Topic: Have you felt the impact of inflation so far? - page 8. (Read 1583 times)

I think that regardless of where we may live I think we are all experimenting the same, the price of food is going higher and higher, in my particular case I think my expenses when it comes to food have increased roughly 20% and that is with buying the same amount of products, now since it is still affordable for me I don't really plan to make any changes, but if this continues and inflation when it comes to food keeps being out of control then I will have no other option but to try to find other brands which offer similar products for a lower cost.

You could really feel such changes if the salary or income you do have is still the same all over the years and we know that inflation is there and if you wont really be finding any ways for you to increase
your source of income then you would definitely feel or impact of inflation this is why its important that you should really be finding ways on patching up at least yourself to compensate somehow.
Some might still be earning the same and some is trying out their best on enhancing their income so that you wont really be still having problems on making up some savings.

Seeking alternative options is a decent strategy.

It is clear that our current lifestyle and way of doing things isn't well suited to high inflation environments. The time is ripe to try new things and devise new alternative ways of doing things.

City residents will have a difficult time adjusting due to limited space and residential restrictions. A trend towards rural living could become common due to lower rent, more options and greater living space. Remote working being more widely supported would go some way towards supporting this trend.

Greater living space correlates with an easier time installing solar panels or windmills to reduce energy costs. It correlates with an easier time growing food and raising livestock to disconnect from rising food costs.

Flex hour jobs such as driving for uber or amazon delivery could become more sought after. To fill working hours or shift to fund a shift towards a more digital nomad lifestyle.

Many americans who derive a significant portion of income from the internet are moving abroad to places with lower average cost of living.

There are a number of adjustments and changes that can be made to better cope with rising inflation and economic downturn. Its interesting that there isn't more content devoted to those topics.

I'm experiencing the effects of inflation regularly through the fuel price. When the fuel price increase is there, automatically each and everything will get tied. Electricity in my region have increased drastically, which means beyond certain units of consumption the amount gets doubled. For this reason right now electricity is being used in a calculated manner.

Years ago with what I earn I was able to manage all my needs and make a savings. Now the savings is no more.

It wont be adjusted anytime sooner probably for atleast a year and if the yearly inflation rate stays up above the expectation rate then action would be taken by then. Lots of people especially the lower working class would be suffering before it is adjusted as their living cost would be way more expensive then what it is used to be

Wont go into much details on where I live but so far, nothing except for food prices seems to be increasing though but it seems it is increasing in literally every other countries as well

Even if I'm already tightening my budget, still it's barely making me at the end. Salaries don't increase and that's why we have to find side hustles that would be designated for some of our expenditures. This will decrease the expense which we're getting from our own salaries.

Savings? Well, just a little and I've just deposited like less than 90% of what I've been saving before. But my reasoning is that, it's still a savings no matter how much it's worth.

One source of income won't keep up with the inflation.

prices are much higher in the bigger cities unlike in the provinces that's why we felt the inflation but in the outskirts, the prices are adjusted lower.
nowadays i already turn off the air conditioner at midnight as use fan for the rest of the night so save electricity cost.

it use to be easy to decide to travel when you want to have a good weekend experience. now i have to budget whether i could afford to dine or just cook at home and bring the food with my kid to a nearby beach resort. gasoline price affects a lot of us. i might even just fix my old bike.

You can really feel that inflation here in my country, starts from the gas price, up to the electricity and sugar and other basic necessities, you can really tell that inflation is getting higher and if our government didn’t do anything to address those issues then we might welcome a bigger inflation rate.

My savings can’t handle that much, i might only able to live for a month or two if it continues to rise, this is why I’m trying my best to look for a better investment that can help me deal with those inflations.

That's the problem, the government must adjust salaries during inflation so it doesn't have bad impact for finances. If that is not done, then I can expect more famine to occur in your country even if you are a civil servant.

The price of basic necessities and food rises periodically, it can happen in a matter of days and the worst thing is that the value is no longer going down but skyrocketing ^{[only term].} Of course, things like this must be handled properly by the government because usually the mafia will play this for profit.

Looking for a side income, it can be anything as long as I can do it according to my abilities and skills.

If the government does not adjust and improve the situation, then I think in a few years the savings will run out because of their limited value. Be prepared for a worse impact if you want to build a house because I believe the material value will be very high than before. But rest assured, everything will be resolved soon when the government has good choices and solutions.

Honestly speaking, Inflation got me dealt with. The economy in my country is so intense to the extent that consuming food these days is way too pricy for the vast majority to afford. And more of the reason I felt this is due to the bad season in crypto, if not, I wouldn't be this affected or not even any affected at all. Anyways, better days are ahead, I want to believe.

I don't think I'm paying more for electricity per kwh, and gas has gone down considerably in the past few months, but man....food prices just continue to go up and up.  I'm not kidding, every time I go shopping the price of things I normally buy goes up just a little bit (and sometimes a lot). 

And I think food is where a lot of lower-income folks can't afford to cut back on, like they can with electricity and some other things.  There are so many people dependent on government assistance for food, and I'm pretty sure the amount they get every month doesn't track inflation very well.

The cost of postage from the USPS is expected to go up again this year, too.  Buy those forever stamps now while they're relatively cheap.

I know that the inflation rate of each country is different and the relative for each country is different. In my country, this inflation continues to rise which causes a lot of influence on the economic stability of many people "including me". I think this is very bad because the government did not adjust salaries to the increase in inflation and now it is exacerbated by the discourse of increasing fuel prices.

If in the previous 2-3 years $200 - $250 per month was sufficient for an adequate living cost, then the value has continued to increase to $300 - $400 per month in recent months or even higher for the class of rich people. This had an impact on my financial stability where sometimes I had to sell some of the bitcoins I earned from signature campaigns to provide for myself and my family. The value of the currency is increasingly worthless, the value of the currency of goods continues to increase and even the increase becomes uncontrollable.

I have to pay the electricity bill 2-3 times more expensive for normal use. I also have to bear more expensive taxes, and many other things that I may not mention. It really doesn't make sense when the government doesn't seem to care because I can tell that the weak are getting oppressed while the strong are getting stronger.

If you were in this position, what would you do? Are you sure the savings you have so far can minimize your financial problems from rising inflation?