Is There an End to Inflation? Why Prices Stay High Even When Costs Go Down.

Sometimes I imagine why people complain about the high price of goods, but they are the ones causing most of these problems we face. What I mean, is that we, as humans, contribute to the success of inflation by allowing the high price of each commodity and then embracing the price change because we feel we can get more in return. This is on both sides, and it's two-way traffic. When prices go up, you earn more for those who have invested; they are getting money from it.

But come to think of it, those that sell the market also buy from somewhere, and when the price keeps increasing, it becomes hard for those that even sell to buy because the price range will also affect their market. What brings me to this matter I am sharing? I was in a store asking for a product that I have been willing to buy all these years, but I was not financially capable of getting it, so I just decided that if I went to the store and asked for the actual price, then I would be able to plan against it.

When I got to the store, I met the store manager, to whom I explained what I needed to, and he told me the actual price. After that, I asked that why the price suddenly moved high, and the answer he gave me was because of the increase in the dollar to the price of naira. Immediately, I told him that the price of dollars to naira had dropped. The price of commodities was supposed to change, but in the system, it can't change because they don't want to run at a loss.

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But I told him that if the price of dollars to naira increases, the price of their commodity will also increase, and he said yes. I was very disappointed, and I felt like, Why would that happen? But when the price of dollars to naira drops, the price of their commodities doesn't change. It is never an easy duty on the side of the consumers or the customers patronizing an enterprise because most people work for the money they spend, and no one will want to get little things at a high price tag.

The issue of inflation is drastically draining the economies of most countries, and I feel this is not only affected by Nigeria alone. The reason this has been a strong hold in the economy is because there are some loop ends that are meant to be closed, but that is between the people in governance, which I am not driving into now. On the part of those selling or those that have enterprise also, it's not easy to cope with, which I truly understand that most of them don't want to run at a loss because it is not easy when you buy goods at a high price and want to sell them at a low price.

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That will be a big loss on the side of the seller, but I feel it's just a normal thing, which is why we have to apply some strategy before investing too much money into buying some commodities, especially when inflation is at hand. How do you feel when you want to buy something, and you get to the place you are supposed to buy it today, and it is called a price for you, and you go there the next day or a day later, and you see that the price is changing with a massive increase? One would have no choice but to buy it the way it is. I just hope the economy gets better soon because it's draining finances too.

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