Cost Of Healthy Diet Records First Decline, Now At N1,255

The Cost of a Healthy DietCoHD fell by 0.8percent month-on-month MoM to N1,255 per adult per day in August from N1,265 per adult per day in July.

This represents the first MoM decline since January when CoHD grew to N858 and continued rising to N1,265 in July, a development attributed to increase in prices of legumes, nuts and seeds, starchy staples and vegetables.

In its CoHD report for August 2024 released yesterday, the National Bureau of Statistics, NBS, explained that CoHD is the least expensive combination of locally available items that meets globally consistent food-based dietary guidelines. This is a lower bound or floor of the cost per adult per day excluding the cost of transportation and meal preparation.

NBS, in the report, stated The national average cost of a healthy diet was N1,255 per adult per day in August 2024.