Inflation ! Bread inductries increases price of break by 50% prior to Sallah

The rumor in the city of Offa as turn to reality according to peoples living in the community. The information gathered from street interview narrates the wiliness of bread makers (bread Industries) to increase because they consider current selling price for loaf breads within Offa community too cheap compared with neighboring states like Osun State, Kogi and others.
Recently the arrival of a new bread making company " Captain Cook" has becoming a major treat to all break making industries in Offa. Captain cook arrived Offa city by projecting existing standard  which was generally accepted in other states. The company "Captain-Cook" had successfully stationed retails outlet in all strategic locations/junctions within Offa  city of which it had brought convenience to all peoples living in Offa city. Captain cook maintained standard interm of quality, quantity and packaging which drived other competitors out of market.
According to fact finding by FedpoffaConnect, discovered that price tag of other competitors is bellow selling price of captain cook. Captain Cooking sell a loaf  of break at rate of N350.00 while other sell at rate of N300 which is of low quality and bellow standard compared with captain cook break.
Peoples living in Offa enjoyed and preferred Captain cook breads over other competitors and this cause controversy between Caption-Cook and the association of bread making Industries in Offa. Few days ago, there is general increase in local breads price from bread industries in Offa except Captain -Cook bread product. The reason behind sudden increment is unknown to the general public and both consumers and the merchant also complaint bitterly about general increase in price. The inflation has subjected many merchandise to reduce purchasing quantity from their major supply from break Industries in Offa.

New change in price of Offa local break as follow
A loaf of Bread of previous sale price tag N50  now cost N100
A loaf of Bread of previous sale price tag N70 now cost N150
A loaf of Break of previous sale price tag N150 inflated to N200
A loaf of Bread of previous sale price tag N250 now cost N 400

Consumer costs in Federal Republic of Nigeria augmented sixteen.05 % year-on-year in July of 2017, easing slightly from a 16.1 % rise in June and compared to promote expectations of 16 p.c. it's all-time low rate of inflation since could of 2016 amid a retardation in price of housing and energy. On the opposite hand, food inflation hit the very best since the new CPI series began in 2009. rate of inflation in Federal Republic of Nigeria averaged 12.42% from 1996 till 2017, reaching Associate in Nursing all time high of forty seven.56 p.c in January of 1996 and a record low of -2.49 %  in January of 2000