Topic: Have you felt the impact of inflation so far? - page 3. (Read 1583 times)

Inflation is certainly felt immediately for those who have a small salary including me, many things that I leave for example the end of the month holidays, but every weekend I have to do many things like working extra to cover up increasing and uncontrolled inflation.

We might not see them getting affected but for sure they have also felt it. But, poor people are really suffering the inflation. It started when the gas price spike as everything went to follow the increase. Imagine a certain food product had an increase almost half its price, you'll gonna be asking what really happens in the market now? As this inflation will take longer, I'd see more and more people will be hungry and malnutrition.
Now, it was to realize how important is to have multiple sources of income to protect our finances in a situation like this.

I have felt inflation for the last 3 years, covid has disrupted many economic activities including the business I do, when the covid happened my sales turnover dropped by more than 80% and until now it still hasn't shown a recovery, inflation does cause serious problems for finances.

In my country there are areas where estimated billing is the order, whether there is electric supply or not people get to be issued monthly bills. It is a bad practice and the government is not doing anything to stop such criminality and rape of its citizens. In such areas, people always leave their appliances on whether they are using them or not. But there are areas where the metered system works called the Pre-paid billing. It is a pay as you use method. In areas with Pre-paid billing, consumers know they only get to pay for what they consume and so they do not like leaving on appliances they are not using. It will eat up their credit loaded into the meter. That is what I mean.

Looking at it the other way round, I don't think the rich folks do suffer with these inflations when you compared them with the poor men. I want to use my country as a case study: Most of the rich guys now have their investment protected with $$ and have them invested in developed countries where things are basically working on their palms, I know there is inflation everywhere but these countries know how to operate and manipulate their markets just to put things in bearest minimum compare to underdeveloped countries of the world. If they are to convert their investment back to local currency, they don't feel the effect of their national inflation because the $$ rate to local currency has been increased with and everything is been fair for them even if there are some little effects but the poor men who earn the same local currency for years and has lots of problems to solve are dying and crying inside.

It is interesting when you advise cutting down the electricity usage. But is it possible to apply to every people in a country? In this modern life, I assume the need for electricity usage becomes higher. Most people use more tools that require electricity to help their daily work. Instead, to cut down it, people need more electricity usage. So, I'm not sure this way can be effective to deal with the current inflation.

Regarding the post office, it is also getting less and less function in my country. Sure, people prefer to use email and some other online services. There are also some private services thah have the same functions as post office nowadays. So, people don't depend on the post office anymore.

Probably none of us have never felt this rising inflation. Even the rich people have been struggling too. However, if we only depend on our own savings for the whole time, then definitely it will vanish quickly in the thin air. But if we start investing while working on our stable job too, we will always beat this inflation and may even create good earnings too

Do these things still exist nowadays? Postal services wont really be that much relevant considering that we do almost have everything in terms of connection but there are indeed things which do still
stick into those traditional ways but not as rampant comparing into those good old years.

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Speaking about inflation then better get used to it, year by year this thing becomes worst and its never been surprising that we've really been greatly affected specially into those
people who do only rely with one source of income which is from their job thats why it would be wise that we should find another source.

Just like people can cut down on electricity usage, am sure they can also cut down on stamp usage by making use of emails. In my country alot of people hardly make use of post offices. Alot of post office structures are now redundant and overgrown with grasses. Emails and other online services have taken over the duties of post office. Am speaking for myself, though I do not know how it works in your area.

I have felt inflation since Pandemi or almost 3 years ago, I lost my job, basic needs such as food continue to rise without control, and this is what makes a serious problem for my economy and finance, especially the state eliminates some important subsidies such as health so that the impact of inflation is very pronounced To me.

Everything is pricey these days, the war and the pandemic
definitely dealt an ongoing blow worldwide. The effects felt
may differ but altogether it is getting bad. Gas, food, medicine,
electricity and water prices are way up than they are used to.
In my country, a lot are struggling to even meet ones daily needs.
I think when the war and pandemic is over, we might start to
recover in some ways or another. Then we will have to deal with
global warming, since it too has alarming effects on everything
and everyone everywhere.

Crypto has no dependence on government policies, even though they are try to regulate some policies, but it looks that freedom to determinial financial is the basic concept of the formation of crypto which is growing.

The impact of inflation will affect crypto's journey, even though it is not too large the effects, and if it is said that everything has an inflation impact, maybe some can say yes, but in the case of bitcoin it like very little.

Cursing other people is not a friend's solution, we don't speak in this context, but we will find financial freedom in bitcoin specification, if you can see the potential and opportunities.
While the risk cannot be separated from the scope of investation.
Stay Calm and Don't Panic !!!

When the oil price increases, we can experience the increase of price on each and everything. Slowly there is recovery in some part of the world. In my country even now people are allowed to work from home. This makes them overcome the inflation causing rise in the price of each and everything. In specific as they work from home the transportation cost is a saving and so people have an excess amount that can be used on the increase in price of necessities. When everything start to work as before, people will suffer more.

You are right, and now what I feel may be the cost of living which is considered mediocre to meet daily basic needs, and the increase in fuel prices and other foodstuffs continues to show price increases. The government is overwhelmed and does not solve the problems at hand. They may still be able to escape state-borne taxes because they are part of the guarantee. But we who have to divide the monthly income is very worrying. Every month paying rent, and electricity and meeting my needs for 1 month almost cost me $500 with a salary of only $300-$400 per month. - $100 and even then have to look for other income alternatives such as trading that does not determine income.

inflation is very pronounced in my area. but fortunately my purchasing power is still able to compensate. the price of food in restaurants and cafes is even more expensive now. so I eat at home more often now. but everyone's purchasing power is different. so maybe many around me have difficulty managing finances. because I heard the salary here is not going up. but the prices of goods and food have increased substantially. so you need to reconsider your finances. and revise financial planning.

In my case I have hardly noticed it because I had a considerable boost in income since late last year. So, I see that prices have gone up and continue to go up but my purchasing power increased over the price increase.

If it continues to rise I suppose I will start to notice it, but at some point inflation will moderate, for the simple fact that if people have less disposable income, they spend less and since there is less demand, prices have to go down or at least not go up.

I rule out a hyperinflationary scenario. I don't trust politicians very much but they are not going to be as dumb as in Venezuela.

Same here, also same with vegetables and meat.

yes, in my country it is also almost the same, now fuel is rising again and now food and drinks and others are starting to rise, and now the cost of living is getting more expensive and I hope that this inflation will end quickly and be replaced with prosperity.

the government in my country has raised the price of fuel oil. the increase was quite a lot of about 20% more. With this, an increase in all sectors will soon occur. Such as the cost for public transportation is likely to follow an increase of up to 25-30%. that's what public transport drivers say. even more. because of course the market price of household needs will also experience the same increase. if last month I said the impact of inflation is not so pronounced. but it looks like this month the impact of inflation will start to be felt. Luckily I was in a village filled with abundant natural wealth. so that there are many alternative ways that I can do to reduce the impact of inflation that occurs. and reduce buying instant food and replace it with natural food ingredients that we always grow.
But with this, surely the farmers will prefer not to sell a lot of their products. and will prefer to use it for food reserves.

and this will increase the price of basic food items from the agricultural sector. because the supply in the market will decrease.

This scarcity will start to make an even more frenzied rise. and in the end can trigger riots and mass protests against the government. and chaos could escalate if the government could not cope with this inflation.

but that's the worst case scenario. and I hope that doesn't happen. and the government can quickly overcome and find solutions. because so far I see people are very smart in my country. even society does not burden the government.

even when the price of animal feed has increased. the farmers here are looking for alternative solutions independently without government assistance. by making their own feed with the same quality as the manufacturer's feed. so that the manufacturer's feed began to become unsold.

because many breeders no longer rely on factory feed, which is increasingly expensive.

and the farmers are very smart here too. because when the government raises the price of factory fertilizers. so farmers make alternative fertilizers from fermented natural ingredients. and working with farmers to make natural fertilizer from livestock urine and livestock manure. so that natural quality fertilizers are created and do not damage the environment. and the breeders also take the leftover vegetables from the farmers and process them into feed using a fermentation technique.

I know this. because I am one of the people who do that. because before I was a farmer. and my friend is a farmer. and we work together to make alternative fertilizers and feeds that are cheap and environmentally friendly. Ah sorry, I thought my discussion was a little out of the way of discussing inflation.

Is it only gold can help us protected from inflation? No?

I cannot imagine if gold price and any other safe haven assets going down as well as the basic needs .. basic necessities ... what else can save us?
Even if we save a lot and having an average life to reduce the needs ... the world might really went mad with these situations , we are all helpless even those whales might loss bigger than us who living in a standard life , keeping thankful for being alive are the only last hope isn't it?