Of course, being in a 'wealthy' country, we have living standards that are different than countries that are not as affluent as we are; In comparison, we are not suffering even if we are pushing 7-14% inflation - real-world inflation.

That's true @esecholo, you guys in the US are in a safe haven. This is simply because your economic system is working and your leaders are accountable to you guys. In Nigeria, the case is different, our leaders embezzle funds meant for developmental purposes for their selfish gains. When inflation arises like they're right now, we tend to suffer more than others in high income countries.

Thanks for sharing your thoughts on inflation.