Some Nigerians on Twitter have decried the increase in prices of goods and services.
Inflation measures the rate at which the prices of goods and services increase over a period of time.
The consumer price index which measures inflation rose by 0.40 percentage points between July and August 2020 on a year-on-year basis; the highest increase recorded since October 2016.
According to the August CPI/inflation report released by the National Bureau of Statistics (NBS), the rate of food inflation rose by 16 percent in August compared to 15.48 percent in July 2020.
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On Tuesday, Tolulope Olorundero, a public relations and communications consultant, took to her Twitter account to narrate her experience.
She described her encounter as shocking, saying the price of Quaker Oats refill went from N650 to N1,300 and increased again to N1,700.
“If you have not been to the market in a while, you are in for a shocker! I mean, Quaker Oats refill went from N650 to N1,300 to N1,700!!! My expression throughout as I shopped today. Have you shopped recently? Share an emoji to show what your experience was like,” the tweet read.
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If you have not been to the market in a while, you are in for a shocker!
I mean, Quaker Oats refill went from N650 to N1,300 to N1,700!!!
My expression throughout as I shopped today 😩😣😮😲🤯
Have you shopped recently? Share an emoji to show what your experience was like.
Advertisement— Tolulope Olorundero (@Tolucomms) September 19, 2020
Other people began to share their experiences with purchasing goods and services in recent time.
Onuoha Godswill wrote: “Two weeks ago, N1,000 gave me 31.4 units of electricity, today the same N1,000 gave me just 16.2 units. I asked madam is this an error? Madam replied “ask Gen.Bubu”. Two months ago, Checkers Custard sold for N1,650, today it’s N2,550,” he wrote.
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Celine Amarachi, another user, said she got angry over the increasing price of rice.
“I went to buy Half bag of rice today, they said it’s 32k for a full bag, N31k with Abeg oo. The same rice I priced on Saturday and it’s 28k and told the woman that I will return today. E weak me. I was so angry ehn,” she wrote.
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Bro, now 15.93 units for 1k on my end as at Friday. And it vanishes in 5 days or less.
— Olufemi Ogunjobi (@oluogunjobi) September 20, 2020
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I went to buy Half bag of rice today, they said it's 32k for full bag, 31k with Abeg oo.
The same rice I priced on Saturday and it's 28k and told the woman that I will return today. E weak me.
I was so angry ehh.Advertisement— Heavenly~Céline (@celine_amarachi) September 19, 2020
The increments were done arbitrarily in my opinion, some unscrupulous elements are jst trying take advantage of the terrible economic state we found ourselves.
— Phoenix (@Aboki_Az) September 19, 2020
Had this conversation with my sister earlier. If middle income earners are struggling, I wonder how the actual poor people are coping these days
— Hey Sugar (@HeartOfGoId_) September 19, 2020
I asked my husband to buy among other things, Extract Soap. I buy in bulk, so it's been a while since I bought. At the beginning of this year, it was #350 each.
Usave sold it to this man at #800 each and he bought it and came back to this house! 😣😣😣— Scholarstical (@ScholarsticalCI) September 19, 2020
"be looking" is actually not the solution because, the more we "be looking" the less likely govt will make moves to tackle the problem.
They can afford to let us chast inflation because they know we will "be looking".
— Yemi Web Master (@ScarTissue101) September 19, 2020
I bought bread and other things on Friday. Kept staring at my receipt with open mouth
— Spike (@digispikex) September 19, 2020
I agree with someone who said what we consume in Nigeria is not food but money. 50k is practically not enough to feed and pay bills anymore. Nigeria which way🤷🏾
— Omonogun Chris (@OmonogunChris) September 19, 2020
I dont buy soap again ooo, as there is now increase in everything. I go to ojota and buy soap materials which i make in my house and it last me for months ooo. The ingredients is just 2500 and they will even teach u how to make it dere.
— Lopemi (@Lopemi8) September 20, 2020
A crate of egg is still #850 in Jos
And grand cereal feed is almost #4,000 per bagGod help us in this country 😟☹️
— Farie (@Funmi_Farie) September 19, 2020
https://twitter.com/TheIheakachi/status/1307589141140582400
(2) .. It wasnt until later that evening while perusing the receipt I saw the whooping N1,700! I thought the cashier scammed me, and I been saving the receipt to go "fight" the next time I go shopping at that supermarket. 😂
— HoneyBooBoo (@ladypi_) September 20, 2020
Hmn…nkan nbe o. May God save us.
— Dynamic (@eoadeniji) September 19, 2020
Building materials went up, steptiles moved from 1550 to 1950, 12mm rod moved from 1950 to 2650, casement windows moved from 25k to 35k, Sai baba na all of us deh buy food cost, as e pain me na so e pain u.
— THE COMMODORE'S PETHUB (@THECOMMODORE83) September 20, 2020
Went to market, they said 2600… I said never, I refused to buy. But I needed it, so I went the following day, they said 2800… I couldn’t hold the vex… mo para ni. But ended up buying it before I hear 3500 again 😡
— Foluke. (@FoluwakeRN) September 21, 2020
I bought Good Morning Cornflakes today for N800 😭
— Tolulope Olorundero (@Tolucomms) September 19, 2020
The situation is beyond words. Afi suuru🤔
— Modupeoreoluwa. #SARSMUSTGO (@adeore_) September 19, 2020
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