Topic: Inflation hitting a 25yr old record | Predictions for the future - page 3. (Read 369 times)

Not totally invisible, from the Acropolis just look a bit to the left from the direction of Istambul with a really good pair of binoculars about, 3000km away! 
Just like in my case here and almost everywhere in Europe inflation is triggered by energy prices, look at Japan, finally getting 1%, Australia is at 3% just like Vietnam. If you haven't made the mistake of printing money and you don't really on some war mongrel for fuel this would have passed easy.

That said, things can't get on like this if they are only caused by energy, there is a barrier to how high prices can go before finally some other means of production strat becoming profitable, just like shale drilling did, and how Canada is ramping up production as never before.
Winter is almost done, one last push and we're out of this mess for a while, it will help a lot especially with gas and electricity prices, not that they are going to go back to the past levels but growth will slow down to maybe hopefully a near-complete standstill.


That's exactly what he is doing, d'oh!!!! He is talking about his own country's situation.

No one knows for sure whether this year will be the start of a year of even bigger inflation in the future or not. Due to the fact that no one is really 100% safe from inflation.

Period of loss of value? how much does it cost to lose value in Bitcoin instead of paper money? even that would be quite difficult to recover by the banknotes themselves. about where are we going to save the economy if everything really experiences inflation evenly?
Pay attention to the economic situation where you live first, and don't rely too much on the inflation of a country that is not where you live. Methods of anticipating or minimizing it will vary.

The increasing inflation is currently soaring across the globe, leading to excessive price increases in most goods, in fuel and energy. To make matters worse fuel and energy costs are not included in inflation's index, thus, a 5-6 or 7% increase, is actually a lot worse than anticipated.

In particular, Greece is now facing a 6.2% rise in inflation, compared to January 2021, the largest ever recorded since 1997, compared to 5.1% in December. Increases are now spreading across the spectrum of the economy and not just energy, as it was a while ago, thus reducing disposable income and reducing inflation not to an economic issue but to a wider social issue.

According to ELSTAT data, the goods with the largest increase compared to January 2021 are:

Natural gas with an increase of 154.8%
Heating Oil with an increase of 36%,
Electricity with 56.7%,
Fuels with 21.6%,
Lamb and goat with 17.6%,
Olive oil with 15.4% and
potatoes with 12.3%.
Fresh vegetables 14.4%
 
The situation is about to get worse, with depressing predictions of it surpassing 7%-8% in the upcoming March. How are we dealing with such a situation? It feels like a battle against an invisible enemy. Our available income is shrinking, what is the best way to tackle inflation? The most common answer I've seen is to invest, rather than save, but how exactly do you invest? Since when is buying cryptocurrencies, such as Bitcoin, tackling inflation, since it can also face periods that it's losing value.

Is it going to get any better, and how soon is that going to be, if prices ever recover. Personally, I highly doubt it that the situation is going to get any better within 2022.