Food price: Cost of healthy diet drops – NBS

The National Bureau of Statistics has said the cost of a Healthy Diet declined on a Month-on-month basis to N1,255 per day in August 2024 from N1,265 in July amid high prices of food.

NBS disclosed this in its recent Cost of a Healthy Diet, CoHD data released on its official website.

According to NBS, this represents a slight 0.8 percent decline compared to N1,265 recorded in July this year.

NBS said, “This is a lower bound (or floor) of the cost per adult per day excluding the cost of transportation and meal preparation.”

On a zonal level analysis, the average CoHD was highest in the South West at N1,554 per adult per day, compared to N1.014 per adult per day in North West.

The data comes as Nigeria’s headline and food inflation stood at 32.15 percent and 37.52 percent in August. NBS is yet to release inflation data for September.

Meanwhile, Nigerians have lamented that NBS inflation data does not reflect reality.

The Chief Executive Officer of the Centre for the Promotion of Private Enterprise, Muda Yusuf said that despite the decline in Nigeria’s inflation figure, reality showed that prices of goods and services had remained on the high side.

In July, the Nigerian Government announced a 150-day zero import waiver on husked brown rice, grain, sorghum, millet, maize, wheat and beans, however, the government footdrag in its implementation.

Food price: Cost of healthy diet drops – NBS