The recent spike in prices of commodities is putting huge pressure on households and intensifying the cost-of-living crisis in Nigeria, Africa’s most populous nation.
The situation has started robbing households, especially children of their favourite meal, noodles and pasta, no thanks to the surging inflation and weakening of the naira.
The naira, which crossed the N1,000 mark to a dollar at the official FX market in December 2023, has remained volatile, settling at N1,578.06/$ as of Saturday, March 28th, 2024.
Noodles and pasta became popular meals on the menu list of both adults and children due to convenience, low prices and ease of cooking, but the new hike in price has taken both away from many.
Kwamkwam news Sunday survey of some major markets in Lagos shows that the price of a carton of super pack Indomie brand of noodles ranges between N17,500 and N18,000.
This represents about a 61.6 percent increase when compared to N11,140 and N12,500 that a carton was sold for as of mid-February 2024.
Meanwhile, in February 2023, the same noodles were sold for between N6,000 and N6,500 per carton equaling about a 176.9 percent increase in price. This explains how accelerating inflation has affected food prices in Nigeria.
A breakdown shows that a single pack of Indomie Super pack was sold for N500 from N350 two weeks ago, while other brands of noodles go for N450. Hungry Man goes for N900, Indomie Belleful goes for N1,200 while small indomitable goes for N400.
SPAGHETTI
Our Pasta’s quality is outstanding. It does not stick together or get soggy when cooked. It retains its freshness and firmness for a long time. It has a pleasurable aroma and is great for individual and family meals
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