• About
  • Advertise
  • Contact
Tuesday, July 21, 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

FAAC Shares June 2026 N2.550trillion Revenue Among FG, States, LGs

Senator Oluremi Tinubu Unveils N100mln Empowerment Scheme For 2,000 Petty Traders In Kogi, Urges Nigerians To Harness Opportunities

PRESCO Plc Set To Commit $100mln To Oil Palm Plantation In Ogun, Commences Operation

We Don’t Operate Shadow Budget, Says FG, Dismisses Report Of Spending N8trillion Outside Approved Budget

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

FAAC Shares N2.257trillion April Revenue Among FG,States,LGs
Economy

FAAC Shares June 2026 N2.550trillion Revenue Among FG, States, LGs

July 16, 2026
Senator Oluremi Tinubu Unveils N100mln Empowerment Scheme For 2,000 Petty Traders In Kogi, Urges Nigerians To Harness Opportunities
Business

Senator Oluremi Tinubu Unveils N100mln Empowerment Scheme For 2,000 Petty Traders In Kogi, Urges Nigerians To Harness Opportunities

July 11, 2026
PRESCO Plc Set To Commit $100mln To Oil Palm Plantation In Ogun, Commences Operation
Agriculture/ Water/ Mineral

PRESCO Plc Set To Commit $100mln To Oil Palm Plantation In Ogun, Commences Operation

July 7, 2026
We Don’t Operate Shadow Budget, Says FG, Dismisses Report Of Spending N8trillion Outside Approved Budget
Economy

We Don’t Operate Shadow Budget, Says FG, Dismisses Report Of Spending N8trillion Outside Approved Budget

July 5, 2026
President Tinubu Departs Abuja On Three- Nation Tour Of France, Kenya, Rwanda May 2
Economy

Debt Is Not Nigeria’s Problem, Low Revenue Is – World Bank

July 5, 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

Guber Poll : Kogi West Elders Forum Set To Adopt A Candidate, Dissolves Committees

Guber Poll : Kogi West Elders Forum Set To Adopt A Candidate, Dissolves Committees

3 years ago

Embalo, Guinea Bisau President is ECOWAS new Chairman

4 years ago
Buhari Sacks NIRSAL MD,  Aliyu Abdulhameed Over Fraud Allegations

Buhari Sacks NIRSAL MD, Aliyu Abdulhameed Over Fraud Allegations

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

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

1 month 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 drug drugs Economy EFCC Election FG Hajj INEC Kano kidnap Kill Kogi Kwara Lagos NDLEA Niger Nigeria Ododo Ogun Oyo PDP Police Power refinery rescue road Security Senate students Tinubu US
No Result
View All Result

Highlights

Olori Eyo, Kabiru Adeshina Oshodi Dies At 72, Omo Epetedo Forum Mourns

Leading Kogi Traditional Ruler, Olu Of Magongo Joins Ancestors, Magongo Development Association Mourns

Crisis Looms As Oil Marketers Stop Lifting Petrol From Dangote Refinery Over Price

Four Police Officers In Trouble For Extorting N53,000 From Chairman Of ICPC, FCT Police Chief Says Culprits Face Dismisal

Banditry : Arrested ‘Ansaru Leaders’ Make U-turn, Plead Guilty To 32 Terrorism Charges

Opposition To FRSC’s Bus-preaching Bill Exposes Your Selfish Agenda, MURIC To Christian Leaders ‎

Trending

President Tinubu Appoints ex-Governor Fayose Chairman Of REA, 25 Others Into 10 Federal Agencies
News

President Tinubu Appoints ex-Governor Fayose Chairman Of REA, 25 Others Into 10 Federal Agencies

by Vital News
July 20, 2026
0

President Bola Ahmed Tinubu has announced 26 new appointments into 10 Federal Government agencies and commissions, with...

Signal Betrayed, General Uba Slaughtered, ISWAP Shows Deadly Reach In Borno

Intelligence Is The Grandfather Of Successful Military Operations By Oluseyi Petinrin

July 20, 2026
Banditry : Arrested ‘Ansaru Leaders’ Make U-turn, Plead Guilty To 32 Terrorism Charges

DSS Kicks Against Life Sentence On Two Ansaru Terrorist Commanders, Seeks Maximum Death Penalty

July 20, 2026
Olori Eyo, Kabiru Adeshina Oshodi Dies At 72, Omo Epetedo Forum Mourns

Olori Eyo, Kabiru Adeshina Oshodi Dies At 72, Omo Epetedo Forum Mourns

July 20, 2026
Leading Kogi Traditional Ruler, Olu Of Magongo Joins Ancestors, Magongo Development Association Mourns

Leading Kogi Traditional Ruler, Olu Of Magongo Joins Ancestors, Magongo Development Association Mourns

July 20, 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

  • President Tinubu Appoints ex-Governor Fayose Chairman Of REA, 25 Others Into 10 Federal Agencies July 20, 2026
  • Intelligence Is The Grandfather Of Successful Military Operations By Oluseyi Petinrin July 20, 2026
  • DSS Kicks Against Life Sentence On Two Ansaru Terrorist Commanders, Seeks Maximum Death Penalty July 20, 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