Inflation Spike in Nigeria: Yesterday's price is not Today's price

in LeoFinance7 months ago

In a country where the government and greedy leaders do not care about its citizens if they are starving or not. The sad thing is these are the same people whom this current government official and leaders promised everything like good roads, water, electricity, a good economy, a lot of jobs, and job opportunities when they were campaigning and running for office. Now, they have been voted into power, and they have gone back on all the promises they made to the people instead they are the ones killing the country and the country's economy because of their greed.

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So due to the bad economy of our country and the high rise of inflation affecting the price of everything you can think of, goods and services, fuel price going sky high, electricity bills unit charge going off the proof, taxes here and there, unnecessary bank charges and many more. The Anthem of every trader or business person is Yesterday's price is not Today's price, especially when the value of the dollar against the naira keeps increasing on a daily, weekly, or monthly basis, falsing the people to increase the price their goods and services at random, who could buy something or a product for $5 today and come back tomorrow to buy that same thing for $8 - $10 or even more.

The worst part is when you buy a product for let's say $5 in the morning and maybe you like that product so much or someone says you should get the same product for them in the afternoon or evening time and the value of that product is now $6 or $7. Now, you have the choice of buying at that price or negotiating down the price a bit, or coming back the next day to meet a totally different price.

As I said Yesterday's price is not Today's price.

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