NBS: Cost Of Preparing Diet Soared By 4.7 % In March

The National Average Cost of a healthy diet was N982 in March 2024, according to the latest report on the cost of a healthy diet by the National Bureau Statistics( NBS).

The amount is 4.7 percent higher than the amount recorded in the previous month (February 2024, was N938).

In March 2024, the average CoHD was highest in the South West at N1,198 per adult per day, compared to N787 per adult per day in North West.

In recent months, the CoHD has risen faster than general inflation and food inflation. However, the CoHD and the food CPI are not directly comparable; the CoHD includes fewer items and is measured in naira per day, while the food CPI is a weighted index.

The Cost of a Healthy Diet (CoHD) is the least expensive combination of locally available items that meets globally consistent food-based dietary guidelines.