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Nigeria's Inflation Rate Stands At 20.52%, Highest In 17 Years - Politics (2) - Nairaland

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Re: Nigeria's Inflation Rate Stands At 20.52%, Highest In 17 Years by inoki247: 8:14pm On Sep 15, 2022
ok
Re: Nigeria's Inflation Rate Stands At 20.52%, Highest In 17 Years by gambojimeta: 8:14pm On Sep 15, 2022
Oh boy. That's massive.
Re: Nigeria's Inflation Rate Stands At 20.52%, Highest In 17 Years by TimmyTen(m): 8:14pm On Sep 15, 2022
Thanks for Buhari and the evil party

1 Like

Re: Nigeria's Inflation Rate Stands At 20.52%, Highest In 17 Years by Godstiger(m): 8:15pm On Sep 15, 2022
Sai baba
Re: Nigeria's Inflation Rate Stands At 20.52%, Highest In 17 Years by ovie8200: 8:15pm On Sep 15, 2022
Empty skull
Re: Nigeria's Inflation Rate Stands At 20.52%, Highest In 17 Years by SpecialAdviser(m): 8:15pm On Sep 15, 2022
SHAME people are campaigning for APC

1 Like

Re: Nigeria's Inflation Rate Stands At 20.52%, Highest In 17 Years by Thesaint141(m): 8:15pm On Sep 15, 2022
NwaNimo1:
[img]https://giffiles./217/217063.gif[/img]

Baba say something.
Re: Nigeria's Inflation Rate Stands At 20.52%, Highest In 17 Years by Mummyfour(f): 8:17pm On Sep 15, 2022
Wow!! Indeed buhari and his cartel are doing extremely well.

See record breaking!.
And Emilokan has promised to continue from where Buhari stops!.

Wonderful people.
APC !, your urchins really love and appreciate your efforts

1 Like

Re: Nigeria's Inflation Rate Stands At 20.52%, Highest In 17 Years by rusher14: 8:18pm On Sep 15, 2022

1 Like 1 Share

Re: Nigeria's Inflation Rate Stands At 20.52%, Highest In 17 Years by Obidient1: 8:18pm On Sep 15, 2022
We are finished
Re: Nigeria's Inflation Rate Stands At 20.52%, Highest In 17 Years by Karlman: 8:18pm On Sep 15, 2022
Fuckkk Buhari!
Fuckkk Tinubu who brought him!
And if you're down with this two...
Fuckkk you too!

5 Likes 1 Share

Re: Nigeria's Inflation Rate Stands At 20.52%, Highest In 17 Years by nakaman: 8:25pm On Sep 15, 2022
FreeStuffsNG:
I know interpreting this is too difficult to understand for the lazy youth who idles away on the social media 24/7 from January to december to make a career in jesting and entertainment, this inflation is not caused by the Federal Govt and if you can just quit your idleness and live a productive lifesfyle, this temporary high inflation locally and globally can be a blessing for you to earn more.

The basket does not have all the goods and services in the country and some of the composite items like energy-related costs, school needs etc maybe temporary price increases

What is your point exactly

3 Likes

Re: Nigeria's Inflation Rate Stands At 20.52%, Highest In 17 Years by OLOKOESHIN: 8:33pm On Sep 15, 2022
ATLIEN2027:
Compared to other countries, 20 percent is bad but could have been worse. Some countries even have it worse than Nigeria right now.
It's a Global crisis right now. Even here in the US, inflation is killing with price increase from food, Gas, housing, cars and even bills.
Imagine GA power charging people way more for electricity because of inflation.

Top 10 Countries with the Highest Inflation Rates (Trading Economics Jan 2022)
Venezuela — 1198.0%
Sudan — 340.0%
Lebanon — 201.0%
Syria — 139.0%
Suriname — 63.3%
Zimbabwe — 60.7%
Argentina — 51.2%
Turkey — 36.1%
Iran — 35.2%
Ethiopia — 33.0%

https://worldpopulationreview.com/country-rankings/inflation-rate-by-country

https://www.yahoo.com/now/bad-inflation-different-countries-around-090000683.html
This inflations stuff is almost occuring in every where of the world...I watched Aljazeera business news this noon

2 Likes 2 Shares

Re: Nigeria's Inflation Rate Stands At 20.52%, Highest In 17 Years by Omooba77: 8:34pm On Sep 15, 2022
Re: Nigeria's Inflation Rate Stands At 20.52%, Highest In 17 Years by TheRealestGuy(m): 8:37pm On Sep 15, 2022
ATLIEN2027:
Compared to other countries, 20 percent is bad but could have been worse. Some countries even have it worse than Nigeria right now.
It's a Global crisis right now. Even here in the US, inflation is killing with price increase from food, Gas, housing, cars and even bills.
Imagine GA power charging people way more for electricity because of inflation.

Top 10 Countries with the Highest Inflation Rates (Trading Economics Jan 2022)
Venezuela — 1198.0%
Sudan — 340.0%
Lebanon — 201.0%
Syria — 139.0%
Suriname — 63.3%
Zimbabwe — 60.7%
Argentina — 51.2%
Turkey — 36.1%
Iran — 35.2%
Ethiopia — 33.0%

https://worldpopulationreview.com/country-rankings/inflation-rate-by-country

https://www.yahoo.com/now/bad-inflation-different-countries-around-090000683.html

At least most of those countries have stable electricity, lower poverty and unemployment rates than Nigeria.

Also, why not compare to countries we aspire to be like?

What a dead comparison!

7 Likes 2 Shares

Re: Nigeria's Inflation Rate Stands At 20.52%, Highest In 17 Years by RepoMan007: 8:37pm On Sep 15, 2022
FreeStuffsNG:
I know interpreting this is too difficult to understand for the lazy youth who idles away on the social media 24/7 from January to december to make a career in jesting and entertainment, this inflation is not caused by the Federal Govt and if you can just quit your idleness and live a productive lifesfyle, this temporary high inflation locally and globally can be a blessing for you to earn more.

The basket does not have all the goods and services in the country and some of the composite items like energy-related costs, school needs etc maybe temporary price increases
You described yourself. You want me to go and farm for cows right? Or you want me to generate 10 mw of power? Nonsense!

2 Likes

Re: Nigeria's Inflation Rate Stands At 20.52%, Highest In 17 Years by wittychap1: 8:39pm On Sep 15, 2022
Let beat inflation together. Please chat me up and let's discuss.

Re: Nigeria's Inflation Rate Stands At 20.52%, Highest In 17 Years by ATLIEN2027: 8:40pm On Sep 15, 2022
TheRealestGuy:


At least most of those countries have stable electricity, lower poverty and unemployment rates than Nigeria.

Also, why not compare to countries we aspire to be like?

What a dead comparison!

The United Kingdom
Inflation in the United Kingdom hit a 40-year high in May, rising at a 9.1% annual rate. The country is now facing a cost of living crisis, with food prices soaring at an 8.7% annual rate in May and energy bills skyrocketing as much as 50% in April.

The Bank of England said in June that it now expects inflation to peak at 11% this year before coming down in 2023. The central bank has raised its key interest rate from near zero to 1.25% since the late last year in hopes of cooling rising prices.

Eurozone
Euro area annual inflation is expected to rise at an 8.6% annual rate in June, up from 8.1% in May, according to Eurostat, the statistical office of the E.U.

Europeans are in the midst of an ongoing energy crisis sparked by the war in Ukraine and subsequent Western sanctions against Russia. Energy prices soared 39.2% from a year ago in May, as the E.U. continues to try and wean itself off a reliance on Russian oil and natural gas. Food, alcohol, and tobacco prices also jumped 7.5% year-over-year in May.

European Central Bank President Christine Lagarde wrote in a late May blog post that the Euro area will consider rate increases, exiting “negative interest rates by the end of the third quarter” in an attempt to slow inflation.

South Korea
In June, South Korean inflation hit a 24 year high, rising at a 6% annual rate. South Koreans are facing broad-based price increases, but energy costs are rising the most. Petroleum product prices jumped 39.6% year-over-year last month, official data revealed on Tuesday.

The Bank of Korea has raised its key interest rate five times since last August, pushing it to 1.75%, and Governor Rhee Chang-yong said this week that another rate increase could be in the cards if inflation continues to be an issue.

Ethiopia
In May, inflation in Ethiopia soared to a 37% annual rate, with food inflation rising 38% over the same period. The consequences of inflation in Ethiopia have been devastating, pushing the country into a humanitarian crisis, according to the U.N.

On top of that, deadly clashes between the militant groups, including the Oromo Liberation Army (OLA), and the Ethiopian government have left hundreds dead, and made the economic situation even worse.

Japan
Inflation in Japan hasn’t historically been an issue, in fact, for years the country was more concerned with low growth and deflation. From 2010 to 2020, inflation in Japan has averaged roughly 0.42%.

In May, however, the country saw its annual inflation rate jump to 2.5%, slightly above its central bank’s target of 2%. [AKA, it might not seem like much, but it’s a lot for this country?]

While other central banks have been raising interest rates to combat inflation, The Bank of Japan has kept short-term rates at -0.1%, the loose monetary policy has led the country’s currency to depreciate to a 24-year low against the U.S. dollar since March.

Israel
Israel’s annual inflation rate touched an 11-year high of 4.1% in May, topping the government’s 1% to 3% target range. The country’s central bank lifted its key interest rate from 0.75% to 1.25% on July 4 in an effort to cool rising housing, food, and fuel prices, but, as officials noted in May, inflation in Israel remains “significantly lower than in most advanced economies.”

Israel’s economy is expected to grow 4.9% in 2022, even amid the war in Ukraine and COVID-19 lockdowns in China which have led to rising inflationary pressure.

1 Like 1 Share

Re: Nigeria's Inflation Rate Stands At 20.52%, Highest In 17 Years by Angelfrost(m): 8:41pm On Sep 15, 2022
FreeStuffsNG:
I know interpreting this is too difficult to understand for the lazy youth who idles away on the social media 24/7 from January to december to make a career in jesting and entertainment, this inflation is not caused by the Federal Govt and if you can just quit your idleness and live a productive lifesfyle, this temporary high inflation locally and globally can be a blessing for you to earn more.

The basket does not have all the goods and services in the country and some of the composite items like energy-related costs, school needs etc maybe temporary price increases

Just stop!!!... This is not necessary!
Re: Nigeria's Inflation Rate Stands At 20.52%, Highest In 17 Years by babyfaceafrica: 8:42pm On Sep 15, 2022
Noted, next!
Re: Nigeria's Inflation Rate Stands At 20.52%, Highest In 17 Years by Elidrisy20: 8:48pm On Sep 15, 2022
Thanks to ajala
Re: Nigeria's Inflation Rate Stands At 20.52%, Highest In 17 Years by Selfmotivated: 8:49pm On Sep 15, 2022
oshozondii:


https://twitter.com/Broadstreet_Fin/status/1570390828803137539?s=19
Living in Nigeria is hell on earth, the so called clueless government is busy chasing clouts and avarice, may Jah give us the grace to be victor
Re: Nigeria's Inflation Rate Stands At 20.52%, Highest In 17 Years by MALLEOLUS2017(m): 8:54pm On Sep 15, 2022
All thanks to Buhari embarassed
Re: Nigeria's Inflation Rate Stands At 20.52%, Highest In 17 Years by Goodoldays(m): 8:58pm On Sep 15, 2022
Na From the bottom to the underworld if Bat enter Aso Rock
Re: Nigeria's Inflation Rate Stands At 20.52%, Highest In 17 Years by Babachukwu: 8:58pm On Sep 15, 2022
Sai Baba
Re: Nigeria's Inflation Rate Stands At 20.52%, Highest In 17 Years by Lightorder: 9:00pm On Sep 15, 2022
Vote APC for continuity
Re: Nigeria's Inflation Rate Stands At 20.52%, Highest In 17 Years by naijapikin2(m): 9:00pm On Sep 15, 2022
Apc is a failed party. Shikenan.
Re: Nigeria's Inflation Rate Stands At 20.52%, Highest In 17 Years by Poleski: 9:08pm On Sep 15, 2022
The abysmally incompetent Buhari will completely kill Nigeria before leaving office.
Re: Nigeria's Inflation Rate Stands At 20.52%, Highest In 17 Years by Holuwaxheun(m): 9:13pm On Sep 15, 2022
ATLIEN2027:
Compared to other countries, 20 percent is bad but could have been worse. Some countries even have it worse than Nigeria right now.
It's a Global crisis right now. Even here in the US, inflation is killing with price increase from food, Gas, housing, cars and even bills.
Imagine GA power charging people way more for electricity because of inflation.

Top 10 Countries with the Highest Inflation Rates (Trading Economics Jan 2022)
Venezuela — 1198.0%
Sudan — 340.0%
Lebanon — 201.0%
Syria — 139.0%
Suriname — 63.3%
Zimbabwe — 60.7%
Argentina — 51.2%
Turkey — 36.1%
Iran — 35.2%
Ethiopia — 33.0%

https://worldpopulationreview.com/country-rankings/inflation-rate-by-country

https://www.yahoo.com/now/bad-inflation-different-countries-around-090000683.html

You are right. But you know, there is something about failure - it finds excuses to make itself feels better. If an individual performs woefully in an exam and he feels relieved because he was not the only one that failed, does that make him better than the others that failed? What about the people that did excellently well?

I crave your indulgence, please, let us stop making excuses for failures. What about the countries that are still doing well despite the general inflation hike. You should be more concerned with the marginal change/spike in Nigeria inflation rate when compared to other statistical periods.

Thanks boss

4 Likes

Re: Nigeria's Inflation Rate Stands At 20.52%, Highest In 17 Years by oluwabunmi61010: 9:18pm On Sep 15, 2022
Dear Almighty God, please help us. Save our country!Dear Almighty God, please help us. Save our country!...
Re: Nigeria's Inflation Rate Stands At 20.52%, Highest In 17 Years by Meliziz: 9:20pm On Sep 15, 2022
That percentage is just English to me. Right now everything is unaffordable. People are actually suffering. No salary increase from fed, state local, govt nor from respective sme owners yet spaghetti went from 250 to 300 to 350 to 400 now to 500!! People that have kids like four or five won't even tell you what they're passing through! Whatever policy you people are doing in that una abuja should be reversed! Yes the pandemic affected things but other countries created so incentives for its citizens. Govt is making everything harder. Tueh!

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