Food is part of the basic necessity of life.

Puff puff

We all love food but as Nigerians, there are some foods we can’t live without. These foods are already a part of us. We either take them as breakfast, lunch, or dinner. Either way, we can’t do without eating them in a week

Here are 5 foods we can’t live without:

1. Bread: Bread is a major food in Nigeria. It can be eaten at any time of the day. It can be eaten with beans, egg, Moi moi, akara. It can also be taken with tea, pap, custard, or even soft drinks. Bread comes in different sizes and types like agege bread, sardine bread, wheat bread, chocolate bread e.t.c

2.Rice: Rice is another carbohydrate Nigerians can’t live without. It is low in calories and it’s a good source of energy. Rice can be cooked in different ways. It can be cooked as fried rice, jollof rice, coconut rice, white rice, or ofada rice. Nigerians can eat rice every day at any time. Rice can be served with proteins like egg, fish, meat, and other food like moimoi, salad, or coleslaw.

3.Noodles: Noodles is definitely a common food in Nigeria. It’s no longer meant for children, even adults eat noodles. Noodles is very cheap, easy, and fast to cook that’s why it is referred to as ‘instant noodles. Noodles can be served with egg, sardine, or any type of protein.

4.Garri: Garri is like a life-saver for Nigerians, it’s a food you can easily lay your hands on when you don’t have money, and even when you have money, garri is something you cannot do without. Groundnut, milk, sugar, cold water, and garri is definitely a good combo. Garri can also be used to prepare Eba which is also a common food for Nigerians.

5.Plantain: Plantain is one delicious food Nigerians love. It is also called cooking bananas. It is easy and quick to make. Plantain can be served as a side dish e.g rice and plantain, beans and plantain. It can also be served as a main dish e.g plantain and fish sauce.

6.Puff- Puff: Puff-puff is basically a snack but its something Nigerians can’t let go off. It is made of fried dough and it mostly sold on the road-side. Puff-puff is very delicious especially when hot and it can be taken with soft-drinks.

The consumer price index, (CPI) which measures inflation increased by 14.23 percent (year-on-year) in October 2020. This is 0.52 percent points higher than the rate recorded in September 2020 (13.71 percent).

Increases were recorded in all COICOP divisions that yielded the Headline index.

On a month-on-month basis, the Headline index increased by 1.54 percent in October 2020, this is 0.06  percent rate higher than the rate recorded in September 2020 (1.48 percent).

The percentage change in the average composite CPI for the twelve months period ending October 2020  over the average of the CPI for the previous twelve months period was 12.66 percent, showing a 0.22  percent point rise from 12.44 percent recorded in September 2020.

The urban inflation rate increased by 14.81 percent (year-on-year) in October 2020 from 14.31 percent recorded in September 2020, while the rural inflation rate increased by 13.68 percent in October 2020  from 13.14 percent in September 2020.

On a month-on-month basis, the urban index rose by 1.60 percent in October 2020, up by 0.04 from 1.56  percent recorded in September 2020, while the rural index also rose by 1.48 percent in October 2020, up  by 0.08 from the rate recorded in September 2020 (1.40 percent).

The corresponding twelve-month year-on-year average percentage change for the urban index is 13.29  percent in October 2020. This is higher than 13.07 percent reported in September 2020, while the corresponding rural inflation rate in October 2020 is 12.09 percent compared to 11.86 percent recorded in September 2020.

FOOD INDEX

The composite food index rose by 17.38 percent in October 2020 compared to 16.66 percent in  September 2020.

This rise in the food index was caused by increases in prices of Bread and cereals, Potatoes, yam and other tubers, Meat, Fish, Fruits, Vegetable, alcoholic and food beverages and Oils and Fats.

On a month-on-month basis, the food sub-index increased by 1.96 percent in October 2020, up by 0.08  percent points from 1.88 percent recorded in September 2020.

The average annual rate of change of the Food sub-index for the twelve-month period ending October  2020 over the previous twelve-month average was 15.42 percent, representing a 0.29 percent points from the average annual rate of change recorded in September 2020 (15.13) percent.

ALL ITEMS LESS FARM PRODUCE

The ''All items less farm produce'' or Core inflation, which excludes the prices of volatile agricultural produce stood at 11.14 percent in October 2020, up by 0.56 percent when compared with 10.58 percent recorded in September 2020.

On a month-on-month basis, the core sub-index increased by 1.25 percent in October 2020. This was up by

0.31 percent when compared with 0.94 percent recorded in September 2020.

The highest increases were recorded in prices of Passenger transport by air, Hospital and Medical Services,  Passenger transport by road, Pharmaceutical products, Motor cars, Vehicle spare parts, maintenance and repair of personal transport equipment, Hairdressing salons and personal grooming establishments,  Miscellaneous services relating to the dwelling, Paramedical services and shoes and other footwear.

The average 12-month annual rate of change of the index was 9.96 percent for the twelve-month period ending October 2020 representing is 0.19 percent points higher than 9.77 percent recorded in September  2020.

STATE PROFILES

In analysing price movements under this section, note that the CPI is weighted by consumption expenditure patterns which differ across states. Accordingly, the weight assigned to a particular food or non-food item may differ from state to state making interstate comparisons of consumption basket inadvisable and potentially misleading.

All Items Inflation

In October 2020, all items inflation on year on year basis was highest in Zamfara (17.69%), Sokoto  (16.99%) and Ebonyi (16.91%), while Lagos (11.96%), Abuja (11.84%) and Cross River (10.50%) recorded the slowest rise in headline Year on Year inflation.

On month on month basis, however, October 2020 all items inflation was highest in Sokoto (2.91%), Edo  (2.53%) and Akwa Ibom (2.52%), while Oyo (0.69%), Taraba (0.60%) and Jigawa (0.37%) recorded the slowest rise in headline month on month inflation.

Food Inflation

In October 2020, food inflation on a year on year basis was highest in Edo (21.65%), Zamfara (20.88%) and  Kogi (20.58%), while Lagos (14.57%), Ogun (14.47%) and Ondo (14.23%) recorded the slowest rise.

On month on month basis, however, October 2020 food inflation was highest in Kwara (3.88%), Edo  (3.81%) and Sokoto (3.65%), while Oyo (0.57%) and Jigawa (0.54%) and Taraba (0.29%) recorded the slowest rise on a month on month inflation.

SOURCE: https://brandspurng.com/2020/11/16/nigeria-october-2020-inflation-rate-rises-to-14-23-as-food-inflation-jumps-to-17-38/