Just In: Price Of Bread To Increase By 20%

The Abuja bakers’ union has directed its members to implement a 20 per cent increase in prices of bread amid an increase in the cost of ingredients.

A union official told PREMIUM TIMES on Friday that operators of bakeries in the federal capital territory were advised that it was better to increase prices and reduce the quantities of bread loaves to cover the increased cost of ingredients like flour, sugar and butter, rather than close shop.

The decision followed days of scarcity of bread in Abuja, and speculations that bakers had gone on strike. Many households rely on bread as their staple for mostly breakfasts and other meals.

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