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I don't even know the levels of inflation but this is quite helpful. I will check more onlineHere are the levels of inflation;
Hyper inflation
Galloping inflation
Stagnation Creeping inflation
Don't anymore bother, let us enjoy posting here in RIF and enjoy Christmas time. Let us forget about inflation, we are not the right persons to solve it hehehe.I don't even know the levels of inflation but this is quite helpful. I will check more online
HahahaDon't anymore bother, let us enjoy posting here in RIF and enjoy Christmas time. Let us forget about inflation, we are not the right persons to solve it hehehe.
We are not in the government sector, there is an office responsible for that and our contributions to save and spend less to avoid the surging of inflation.Hahaha
You're right about this
We are not in the best position to solve inflation problem. Funny but true
I believe that the government will surely have it's way of solving that problem but they have just chosen to be wickedWe are not in the government sector, there is an office responsible for that and our contributions to save and spend less to avoid the surging of inflation.
Here in my country, we are facing a very heavy inflation. As a matter of fact, the prices of our things have doubled and it is not supposed to be so. People can't even save money anymoreA full explanation of inflation, @Stardom22, has explained inflation by nature, while @Starmix has explained inflation by type, So I'll discuss inflation by severity.
1. Mild inflation below 1% to 9% per year
2. Moderate Inflation 10% to 30% per year
3. Heavy Inflation 31% to 99% per year
4. Very heavy inflation 100% and above.
Why all this thesis? We are not in classroom, how can this help us here? If there is inflation,what you must do to survive it is to make more money. More money that is the solution to inflation.A full explanation of inflation, @Stardom22, has explained inflation by nature, while @Starmix has explained inflation by type, So I'll discuss inflation by severity.
1. Mild inflation below 1% to 9% per year
2. Moderate Inflation 10% to 30% per year
3. Heavy Inflation 31% to 99% per year
4. Very heavy inflation 100% and above.
HahahaWhy all this thesis? We are not in classroom, how can this help us here? If there is inflation,what you must do to survive it is to make more money. More money
I'm sad to hear that, usually very heavy inflation only occurs when there is a war, riots against the government, or natural disasters that are all over a country.Here in my country, we are facing a very heavy inflation. As a matter of fact, the prices of our things have doubled and it is not supposed to be so. People can't even save money anymore
Nigeria used to be better but things are not like it used to be anymore and the present government we have there is not doing anything to help the Citizens about the recession.I'm sad to hear that, usually very heavy inflation only occurs when there is a war, riots against the government, or natural disasters that are all over a country.
Nigeria is in state of war. The number of people that are killed on daily basis is more than the ones killed in Ukraine.I'm sad to hear that, usually very heavy inflation only occurs when there is a war, riots against the government, or natural disasters that are all over a country.
And now that election is approaching we need to be very careful because of the things that happen during election. I hope everyone stays safeNigeria is in state of war. The number of people that are killed on daily basis is more than the ones killed in Ukraine.
And I think the war between Ukraine and Russia has made the level of inflation in other countries because there is no way to countries will be at work and it won't affect their business partnersI don't have sound knowledge about level of inflation but in my country inflation is touching all time high level. Commodities prices touching so much so high as people left some items to buy.