Inflation involves the increase in price of goods and services in the market making things unaffordable to the common inflation is one word that has really affected allot of people, looking at the market price of goods and services as been affected rapidly.
Inflation is really affecting the common man as even though those salary earners are complaining as the price of goods continue to improve and skyrocketed high inflation rate is really a Thorn in the flesh of the common man
Mt country Nigeria, is experiencing one of its worst inflation since its history. The prices of things in the market have quadrupled in the past few years. And this is not limited to food items, even real estate prices have gone up. What is worse is that the income of Ngerians remains them same. Infact, the mimimum wage is about $40 has difficult for the state government to implement because they are saying they can affordable to pay civil servants that. Currently there is no middle class anymore, inflation has deleted that. What we have now are only the lower class and upper class. But do you know those who don't feel this inflation, those who are business people. As the prices of things go up, they will simply add it to the cost of their goods and services, it is the consumer that bears the burden not them. And consumers have no option than to patronise them if they want to continue to survive or manage.