For the past 5 years, Nigeria’s inflation rate has been on an upward trend, which has been triggered by a global pandemic, supply-chain disruptions, and the war in Ukraine, contributing to a rapid rise in the cost of fuel, food, and a broad range of goods. Nigeria has been experiencing a double-digit inflation rate since the 1980s.

Inflation rates are most often measured by the consumer price index, or CPI, which is calculated based on a total “basket” of goods and services bought by all consumers in a national economy. However, these inflation rates may not necessarily represent the impact that inflation has..........

https://ratecaptain.com/inflation-why-you-need-to-know-your-personal-inflation-rate/

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