Inflation is becoming a problem in Nigeria!

Greetings, lovers of hive learners. Welcome to another edition of the week.

Source

Inflation is going viral because of the high exorbitant of things, in terms of foodstuff, fuel, and other materials things that have to do with money.

Inflation will continue because the Government is trying to infuse cash into their economics to help be at a normal level, as it would help the inflation go down a bit.

If this is not infused, people will still complain of inflation pangs. This has cost people not to buy and sell, even buy to consume. People are managing life, things are not going well with some families because of high prices of food or products.

During that cashless policy period, many people died because of hunger, they couldn't avoid what they will eat for a mean time.

Another news I heard is that the Government of the United States are spending money to help their economies recover their pre-pandemic mojo that they went through. Inflation has a way of depreciating. So, has the world is changing, we should also change.

Inflation is of important to some people, giving an advantage to some people to be creative in their business.

High rate of transportation:

Now, let's look inward. In Nigeria, transportation has affected buying and selling of goods in the market.

Demand-pull:

This is when more buyers want a product than the seller has available in the store.

Fuel subsidy:

I have witnessed this one with my optical eyes. I have gone several times to buy fuel for my dad. The first day I went, I was like, is this for real? I am in the world, but I don't know what is going on. There was a day, driver's and business people were looking for fuel to buy, fortunate for them, two filling stations were open, but the queue was much, because of this, people stayed indoors.
Inflation is of good and also of bad for some people.

poverty:

Poverty could contribute to the inflation in Nigeria. This occurs when a seller could not cater for his or her family, he then increases the price of his goods to a high rate. This is one of the things that causes inflation in our country.

Let me delve into foodstuff:

Please let me ask, how much is rice sold in now in your place? It is #250, #300, #350 in a cup. Ten, five years ago, it wasn't like this. How about a cup of Bean, #200 now?

Into wearings:

How is cover shoes sold, from #5000, to #12,000? The one I'm using now I bought at #7,000, this trending cover shoes.

Dress:

Dresses are so costly and the major materials for sewing are costly as well.

Many things that could serve as purpose to mankind are costlier than I can ever thing.

This post is in response to hive learners initiative contest week 61 editions 2

Thank you for reading.

I love, I care, and I forgive.

I remain @peckypeace.