 13, 2026
Next Post
Military Confirms Killing Of Commanding Officer, Two Majors, One Captain, 12 Soldiers In Delta State

Troops Kill 108 Terrorists, Rescue 214 Kidnap Victims

FG Appoints Eight Deputy Corps Marshalls For FRSC

11 Persons Die In Kaduna Road Crash

Alia Removes Chairman Of Benue Independent Electoral Commission

Governor Alia Condemns Killing Of 30 Persons In Benue Community

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us

Recommended

LG Poll : 20 NNPP Chairmanship Candidates Test Positive For Drugs In Kano – NDLEA

THE EFCC AND LAWFARE By Earnest Olaniyan

2 years ago
Kwara Rice Farmers Hail Etsu Patigi’s Leadership At Sixth Anniversary

Kwara Rice Farmers Hail Etsu Patigi’s Leadership At Sixth Anniversary

1 year ago
President Tinubu Establishes Task Force On Petroleum Reform, Value Optimisation, Appoints Fola Adeola As Chairman

FG Relocates Great Green Wall Agency Headquarters To Kano To Boost Fight Against Desertification

6 days ago
Timi To Install Nigeria’s Ex-Interior Minister, Dambazau Jagunmolu Of Ede

Timi To Install Nigeria’s Ex-Interior Minister, Dambazau Jagunmolu Of Ede

3 years ago

Instagram

    Please install/update and activate JNews Instagram plugin.

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Housing
  • ICT
  • Judiciary
  • Labour
  • Maritime/ Marine Transport
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Tourism
  • Transport
  • Uncategorized

Topics

Abiodun Abuja APC arrest Bandits Bello Benue Buhari CBN cement Court Dangote death dies drugs Economy EFCC Election FG Hajj INEC Kano kidnap Kill Kogi Kwara Lagos NDLEA Niger Nigeria Ododo Ogun PDP Police Power refinery rescue road Security Senate students Tinubu troops US Women
No Result
View All Result

Highlights

Xenophobia : FG To Begin Evacuation Of Nigerians From S/Africa On Thursday, First Batch To Arrive Lagos

Four killed, 24 injured In Warri–Itakpe Train crash, Senator Ede Dafinone, Ex-Delta SSG, Patrick Ukah In Narrow Escape

Surge In Borno Cholera Outbreak 7,850 Cases, 74 Deaths Recorded, Health Facilities Overwhelmed

Tegbe Resumes Office, Pledges Reforms, Accountability, Visible Progress In Power Sector

Dangote Named Africa’s Most Admired Brand for 8th Consecutive Year

Demand For Delineation Escalates As Ijaw, Urhobo Youths, Women Shut Down 13 Oil Flow Stations, Over 400,000bpd Lost

Trending

Ekiti State University Deputy Registrar, Afolabi, Collapses, Dies While Writing Test To Become Substantive Registrar
Education

Ekiti State University Deputy Registrar, Afolabi, Collapses, Dies While Writing Test To Become Substantive Registrar

by Vital News
June 9, 2026
0

A Deputy Registrar with Ekiti State University, Ado Ekiti, Dr Solomon Oluwashola Afolabi suddenly died on Tuesday...

PDP Re-Elects Mohammed, Anyanwu As Chairman, Secretary

INEC Removes Two Officers Of Turaki -led PDP From Portal, Lists Wike’s Loyalists As Replacements

June 9, 2026
FG Establishes Task Force On Ebola, Sets Aside N10bln For Emergency Preparedness

FG Establishes Task Force On Ebola, Sets Aside N10bln For Emergency Preparedness

June 9, 2026
Excitement As FG Reintroduces Payment Of Gratuity To Federal Civil Servants

Xenophobia : FG To Begin Evacuation Of Nigerians From S/Africa On Thursday, First Batch To Arrive Lagos

June 9, 2026
Four killed, 24 injured In Warri–Itakpe Train crash, Senator Ede Dafinone, Ex-Delta SSG, Patrick Ukah In Narrow Escape

Four killed, 24 injured In Warri–Itakpe Train crash, Senator Ede Dafinone, Ex-Delta SSG, Patrick Ukah In Narrow Escape

June 9, 2026
ADVERTISEMENT
Vital News

Vital News is an online newspaper with a mission to uphold professional journalism by reporting and publishing only facts and figures-based news reports across Nigeria and beyond.

Recent News

  • Ekiti State University Deputy Registrar, Afolabi, Collapses, Dies While Writing Test To Become Substantive Registrar June 9, 2026
  • INEC Removes Two Officers Of Turaki -led PDP From Portal, Lists Wike’s Loyalists As Replacements June 9, 2026
  • FG Establishes Task Force On Ebola, Sets Aside N10bln For Emergency Preparedness June 9, 2026

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Housing
  • ICT
  • Judiciary
  • Labour
  • Maritime/ Marine Transport
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Tourism
  • Transport
  • Uncategorized

© 2022 Vital News - . All Rights Reserved.

No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security

© 2022 Vital News - Vital News by Vital News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In