Honda City Vehicles have gone through a strong increase in their selling price recently. There has been a considerable inflation in the selling prices for this model.
The retail prices for Honda City cars have gone through a strong rise during the last 6 months. During the first month analyzed in July the average price was ₦ 442,717. August went through a strong inflation with a rise in the price till ₦ 525,870. During the following two months (September, October) the average selling price rose somewhat going from ₦ 484,293.5 to ₦ 524,028. The average price has had spectacular rise of 139 % with an average price of ₦ 504,160.75 during the previous 4 months and ₦ 1,207,143 during the most recent months in November and December.