The National Bureau of Statistics said Nigeria’s headline inflation rate increased to 27.33 per cent in October 2023.
“Ogochukwu was beaten by her husband because she ate the loaf of bread he bought for the kids.”
The latest inflation data represents a 0.88 per cent increase from the 19.64 per cent recorded in July 2022.
Bakers in the state had made several complaints following the high cost of condiments for bread and other confectionery production.
Bakers blamed undue regulatory hurdles and fines as contributing to the crisis.
“Unfortunately, as we resume production, July 25, prices of bread will definitely increase by 20 per cent.”
“Today, quality bread has become the food for the rich and many bakers without consciences are using adulterated materials…”
“If you want to take more than three slices, mummy will be shouting bread is now expensive o.”
Checks with some bread sellers on Thursday in Benin saw that a small loaf of bread that was sold for N120 in November 2021, now sells for N180.
“If anybody gives you money, take it. It doesn’t matter…If you want to buy bread, a loaf is now N500 and you must get two.”
