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Monday, October 28, 2024

Cost of healthy diet increased by 7.3% in September: NBS

The NBS said in the report released Monday that the cost of healthy diet in September increased by 7.3 per cent compared to the N1,255 recorded in August.

• October 28, 2024
Food
food market

The National Average Cost of a Healthy Diet (CoHD) per adult a day stood at N1,346 in September 2024, the National Bureau of Statistics (NBS) said in its report for September 2024.

The bureau said in the report released Monday that the CoHD in September increased by 7.3 per cent compared to the N1,255 recorded in August.

The NBS said the CoHD was the least expensive combination of locally available items that met globally consistent food-based dietary guidelines.

It said it was used to measure physical and economic access to healthy diets.

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

The bureau said that to compute the CoHD indicator, the following data on Retail Food Prices, Food Composition Data, and Healthy Diet Standards were required.

The NBS also said that in September, the average CoHD was highest in the South-West at N1,598 per adult per day, followed by the South-South at N1,462 per day.

It said the lowest average CoHD was recorded in the North-West at N1,144 per adult per day.

The NBS further said that at the state level, Osun, Ogun and Lagos recorded the highest CoHD at N1,661, N1,650, and N1,639, respectively.

The bureau said Katsina recorded the lowest CoHD at N1.043, followed by Jigawa at N1,087 and Kebbi at N1,118.

The NBS said CoHD had steadily increased over the past six months since April 2024.

“The CoHD in September 2024 is 30 per cent higher than what was recorded in April 2024 at N1,035.

“The food groups that have driven the increases in CoHD are legumes, nuts and seeds, starchy staples, and animal source foods.

“Legumes, nuts and seeds recorded the smallest increase in price by 3.8 per cent on a monthly basis,” NBS said.

The report added that animal-source foods were the most expensive food group recommendation to meet in September, accounting for 36 per cent of the total CoHD to provide 13 per cent of the total calories.

It noted that fruits and vegetables were the most expensive food groups in terms of price per calorie.

“They accounted for 11 per cent and 15 per cent, respectively, of the total CoHD while providing only seven per cent and five per cent of total calories in the Healthy Diet Basket.

“Legumes, nuts and seeds were the least-expensive food group on average, at seven per cent of the total cost.’’

The report also said that the CoHD had risen faster than general inflation and food inflation in recent months.

“However, the CoHD and the food Consumer Price Index (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,” NBS said. 

(NAN)

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