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Picture Graph - Inflation - Nig/usa - Petrol/gas Prices - Politics - Nairaland

Nairaland ForumNairaland GeneralPoliticsPicture Graph - Inflation - Nig/usa - Petrol/gas Prices (966 Views)

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Picture Graph - Inflation - Nig/usa - Petrol/gas Prices by VaselineCrew(op): 5:05pm On Feb 09, 2024
When people say inflation is everywhere, I agree, but Nigeria's inflation is something else.

The first graph below shows gas prices over a decade in L.A, USA. Notice that though there are spikes, they are still relatively smooth over a long period of time.

Compare that to the huuuge instantaneous spike in Nig petrol price and the accompanying spike in some commodities across the country.

Re: Picture Graph - Inflation - Nig/usa - Petrol/gas Prices by MrProlific95: 5:07pm On Feb 09, 2024
Apc is a gang of demonic cultists
Re: Picture Graph - Inflation - Nig/usa - Petrol/gas Prices by Hez143(m): 5:11pm On Feb 09, 2024
calculate the us price change in %,I want to see something
Re: Picture Graph - Inflation - Nig/usa - Petrol/gas Prices by Bobloco: 5:13pm On Feb 09, 2024
Tinubu brought upon this country the great Tinubulation
Re: Picture Graph - Inflation - Nig/usa - Petrol/gas Prices by sirchim(m): 7:03pm On Feb 09, 2024
Very very useless govt. and evil Party with nothing to offer. You worked against GEJ, but thought you will succeed, isn't that MADNESS?
Re: Picture Graph - Inflation - Nig/usa - Petrol/gas Prices by Lastmessenger2: 7:10pm On Feb 09, 2024
The worshippers of Allah are in charge hence chaos and disorder
Re: Picture Graph - Inflation - Nig/usa - Petrol/gas Prices by VaselineCrew(op): 1:49am On Feb 10, 2024
Hez143:
calculate the us price change in %,I want to see something
Still don't think there would be a large instantaneous jump, like a 24 hour jump of more than 100%
Re: Picture Graph - Inflation - Nig/usa - Petrol/gas Prices by Hez143(m): 7:48am On Feb 10, 2024
VaselineCrew:
Still don't think there would be a large instantaneous jump, like a 24 hour jump of more than 100%
you get my point there,but I think the comparison is rather unfair
Re: Picture Graph - Inflation - Nig/usa - Petrol/gas Prices by REDshouse(m): 7:56am On Feb 10, 2024
VaselineCrew:
Still don't think there would be a large instantaneous jump, like a 24 hour jump of more than 100%
that was the point a major decision was made in the oil sector i.e fuel subsidy was removed ... What you should have done is to compare us with economy that removes subsidy from fuel.... I.e undertook same decision measures Nigeria took and we get the real answer .
Re: Picture Graph - Inflation - Nig/usa - Petrol/gas Prices by RepoMan007: 8:41am On Feb 10, 2024
Our case is different and unique in Africa.
Re: Picture Graph - Inflation - Nig/usa - Petrol/gas Prices by Goodmarlian: 9:49am On Feb 10, 2024
damn this is wicked !
we are truly going through a lot.
Re: Picture Graph - Inflation - Nig/usa - Petrol/gas Prices by Parable007: 7:10am On Feb 11, 2024
How bag of local rice rose from 6k to 61k and everyone is calm is a shocking thing.
And please I want to beg Nigerians this is not the time to fight each other based on party and religion, can we please unity and do something about this monumental failure?
Things are getting out of hands yet some of you are still shouting renewed hope, don't play politics with everything.
Many family men have lost their jobs, many many patients like asthma patients can no longer afford their inhalers let all speak out on voice and stop fight each other. Please[color=#990000][/color]
Re: Picture Graph - Inflation - Nig/usa - Petrol/gas Prices by plumcomm: 7:42am On Feb 11, 2024
REDshouse:
that was the point a major decision was made in the oil sector i.e fuel subsidy was removed ... What you should have done is to compare us with economy that removes subsidy from fuel.... I.e undertook same decision measures Nigeria took and we get the real answer .
abeg leave people that have decided to be foolishly unreasonable.
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