Brand Spur Issue 5 | Page 10

Main Economic Indicators
Inflation: Naira is losing value
Croaker Fish (Carton)

Garri (paint bucket)

Gala Sausage

2015:₦18,000 –– 2016:₦22,000

2015:₦550 –– 2016:₦800

2015:₦50 –– 2016:₦70

+45%

+22%

+40%

Air Conditioner – 1.5HP

Gas Cylinder refill

Refrigerator

2015:₦65,000 –– 2016:₦127,000

2015:₦3,500 –– 2016:₦3,800

2015:₦90,000 –– 2016:₦109,000

+95%

+9%

+21%

Toyota Corolla (1.6L)

Mobile Phone (Samsung JS)

Flight Ticket (Lagos to PH)

2015:₦5.9mn –– 2016:₦14.7mn

2015:₦55,000 –– 2016:₦72,000

2015:₦15,000 –– 2016:₦24,000

+148%

Sources: Local markets survey

+31%

+60%

YUSUF AYOKUNLE GTBANK PLC