People will never feel luxurious without driving cars. The type of a car that a person drives provides him or her with the social status in the society.
The former governor of Nairobi county sparked mixed reactions After posting the prices of cars in the most luxurious cars in Kenya in the year 1960.
According to the former governor in 1967 a Mercedes Benz 250SE was going for 38,000 kenya shillings and a volkswagen 1500 was around 16,500 shillings.
Most people who reacted to this post felt that these prices were too low and if it was now, one person can be able to buy the whole car bazaar without straining.
Picture used for illustration purposes.
Despite the prices being as indicated only very few people could afford to buy such a luxurious car.
But what most people do not know is that the exchange rate was also quite different as compared to now. This shows that the level of inflation has been been too high from then.
Today the cost of a Mercedes Benz is 3.5 million shillings meaning that the level of inflation has gone up by hundred times.
Opera News is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of Opera News. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by Opera News. Opera News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. Opera News furthermore does not condone the use of our platform for the purposes encouraging/endorsing hate speech, violation of human rights and/or utterances of a defamatory nature. If the content contained herein violates any of your rights, including those of copyright, and/or violates any the above mentioned factors, you are requested to immediately notify us using via the following email address operanews-external(at)opera.com and/or report the article using the available reporting functionality built into our Platform See More