Tuesday, August 16, 2016

Inflation rate in Nigeria

...averaged 12.15 percent from 1996 until 2016
Here is a more detailed story from the last five years:


and over a longer range:
Source: tradingeconomics.com



Public sentiment is more negative than the 20-year chart might suggest.  Tired of high prices, the tumbling exchange rate, unpaid salaries, and layoffs, the people are repenting from their fervent support of the 'change' candidate. #BuhaRegret

That said, considering the 5-year chart, one might say that the people have grown accustomed to single-digit inflation and have a right to expect a smoother ride than this, financially/economically.  Why can't we build on our success? 

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