Topic: Will inflation in the world grow by 2023? - page 4. (Read 770 times)

Inflation is influenced by various factors including price inflation. When it increases, the price of everything increases, including many exports including various products that see a lot of change in the economy. Many countries find that economically the supply of goods cannot affect demand. Inflation that is adversely affected by a pandemic or war is only a matter of time before it rises again. Many experts have predicted that inflation will rise again.

There’s no way to stop inflation from rising, though you can just slow it down but eventually when the whole economies rises, inflation will also follow even if we don’t want it. Those who are suffering already because of expensive goods might suffer more in the future, the only way to fight this is to make your money work for you and beat the inflation, the world inflation will grow more, as technologies are advancing as well.

Your savings will potentially be on the verge of getting devalued in times of inflation if you are saving them in fiat since we all know when a country is hit by inflation, the value of money doesn't stay the same. If the country makes international trades using US Dollar, the value of it will significantly increase against the local currency of that country.

When you invest your money in real estate or any asset like Gold or Bitcoin, it will at least be safe from devaluation, although it will have the risk of dropping value if its invested in Bitcoin but it also has chances of appreciating as the price of Bitcoin can go up as well.

I don't think even economists are heroes. it is not about how inflation is handled. but I am aware that inflation will make those who are in poverty even poorer, they will find it difficult to survive. but for those who are already rich I think they don't care about the poor, I mean how those who lead a region should care more about inflation because it can make many people starve to death.

In addition to not listening to what the media is talking about, it would also be worth it to just take and calculate by how many percent the prices of the products you are familiar with, those that you buy most often, have increased. It is likely that many will be surprised by the fact that prices have not risen by 5-6%, as they are trying to tell us, in reality inflation is more and this will definitely not change any increase in interest rates, which is so much talked about. In fact, raising rates cannot slow down inflation as expected, it's just that the more money they print, the higher inflation will be and it will not change anything.

There is a lot of ununderstandable stuff going on which cannot be understood by the normal person. So its better one should mind their own business and do what is in their best interest disregard what is going on in the market unless they are linked to it!

In my opinion, the source of inflation is a country that uses a centralized financial system so when a problem occurs it will be more difficult to overcome, it is time for the country to try a decentralized financial system so that it will provide opportunities and opportunities for anyone to save, of course the country has a large financial stock so it can do intervention when there is a problem of inflation.

I would like to make a short comment as I live in a country that has been fighting inflation for many years. Of course, if I'm going to comment on a country basis, of course, it would be the best option to make an assessment on the currency, management, political decisions and economic situation of that country. Since I will express my comments around the world here, it will suffice to state some details that I have observed throughout the inflation process.

- First of all, I believe that the inflation problem will grow more this year due to the fact that the world economy is getting worse day by day. Moreover, this situation will be a serious problem that will affect not only developing countries but also developed countries, and even chaos will occur in the inflation environment.
- The fact that countries are not able to control inflation and that they continue to printing fiat money will cause inflation to increase by accelerating.
- Due to the inflation problem, many consumers will feel the need to stock up in order not to buy a product at a more expensive price later. This will lead to stock shortages, increased demand, and indirectly to uncontrolled inflation.
- The depreciation of currencies due to inflation will frighten consumers a little more and consumers will turn to many various investment tools in order to protect their savings. This will result in a financial market that is not a serious bullish signal for the markets, but will have intense cash outflows.

In this comment, which I started briefly, I touched on some scary details. You should remember that these are assumptions based on my observations and personal opinions and it is not clear that all of them will come true.

Officials will never give the real inflation rate, they just use the basket which will give the most minimal rate so they can convince the people nothing worse is happening but as an individual who faces the circumstances in reality knows what is happening and the possibility of the inflation will be higher in future.

Based on my personal experience the prices of day to day products increased atleast over 10 to 20% and the condition depends on the currency we are talking.

I still believe that you need to go into debt in order to save. Not a lot of people could just put money aside, you need to put them in debt and make them pay that debt and that debt has to be an asset. Real estate is a great one for that because you get mortgage and you pay that mortgage or bank will take the home back, so you are forced to save money for investment.

Bitcoin doesn't have that right now and that's the issue, I can't take out a 60k dollar loan to buy bitcoin, it's not allowed. This is why I believe that we should be considering this situation a lot more proper for people who can't save, just get real estate and then pay it, if you really want to get bitcoin, then resell the house and use the money to buy bitcoin when the debt is done.

I think inflation continues to grow every year. Therefore, I think we also understand that if the poverty rate in the world continues to increase, this is also due to the price of basic goods that always goes up, even though the income remains like that or even decreases. those who survived were those who kept the gold. and I think this inflation cannot be completely avoided we can only prevent but there is no way to stop it.

Economic experts certainly have a mature analysis of their opinion about this inflation. So if you trust economists, there's actually nothing wrong. But we as people who will definitely always be faced with the so-called economy, must continue to do independent analysis, according to our own point of view. Because as is happening now, inflation is not easy to contain. Like the forecast of the economic situation that will occur this year, I'm sure it will be very difficult to predict. Because what I feel right now, the economic situation in the country where I live, can be said to be quite stable. When compared to 2022, this year can be said to be better. Although there are indeed a number of things that have experienced an increase, such as food staples and building raw materials. But all of that can be neutralized, right, with the return of the workers who were expelled first. So with that current situation, I don't think it's too bad.

As it is, more time is needed to study and conclude on the next decision regarding global inflation as some countries are now recording more down curves, but the US inflation seems to be rising. The inflation between 2021-2022 was so obvious, and towards the end of 2022, inflation subsides and the curve flatted and even later pointed lower. Bt later flatted back and point slightly higher for the US, which could only mean that inflation in the US might continue to rise again as suggested by the last CPI data stated above.

Nonetheless, since the time that it did last two flattenings are not so farther from each other, it is better that we are patient and not rush to conclusions, With more monthly economic data, we will be able to ascertain where the inflation is heading.

Have you for once stopped listening to the media and view inflation from the chart to see what has been happening by yourself? Inflation is synonymous with a price increase, once it goes up, no way the price will be coming down, there is every tendency that it may stabilize and stay there for a while, but it wouldn't depreciate and even if it does, it will be by a small ratio but mostly shoot up and if you check yearly inflation rate of any country, there is always a yearly increase. Regarding your question, I believe there is going to be an increase in inflation for sure and don't expect the price of groceries to remain the way they are by the end of next year.

Does it mean that it will now stand still or will it increase at a small pace?

What are the signs that inflation will continue to increase in the near future? According to various reports of countries' governments, especially the US economy, inflation gradually decreases over time.

The banking industry in the US is in a state of crisis, and that does not mean that all banks in the world are in the same situation. Banks in my country are still operating normally, not a single bank has collapsed. I also disagree with you when you say that taking all our money out of the bank and putting all our assets in bitcoin is risk-free. Bitcoin is still considered the riskiest asset because of its volatility and uncertain future, it is only suitable as a speculative asset, not a safe-haven asset. We invest in bitcoin because we want to get high returns and become rich, but at the same time, we will also face increased risks. In short, nothing is perfect, so when it comes to our safety, the best way is to diversify.

From how things continue to move economically, my personal prediction would point out to a increase of inflation worldwide (or at least in the biggest economies on the planet) however, I am also expecting inflation to go slower as times goes on and economy recovers.

Of course, I am assuming politicians from Europe and the United States won't screw up the chances of recovering by defaulting on their debts or even weakening the strength of the union of the countries in Europe, as Russia tries to take over Ukraine.

This can be grim now, but things can improve if we leave cheap politics to one side and embrace common sense.

It's Already mid of 2023 and I  think we have faced a lot of crises in the crypto market this year and 2022 but ups and downs are the reality of life we can't complain about it. Inflation in 2023 is heading up and I think a maximum of the countries faced economic disaster due to inflation in my own country the current inflation rate is around 60% on the domestic products and the consumer products are inflated over 100%. I think my country is top 10 lists of the most inflated countries across the world reason is political instability.

✱ Venezuela — 1198.0%
✱ Sudan — 340.0%
✱ Lebanon — 201.0%
✱ Syria — 139.0%
✱ Suriname — 63.3%
✱ Zimbabwe — 60.7%
✱ Argentina — 51.2%
✱ Turkey — 36.1%
✱ Iran — 35.2%
✱ Ethiopia — 33.0%

You do not need the government if your country or the banks to release a reliable inflation index for you to know the status of the economy and how it's gonna be beyond.
The inflation rate is on the rise and it will continue on this leather till the bubble is bursted.
Take actions now to save you family, invest, diversity and take up more than 1 job if possible. This will be the thing to save you from the high inflation we are witnessing and the one to come.

You could never know, you gave a great example with Taiwan, we wouldn't really know if that will happen or not, maybe it will, maybe it won't. The whole world is on the verge of collapsing and we are watching, why do you think we have more and more floods and fires every single year, wait for this summer and I guarantee you 100% that there will be huge fires somewhere on the world, no idea where it will pop up this time, but it happens every summer, didn't when I was back in college or high school.

So we could definitely have world shattering stuff at any time, or maybe we won't. If we do, then we are going to see financially strain billions this time, and there is no pretty way out of that, it is going to screw over everyone, even rich people will be impacted hugely this time around.