When we are talking about the reasons for economy Inflation and how it has impacted the masses means of survival,it's something that should be a call for concern. Out of the problems we have in this world, I think inflation should be one of the economy scenerio that should be taking the leading role.
Economy inflation becomes worst in a country where mixed economy or capitalism are being practiced. Here in Nigeria, we practice mixed economy; there are some goods and services that are being taking care of by the government and while private individuals are taking care of some of goods and services.
Is inflation truly an economy scenerio or just economy greed?
I don't know how it works here but this is how market inflation works in my own country (Nigeria). Most of the goods uses here in here Nigeria are mostly imported and when you talk about importation here in Nigeria, you are definitely talking about Dollar. Those that claim to import goods into Nigeria buy their goods in Dollar. So definitely, they will be selling their goods according to Dollar volatility to naira which is Nigeria currency.
When these sellers buy goods in any inflated Dollar price or hike, definitely the price of that particular good will be increased including the good in the old stock. They sell at high prices but when Dollar drops, the price of goods in the old stock won't reduced, though won't increase but remains stagnant. Sometimes it's not always that inflation is always inflated but it's people who are economically greedy that seems to take advantage of getting super rich in the name of general market inflation.
Please note that, this isn't a cryptocurrency, financial or business advice,it's just an opinion. If you need a cryptocurrency, financial or business advice, consult a cryptocurrency or financial experts. Thank you.
