External link to Modelling the Inflation Process in Nigeria

Modelling the Inflation Process in Nigeria

MODELLING THE INFLATION PROCESS IN NIGERIA 2. Nigeria’s inflation experience Nigeria has experienced all manner of inflationary episodes – from creeping to moderate and from high to galloping (see Table 1 and Figure 1). Average inflation during the period 1960–1972 was relatively low, the historical average rate being 5. 01%. When assessed on an annual basis, however, rising prices became a cause for concern for […]

External link to Current U.S. Inflation Rate

Current U.S. Inflation Rate

Inflation is one of the concepts in economics that often gathers attention and concern from the society. Inflation is defined as the overall increase in price levels which in turn, affects the buying power of the public. This happens when the prices of commodity increases, the value and buying power of money decreases as an effect. As such, inflation is also equated to the decline […]

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