So i would like to know what the standard of living is like in your country now compared to five years ago. Was there any sharp difference in the standard of living pre pandemic and now.
Considerably, there's been a decline in the standard of living in my locale, the price of goods and commodity has increased, very different from what they used to be five years ago. Five years ago, i'm pretty sure no-one expected the price of things to be as high as they are currently in my country Nigeria. A lot of factors have contributed to this and not necessarily only the Russian-Ukraine crisis. There is Corruption, bad leadership, insecurity, and also a case that we are over dependent on our petroleum products, so any global event affecting crude oil market affects us considerably.
Five years ago from our current year will be 2017, consider the cost of these commodities from 2016 till our current year.
These are just the cost of some basic food items, you can agree that the increment and rising standard of living will also reflect on other basic necessities like Clothing and Shelter.
There is no indication that these prices will come down anytime soon.