The economic system is not very friendly in every part of the world as it stands, the high rate of inflation is not only subject to one country but affecting every country.
According to the National Bureau of Statistics (NBS)'s and Consumer Price Index (CPI) of my country, their recent report released on April 2024, shows that the inflation rate increased by 11.47% which left me with no surprise because it is already telling on the price of goods and services. Despite how expensive the price of goods are the market as of last year, this year is even worse.
Topic: How is the cost of living in your country? - page 8. (Read 1513 times)
hero member
Activity: 770
Merit: 538
Leading Crypto Sports Betting & Casino Platform
I live in a third world country and the price of petrol products and other commodities are 3x that of last year, and I don't think that price will come down anytime soon. Cost of living is fucking expensive now.
Inflation is very high down here which has affected every sector of the market. Getting the money is also another problem because minimum wage has not being increased and people who are earning salaries are really suffering because their monthly salary can no longer take care of their needs. I have a neighbor that quit is job, because of high transportation fee. After he did his calculations and saw that transportation will consume 90% of his salary.
Inflation is very high down here which has affected every sector of the market. Getting the money is also another problem because minimum wage has not being increased and people who are earning salaries are really suffering because their monthly salary can no longer take care of their needs. I have a neighbor that quit is job, because of high transportation fee. After he did his calculations and saw that transportation will consume 90% of his salary.
In my country the cost of petrol is around $0.8 per litre.
Yeah, overall the cost of living in my country also rise, even my country state the inflation rate is 4%, but the reality I see it's more than 4%, I feel it's probably around 8%-10%.
I'm quite following Australian news, they said that there are too many immigrants especially from Asian countries applying for Work Holiday Visa to work in Australia. Definitely it's really promising since they get paid for 10x-20x higher than in their country.
Yeah, overall the cost of living in my country also rise, even my country state the inflation rate is 4%, but the reality I see it's more than 4%, I feel it's probably around 8%-10%.
I'm quite following Australian news, they said that there are too many immigrants especially from Asian countries applying for Work Holiday Visa to work in Australia. Definitely it's really promising since they get paid for 10x-20x higher than in their country.
I agree wholeheartedly with your first point. The official inflation rate in 2023 was 4.1% however basic goods and services increased by 10-15%.
The minimum wage in Australia is around $23-$24 AUD which is very good but rent, groceries, travel expenses etc are ridiculously high and seem to be increasing all the time.
In my country the cost of petrol is around $0.8 per litre.
Yeah, overall the cost of living in my country also rise, even my country state the inflation rate is 4%, but the reality I see it's more than 4%, I feel it's probably around 8%-10%.
I'm quite following Australian news, they said that there are too many immigrants especially from Asian countries applying for Work Holiday Visa to work in Australia. Definitely it's really promising since they get paid for 10x-20x higher than in their country.
Yeah, overall the cost of living in my country also rise, even my country state the inflation rate is 4%, but the reality I see it's more than 4%, I feel it's probably around 8%-10%.
I'm quite following Australian news, they said that there are too many immigrants especially from Asian countries applying for Work Holiday Visa to work in Australia. Definitely it's really promising since they get paid for 10x-20x higher than in their country.
Hi Guys,
I'm curious to know if there is a cost of living crisis in your country and if you are feeling the effects of rising goods and services.
I'm Australian, and the inflation rate in 2023 was over 4%.
I have noticed significant increases for everyday essentials like food, petrol and utilities.
The cost of petrol is around $2.10AUD per litre, which is insane.
Let's hope things improve in the near future because the current state of things is unsustainable.
I'm curious to know if there is a cost of living crisis in your country and if you are feeling the effects of rising goods and services.
I'm Australian, and the inflation rate in 2023 was over 4%.
I have noticed significant increases for everyday essentials like food, petrol and utilities.
The cost of petrol is around $2.10AUD per litre, which is insane.
Let's hope things improve in the near future because the current state of things is unsustainable.
Jump to: