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The National Bureau of Statistics (NBS) has said food scarcity, insecurity and high prices have forced Nigerian households to cut consumption. To this end, the body said 65 percent of families and other residents are unable to afford healthy meals over lack of money. NBS disclosed this in its latest General Household Survey Panel (Wave
32.15% in August is trending because according to NBS, Nigeria’s inflation reduced last month despite the petrol crunch and dollar nearly peaking at ₦1,700. The National Bureau of Statistics published that, inflation for August is 32.15%, which is lower compared to 34.19% in June and 33.40% in July, at 1.25% difference. Although higher when compared
The average cost of a healthy diet in Nigeria rose to an all-time high at N1,265 in July 2024 according to data from the National Bureau of Statistics ((NBS). The cost of a healthy diet (CoHD) in July was 1.9% higher when compared to the previous month of June which stood at N1,241. According to
The National Bureau of Statistics (NBS) has said that Nigeria’s headline inflation rate in May 2024, increased from 33.69% recorded in April to 33.95%. The Bureau which made this known in its May report published on its website said that the inflation rate in May increased by 0.26% points when compared to the April record.
In April 2024, the headline inflation rate rose to 33.69%, up from 33.20% in March 2024, marking an increase of 0.49% points according to the Nigeria Bureau of Statistics (NBS). Comparing year-on-year data, the inflation rate in April 2024 was 11.47% points higher than in April 2023, where it stood at 22.22%. This indicates that