Cost of Healthy Diet Surge by 5.4% in April – NBS

Date:

May 29, 2024.

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Azonuchechi Chukwu.

The National Average Cost of a Healthy Diet (CoHD) per adult a day stood at N1,035 as at April, the National Bureau of Statistics (NBS) has said.

The NBS revealed this in its CoHD report for April 2024 released on Wednesday in Abuja.

The bureau said the CoHD in April increased by 5.4 per cent compared to the N982 recorded in March.

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 as a measure of 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 Standard were required.

The NBS also said that in April, the average CoHD was highest in the South-West at N1,406 per adult per day, followed by the South- East at N1,190 per day.

It said the lowest average CoHD was recorded in the North-West at N781 per adult per day.

The NBS further said that at the state level, Ekiti, Ogun and Osun recorded the highest CoHD at N1,483, N1,447, and N1,417, respectively.

The bureau said Kogi and Katsina recorded the lowest CoHD at N709, followed by Kaduna and Nasarawa at N756 and N769, respectively.

The NBS said CoHD had steadily increased since the first CoHD report by the bureau in October 2023.

“ The CoHD in April 2024 is 40 per cent higher than what was recorded in October 2023 at N703 and 5 per cent higher than CoHD in Mach 2024, which was N982.

“The food groups that have driven the increases in CoHD the most are vegetables, starchy staples, and legumes, nuts and seeds. The cost of meeting the recommendations for oil and fats have changed the least since March 2024”

The report added that animal-source foods were the most expensive food group recommendation to meet in April , 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 16 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 six per cent of the total cost.’’

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

“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.”

The NBS said the policy implications of these results would foster collaboration among a wide range of stakeholders, such as policymakers, researchers and civil society actors that focus on food security.

“These stakeholders will devise strategies that tackle access, availability, and affordability of healthy diet effectively.

“Also future research incorporating income can also be used to determine the proportion and number of the population that are unable to afford a healthy diet,” the report said. (www.naija247news.com).

Azonuchechi Chukwu
Azonuchechi Chukwuhttps://gravatar.com/azonuchechivchukwu
Azonuchechi Chukwu - Business Journalist at Naija247news.com Azonuchechi Chukwu is a seasoned business journalist contributing to the insightful coverage of economic and financial news at Naija247news.com. With a passion for unraveling the complexities of the business world, Azonuchechi brings a wealth of expertise and dedication to his role. As a Business Journalist, Azonuchechi specializes in providing comprehensive analyses of market trends, corporate developments, and economic indicators. His in-depth reports offer Naija247news.com readers a nuanced understanding of the forces shaping the Nigerian and global business landscapes. Azonuchechi Chukwu's commitment to journalistic excellence is evident in his ability to translate complex financial information into accessible and engaging narratives. Whether exploring stock market fluctuations, corporate strategies, or economic policies, he strives to deliver content that empowers readers with valuable insights. With an educational background in business and a keen interest in the intersection of finance and technology, Azonuchechi stays at the forefront of industry dynamics. His coverage extends beyond traditional financial reporting, encompassing the dynamic realms of fintech, entrepreneurship, and sustainable business practices. Azonuchechi Chukwu's work goes beyond the surface, aiming to foster financial literacy and awareness among Naija247news.com's audience. By demystifying economic complexities and shedding light on emerging opportunities, he plays a pivotal role in keeping readers well-informed in the fast-paced world of business. As Naija247news.com's Business Journalist, Azonuchechi Chukwu continues to make meaningful contributions to the platform's mission of delivering timely, accurate, and relevant business news to its diverse audience. His dedication to journalistic integrity and his ability to navigate the intricacies of the business realm make him an invaluable asset to the Naija247news.com team.

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