• About
  • Advertise
  • Contact
Tuesday, April 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

Report Of Hidden Spending, Diversion Of Federation Revenue Are False – FG

President Tinubu Signs ₦68.32 trillion 2026 Appropriation Bill Into Law, Extends 2025 Budget Implementation Period

Dangote Group Plans To Showcase Refinery, Vision 2030, Others At Nasarawa Trade Fair

ActionAid Calls For Transparency In Nigeria’s Revenue Management

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

Report Of Hidden Spending, Diversion Of Federation Revenue Are False – FG
Economy

Report Of Hidden Spending, Diversion Of Federation Revenue Are False – FG

April 20, 2026
President Tinubu Signs ₦68.32 trillion 2026 Appropriation Bill Into Law, Extends 2025 Budget Implementation Period
Economy

President Tinubu Signs ₦68.32 trillion 2026 Appropriation Bill Into Law, Extends 2025 Budget Implementation Period

April 17, 2026
Dangote Group Plans To Showcase Refinery, Vision 2030, Others At Nasarawa Trade Fair
Business

Dangote Group Plans To Showcase Refinery, Vision 2030, Others At Nasarawa Trade Fair

April 16, 2026
ActionAid Calls For Transparency In Nigeria’s Revenue Management
Economy

ActionAid Calls For Transparency In Nigeria’s Revenue Management

April 16, 2026
Shareholders Of Dangote Sugar Approve N500bln Rights Issue For Strategic Expansion
Business

Shareholders Of Dangote Sugar Approve N500bln Rights Issue For Strategic Expansion

April 16, 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

Abiodun Seeks Increased Police Support Against Kidnappers, Cultists, Land Grabbers

Abiodun Seeks Increased Police Support Against Kidnappers, Cultists, Land Grabbers

3 years ago
49 Dead, 41,344 Others Displaced By Floods In Adamawa, Taraba, Jigawa – NEMA

49 Dead, 41,344 Others Displaced By Floods In Adamawa, Taraba, Jigawa – NEMA

2 years ago
Former President Muhammadu Buhari Dies In London At 82

FG Declares Tuesday, July 15 Public Holiday In Honour Of Late Former President Muhammadu Buhari

9 months ago

APC national Secretary, Udoedehe resigns

4 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
  • Judiciary
  • Labour
  • Maritime/ Marine Transport
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Tourism
  • Transport
  • Uncategorized

Topics

Abiodun Abuja APC arrest Atiku 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 students Tinubu troops US Women
No Result
View All Result

Highlights

Report Of Hidden Spending, Diversion Of Federation Revenue Are False – FG

Colour, Music, Tradition, Culture On Display As Ogori Holds Grand Finale Of 2026 Ovia Osese Festival

Kwara Police Intercept Ammunition In Bag Of Garri, Arrest cultists, Suspected Kidnappers In Sweeping Crackdown

Ex-NFF Chairman, Ibrahim Galadima Dies At 78

Veteran Juju Musician, Professor Y.K. Ajao Is Dead

The One-China Principle Is Inviolable : Taiwan Remains Part Of China By Lawal Sale

Trending

Ahead Of 2027 Polls, Ogun East APC Endorses Governor Dapo Abiodun For Senate
Politics

Ahead Of 2027 Polls, Ogun East APC Endorses Governor Dapo Abiodun For Senate

by Vital News
April 20, 2026
0

Leaders and stakeholders of the All Progressives Congress (APC) in Ogun East Senatorial District have unanimously endorsed...

Easter : Ododo Felicitates Kogi Christians, Urges Them To Emulate Virtues of Humility, Love, Forgiveness

2027 : Returning All First Term House Assembly Members, A Wise Decision By Governor Ahmed Usman Ododo By Biodun Ayelafe

April 20, 2026
NDLEA Intercepts 2.8kg Cocaine Heading To UK, Arrest Lagos Fashion Designer Over Importation Of 2.90kg Loud From America

NDLEA Intercepts 2.8kg Cocaine Heading To UK, Arrest Lagos Fashion Designer Over Importation Of 2.90kg Loud From America

April 20, 2026
Report Of Hidden Spending, Diversion Of Federation Revenue Are False – FG

Report Of Hidden Spending, Diversion Of Federation Revenue Are False – FG

April 20, 2026
Colour, Music, Tradition, Culture On Display As Ogori Holds Grand Finale Of 2026 Ovia Osese Festival

Colour, Music, Tradition, Culture On Display As Ogori Holds Grand Finale Of 2026 Ovia Osese Festival

April 19, 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

  • Ahead Of 2027 Polls, Ogun East APC Endorses Governor Dapo Abiodun For Senate April 20, 2026
  • 2027 : Returning All First Term House Assembly Members, A Wise Decision By Governor Ahmed Usman Ododo By Biodun Ayelafe April 20, 2026
  • NDLEA Intercepts 2.8kg Cocaine Heading To UK, Arrest Lagos Fashion Designer Over Importation Of 2.90kg Loud From America April 20, 2026

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • 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