Skip to main content

Posts

Showing posts with the label store of value

4 Plans To Start Today To Stabilize Your Finances Against Inflation

  Imagine going to the market with N10,000.00 to shop for soup items, only to come away feeling scammed. Because you could buy half the items on your list.   This is the challenge many Nigerians are facing everyday because of inflation. Nigeria’s annual inflation rate climbed to 15.7% in February of 2022 from 15.6% in the prior month. The spike in the price of petroleum products is the main driver of this inflationary trend.   The consequence of this - fuel price spike and fuel shortage - is higher (15.1%) transport costs. This in turn causes an increase( 1.6% )in the cost of goods and services. The Consumer Price Index rose from 417.6 - 424.40 between January to February 2022     If you are a family breadwinner, a single mother or solopreneur, answer this.  How do you stop raging inflation from running away with your hard earned income?   For today, nothing.   The Nigerian economy is already experiencing inflation and you are neck deep...