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Oluwafemi Awodele
2 weeks ago
Overview
₦100k In 2025 Cannot Buy What ₦8k Could Buy In 2006
LET'S MAKE SENSE OF THIS
Jan 2006 CPI = 67.4
Dec 2024 CPI* = 867.8
CPI means Consumer Price Index
Inflation rate between 2006 & 2024 is 1,187%
What is the purchasing power of ₦8,000 in 2006 today in 2024 [*before Rebasing inflation] = ₦102,939
This means ₦100,000 in your pocket today cannot buy what ₦8,000 bought in 2006.
source: https://www.nairaland.com/8494156/100k-2025-cannot-buy-what
