Inflation Hits Nigeria As Prices Skyrocket

Inflation is defined as the increase in price of a commodity. Nigeria is currently experiencing inflation in every area of its economy.

Below are cost of increase in market product

A cow which was sold for 50,000naira is now 1million naira 

A cup of garri which was sold for 20naira is now sold for 200naira

A bag of rice which was sold for 8000 naira is now sold for 58,000naira

A bag of corn which was sold for 15,000naira is now sold for 70,000naiara

A custard of rice which was sold for 800naira is now sold for 6,000

A custard of beans which was sold for 400naira is now sold for 4000naira

A cup of egwusi which was sold for 100 is now sold for 600

A custard of garri which was sold for 500 is now sold for 1800naira

A bag of beans which was sold for 45,000naira is now sold for 90,000naira