Saturday 23 January 2016

Phone Prices Increase As Dollar Price Goes Through The Roof

It is a known fact that when the dollar - Naira exchange rate increases, prices of things generally tend to spike.

We are currently experiencing an all time low as the Naira is coming really weak against the US dollar and as is normal, the prices of things have started to increase drastically.For example the domain name for Naijatechs.com which I initially bought for ₦1,750/yr, I got an email earlier this week announcing that it now costs ₦3,000/year.
Products that are imported or bought abroad such as our Mobile phones are usually at forefront of the price increase.

Take Innjoo devices for example;

  • Innjoo Halo which was N13,900 is now N21,260
  • Innjoo One which was N28,000 is now N39,000
  • Innjoo Fire plus which was N27,600 is now N41,400
  • Innjoo Max 2 Plus was N23,500 now N35,030
  • Innjoo Max 2 was N21,500 now N31,840 

                                                              SMH

Infinix devices weren't left out as their prices as their prices also increase;

  • Infinix Hot Note X551(1GB RAM) was N24,000 it is now N29,900
  • Infinix Hot Note X551(2GB RAM) was N27,500 it is now N34,500
  • Infinix Hot 2(1GB RAM) was N18,500 now N21,500
  • Infinix Note 2 X600(1GB RAM) was N30,500 now it is N35,500
  • Infinix Zero 2 was N33,500 now it is N49,500
Other devices also experienced a price increase but i'll stop here.
For people that buy stuffs from foreign stores like Gearbest, how much were you charged per dollar?

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