How is the cost of living in your country? - page 11.

odunybiz

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Quote from: MiliMil on January 19, 2023, 11:28:14 AM

I am a 32 year old male living in Australia.

Although I live in Nigeria but Australia is one of my dream country.

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I feel this is the first time in my adult life I have genuinely noticed the rising cost of goods and services especially groceries. Petrol is over $2.10 a litre and my water and electricity bills have also increased by about 15%.

Inflation is observed in almost all part of the world recently so you shouldn't be surprised about the increase in price in your country too.
I really feel bad for the elderly pensioners in this country. They are definitely struggling.

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I would be curious to read of the experiences others around the world are having in regards to their cost of living.

Cost of living has also increased in multiple folds here in Nigeria too. Almost everybody is complaining about this.

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Quote from: Davidvictorson on January 19, 2023, 06:43:12 PM

The cost of living in my country is so high that we no longer complain about it anymore. We try to just survive. To keep our heads above water for the next 36days when we will take to the polls to vote out the bad leaders that have brought untold and unbearable hardship to the common man and woman while they take the wealth of the nation to abroad and stash it foreign bank accounts.

Can you take your time and compare the rate of living in our country to what is posted in the OP.
Before now we used to buy petrol at $0.22 but now there is hike we buy at $0.44 which is still cheaper than $2.1 that they buy. Everything is just relative, the inflation we see is relative and people pay huge task in their countries but in our countries we can escape task because of the weak system of tax enforcement.
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alastantiger

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The cost of living is very high. There is no price control or price ceiling for everyday commodities and as such the prices are 2X almost every week while everyone watch helpless.The cost of living in relation to the growth of the economy is rising in geometric progression.I can't stress how tough it is here. You need to work twice as hard to make at least $10. This wasn't the case 2 years ago. Most of my friends are starting to relocate with their families to the suburbs where things still make sense and is affordable.

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Quote from: MiliMil on January 19, 2023, 11:28:14 AM

I am a 32 year old male living in Australia.

Today I purchased some fresh fruit, a loaf of good bread, good quality milk and 2kg of chicken drumsticks for my German Shepherd (he eats human food only) and the cost was close to $50.

I feel this is the first time in my adult life I have genuinely noticed the rising cost of goods and services especially groceries.

Petrol is over $2.10 a litre and my water and electricity bills have also increased by about 15%.

I really feel bad for the elderly pensioners in this country. They are definitely struggling.

I would be curious to read of the experiences others around the world are having in regards to their cost of living.

The prices are quite expensive in the country you are in, here in our country the cost of gasoline is between 1.1$ to 1.15$ per liter. Then the 2kg drumstick is only playing here with us for around 7$-8$ but it is for human dishes not for animals.

The only thing that is a bit expensive here for us is the onion because it costs around 8$-10$ per kilo.
But as a matter of fact, almost everyone is concerned about the price of the product, that's why it's not as expensive as in your country.

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Quote from: boyptc on January 19, 2023, 08:29:44 PM

Quote from: Davidvictorson on January 19, 2023, 06:43:12 PM

The cost of living in my country is so high that we no longer complain about it anymore. We try to just survive. To keep our heads above water for the next 36days when we will take to the polls to vote out the bad leaders that have brought untold and unbearable hardship to the common man and woman while they take the wealth of the nation to abroad and stash it foreign bank accounts.

That's also what it seems to be happening in my life. Although it's not wholly the entire country but as my way of living, that seems to be what I am living for, just to survive daily.

I still notice how hard it is that everybody of course including me to recover from the devastation of the pandemic and the effects of the war. It seems that all of us are just getting used to the sudden price hike of almost everything which is a sad reality.

The cost of living is on rise in every country, due to skyrocketing inflation worldwide, in particular in most of Asian countries. This primarily caused due to their dependence on imported petroleum products to meet with their energy requirements. As a result, their imported bill has risen significantly due to rise in crude oil price after the Ukraine war, which weakened their local currencies against the US dollar, making it harder for an average person to afford basic necessities of his family.

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Quote from: MiliMil on January 19, 2023, 11:28:14 AM

I am a 32 year old male living in Australia.

Today I purchased some fresh fruit, a loaf of good bread, good quality milk and 2kg of chicken drumsticks for my German Shepherd (he eats human food only) and the cost was close to $50.

I feel this is the first time in my adult life I have genuinely noticed the rising cost of goods and services especially groceries.

Petrol is over $2.10 a litre and my water and electricity bills have also increased by about 15%.

I really feel bad for the elderly pensioners in this country. They are definitely struggling.

I would be curious to read of the experiences others around the world are having in regards to their cost of living.

Rising prices for products (simply, depreciation of money, that is, a decrease in their purchasing power) is an indispensable "companion" in the economic history of mankind. It has always been and will always be so, because the entire world financial system is arranged in this way. Nothing to be surprised. Only Bitcoin has a deflationary pattern and therefore will never lose its value (current jumps are not taken into account and I'm talking about the period when btc becomes stable). It seems to me that your case is far from the worst, because Australia is an economically strong country with a high standard of living. My region of residence cannot compare with this and I see a change in the cost of living in the direction of deterioration almost every month. And here it is even more significant than yours.

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Quote from: xSkylarx on January 22, 2023, 07:14:51 AM

Petrol here is $1.10 per litre which is very high and we are hoping for a big rollback to make it a dollar or less.

It seems like the increment in the price of petrol is a general global because the price of petrol has also increased in my country, and it has affected the cost of living which was already high. Since we do not yet have constant 24 hours electricity supply in my country we also depend on petrol powered generators for electricity so it means that as we purchase petrol for our vehicles, we also need extra petrol for electricity generators. That gives you an idea of how high the cost of living is.

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In our country, I can say that it is expensive as we are living in a third-world country and the minimum wage is too low but if you will see how much the price is here you will say cheap as you are in a rich country and earning big comparing it to our wages. Petrol here is $1.10 per litre which is very high and we are hoping for a big rollback to make it a dollar or less. The chicken here is more or less $4 per kilo which is also higher than before. It increases all the prices here and still, our wages are still low we are having a hard time coping with these things.

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Quote from: TribalBob on January 21, 2023, 06:14:36 PM

not much different from your country, maybe my country is more expensive, what else are staples, you need to rack your brains to make ends meet, but what you need to know right now is that everything is experiencing price spikes not only in our country, so we use our finances to live, not for lifestyle

I totally agree with your point, "fulfilling the needs of life, not a lifestyle". Because from what I experienced before, it is precisely the lifestyle that makes our monthly expenses continue to increase. I started to leave the habit of living like that, and I feel it is useful for the future. We can save the money that was previously used for lifestyle, and it feels very useful for my life. We can't do that continuously, because we have to think about tomorrow and the future.

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not much different from your country, maybe my country is more expensive, what else are staples, you need to rack your brains to make ends meet, but what you need to know right now is that everything is experiencing price spikes not only in our country, so we use our finances to live, not for lifestyle

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I think was it Sri Lanka with the collapse of their economy (currency) the government started to do the only sensible solution possible which is to release staff for one day a week to start a growing garden of food for themselves and their family. Paying them for the full week but giving part of their wages in time available for that purpose, seemed kinda smart. The ultimate resourcefulness of anything resembling a capitalist economy would start from the bottom up, the true strength of a country is always the people.

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Quote from: Kakmakr on January 21, 2023, 06:31:38 AM

I can remember back in the day... We went to the shop with $5 ...and we bought 2 x 2Lt Cokes and 6 bars of chocolates and 5 packets of chips and 2 x 2Lt of Milk and 4 loafs of bread and some peanut butter and a jar of jam..... it is simply impossible today..... there are just too many places with CCTV. Grin

i think you are serious about it and i almost dm you what country do you live in, while deciding to settle in your country. LOL

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On a serious note..... Yea, inflation has increased a lot in my country... and the middle class are moving towards the "Poor" class now... with Petrol and electricity going up like crazy. The food prices has skyrocketed ..... with basic food prices increasing with between 25% to 40%. Roll Eyes

The increase in the price of gasoline and electricity is the most influential factor for the potential increase of all other goods, the government should be careful to increase the price of oil and electricity to prevent inflation.

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Quote from: MiliMil on January 19, 2023, 11:28:14 AM

I am a 32 year old male living in Australia.

Today I purchased some fresh fruit, a loaf of good bread, good quality milk and 2kg of chicken drumsticks for my German Shepherd (he eats human food only) and the cost was close to $50.

I feel this is the first time in my adult life I have genuinely noticed the rising cost of goods and services especially groceries.

Petrol is over $2.10 a litre and my water and electricity bills have also increased by about 15%.

I really feel bad for the elderly pensioners in this country. They are definitely struggling.

I would be curious to read of the experiences others around the world are having in regards to their cost of living.

in my country, with $ 10, you can buy 3 kilos of chicken, 1 liter of cooking oil, there are still about $ 2 dollars left, the price of gasoline per liter is around $ 1 dollar.
in my country at that price it is still affordable.

Kakmakr

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I can remember back in the day... We went to the shop with $5 ...and we bought 2 x 2Lt Cokes and 6 bars of chocolates and 5 packets of chips and 2 x 2Lt of Milk and 4 loafs of bread and some peanut butter and a jar of jam..... it is simply impossible today..... there are just too many places with CCTV. Grin

On a serious note..... Yea, inflation has increased a lot in my country... and the middle class are moving towards the "Poor" class now... with Petrol and electricity going up like crazy. The food prices has skyrocketed ..... with basic food prices increasing with between 25% to 40%. Roll Eyes

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Quote from: dothebeats on January 19, 2023, 01:54:51 PM

Cost of living here in the Philippines is pretty cheap compared to other countries, but the salary and wages isn't on par with the price of goods. I live alone, have two jobs and live near the city. What I earn is more than enough for me and some other hobbies that I have. Total budget every month never exceeds $600, and that includes rent, bills, food, and gas for my car. However, the quality of the food I eat is a little compromised; I seldom have any greens on my food because of how crazy expensive they are here. Meat is somewhat cheap, and that is what's usually on the menu. Any other comforts in life, I can afford but choose not to because I'm trying to save and invest in order to retire early.

I definitely agree with you.

The golden era is really legit. Ever since, the salary here in the Philippines doesn't really do it's justice, especially to those jobs that doesn't require a college degree, like construction workers. They are doing heavy work and yet they are always underpaid. Cost of living here in the Philippines ain't cheap anymore, in my opinion. Everything went up, but the salary stays the same which makes for every filipinos to suffer on budgeting their money just to eat 3 times a day.

In these days, you to at least make $600-$1000per month especially if you have your own family to feed.

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Quote from: DaNNy001 on January 20, 2023, 02:37:17 PM

Quote from: Davidvictorson on January 19, 2023, 06:43:12 PM

The cost of living in my country is so high that we no longer complain about it anymore. We try to just survive. To keep our heads above water for the next 36days when we will take to the polls to vote out the bad leaders that have brought untold and unbearable hardship to the common man and woman while they take the wealth of the nation to abroad and stash it foreign bank accounts.

You have really spoke my mind because even if we complain about this high cost of things, we still see things get worse, worse and more worse so the best thing to do is to just do what humans are best known for, which is the ability to adapt to all changes. The price of things in my country are gotten so worst that the average man now needs to tripple his hustle in other for one to survive. Well the opportunity to vote out this bad leaders in the country is the only hope we have for things to go a positive way as the major problem in the country is seemingly due to the leaders and the heavy toll of corruption they have inplaced in the country.

I agree that what is happening is partly due to mismanagement by some governments, but we also shouldn't blame the government entirely when we are in trouble, and complaining doesn't help our economy better. While we are having a hard time, there are still many people who are quite comfortable in the inflationary economy, and as far as I know, they are also ordinary people like us. But they are better prepared and calculated for this crisis, so they are less affected by them. That shows that part of the fault is due to our own weakness in financial management as well as not trying our best and then when difficulties arise blaming others. I stopped whining, and instead I worked more, from 2022 I have a better income, and I almost don't mind the price when my income is better.

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Quote from: Furious 7 on January 20, 2023, 03:24:10 PM

Well, in this case when we are in different countries, the level of needs and economic conditions will also be different. but there is one thing in common for countries these days that is rising prices.
Regardless of anything, it seems that almost everyone in every country has experienced an increase, which is indeed a little difficult to readjust because there are several factors that also make prices soar now.

I agree with your opinion, even when the price of goods soars, it will not return to normal, the traders will still maintain the highest value even though the oil material has fallen. In my country the benchmark for a spike in the price of basic necessities is from How is the scarcity of oil to fuel vehicles, as you mentioned there are several influencing factors but the most influential is when there is scarcity of oil.

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Nowadays, high cost living is much more prevalent than it was a few years ago. I remember the days when we could buy a lot of groceries, snacks, and some of our personal hygiene products for a budget of $20, but those days are long gone, and you need more money to buy those things. I'm considering moving back to our province because life there is uncomplicated, inexpensive, and conducive to starting a business.

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Quote from: Issa56 on January 20, 2023, 03:42:20 PM

Seriously I was thinking prices of things are increasing only in my country, but from people's response to the thread, I think it's a general problem. whenever you visit a store today in my country, let's assume what you will purchase at the rate of $2, if you visit the same store the following day and you want to purchase the same thing, you might get it at $2.2. Prices of things are increasing on a daily basis and I don't know if their is anyway that can stop or reduce that. If you are having money and you want to purchase anything, just buy it immediately, the more you keep on procrastinating, the more the price keeps on increasing.

The price of things are getting high as the day goals on, it is now becoming a tradition in most places in Africa. The worst thing about how price of things is going high is that it will never come down to its former price, many people are having in mind that things will get better an the price will come back to its previous state. The best thing to do now the world is having financial crisis is to create more source of income to be ready to face inflation that is coming after now.

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Quote from: iamsange on January 20, 2023, 08:15:37 AM

Where I live it's still pretty cheap for groceries and services as $50 is enough to live on for five days if it's just by yourself. Because here, for the cost of daily meals without electricity and water bills, you can just have as much as $6 and that includes one liter of motor gasoline a day. So it's still cheaper here if I compare it to what you told me, even though I also feel the increase in food and service prices from last year until now, but I can still deal with it comfortably by continuing to work and make money so I can live without going hungry.

And maybe I wouldn't be able to live in Australia if the cost of living was that much because $50 is very precious money to me and I would be very grateful if I could make that much money in a day, because I can spend some of it on food and some of it on saving for brighter future. So I can't imagine the amount of spending there (Australia) with the amount of money I spend here on a daily basis.

Each region must have different income and expenses, let alone different countries. Maybe it's true that you only spend 50$ just a week, unlike in Australia you can spend 50$ a day. But don't get me wrong either. Even though the cost of living in Australia is expensive, the salary for workers in Australia is also quite expensive. Actually the cost of living is not expensive, what is expensive is the lifestyle because lifestyle has no limits.

This year the world is facing a difficult situation. Many countries will face an increasingly difficult situation due to the economic, food and energy crises. I think it's not only in Australia that the price of basic commodities has gone up, in my area it has also gone up. We hope that this crisis will pass quickly so that the world economic situation returns to normal.

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