The high cost o food stuffs occasioned by the rumoured increase in fuel pump price bites hard on Port-Harcourt residents.
Before the assumed increase in fuel pump price, prices of goods and food items had started going up even though the expectations of fuel increase crashed.
Information gathered within Port Harcourt City revealed that a steady increase of essential commodities has brought an untold economic hardship to Port-Harcourt residents.
In Port-Harcourt now, a small loaf of bread that was sold for N100 is now N120. Biscuit that used to be sold for N100 is now N150 and above. Meat, fish are almost a contraband and N3,000 meat cannot make a better pot of soup for a family. An economic sachet of power oil is sold for N80. Garri, rice, beans e.t.c are on steady increase.
Mr Chukwudi who sells at Sangana Market said that they (traders) would go to Market to buy but would not see anything to buy, adding that big time business men hoard the product for future rise in prices of such items.
According to him, many companies had wind up because of high cost of raw materials and some others companies have gone under due their inability to face the stiff competitive Market.
John Wodi, a consumer said that it is quiet unfortunate that before now, people were bitterly complaining of hardship as a result of high cost of living because there is steady increase in the prices of goods maintaining that the matter has become worst with attendant economic hardship.
