November 2016 inflation still trending up to 18.48%
The effect is a destruction of value in all fixed income earning or paying instruments.
So Salaries, Annuities, Pensions even Bonds all suffer in an environment where inflation has trended up month by month….
Household savings are slowly being wiped off, wages are stagnant and cost of essentials like petrol, rent and food are going up.
Tough….
(infographic: Nigerian Bureau of Statistics)
