Renault 12 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 Renault 12 cars have gone through a strong rise during the last 6 months. During the first month analyzed in November the average price was . December went through a strong inflation with a rise in the price till ₦ 293,333. During the following two months (January, February) the average selling price experienced a noticeable rise, going up 100 % from ₦ 146,666.5 to ₦ 293,333. In the last two months, the price has gone through a strong devaluation of -33 % compared to the 4 previous average values going down from ₦ 219,999.75 to ₦ 146,666.5.