Showing posts with label CPI. Show all posts
Showing posts with label CPI. Show all posts

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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