Will inflation in the world grow by 2023? - page 6.

Smack That Ace

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Quote from: dezoel on May 23, 2023, 06:35:05 AM

The cost of production of goods keeps increasing as we move into the future, and that causes an increment in the inflation of a country since companies producing these products will tend to sell them at a higher price, and then merchants sell them at even a higher price to the public. The government can control inflation but only if they manage to generate enough money within the country to spend on things that cause this.

Some governments manage to control inflation by reducing the cost of agricultural products which then reduces the production price of different products and the public gets better prices for those products.

I doubt it, if the government gets inflation under control, they won't let this inflation get as bad as it is now. All countries in the world are interconnected and depend on each other to survive, so once there is a supply and demand problem, it will affect the entire system. As a result, some governments will find it difficult to control inflation to their liking. How will the government reduce product costs in the context of higher-than-normal import prices of raw materials, supplies, and energy? It sounds simple, but the solution is not as easy as you say.

dezoel

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The cost of production of goods keeps increasing as we move into the future, and that causes an increment in the inflation of a country since companies producing these products will tend to sell them at a higher price, and then merchants sell them at even a higher price to the public. The government can control inflation but only if they manage to generate enough money within the country to spend on things that cause this.

Some governments manage to control inflation by reducing the cost of agricultural products which then reduces the production price of different products and the public gets better prices for those products.

bitgolden

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Quote from: mindrust on May 23, 2023, 05:08:44 AM

What other chance they got other than printing more money? They tried to raise the interest rates and banks started to go bust. Now they see they can't do that anymore, they will go back what they do best. Printing. You might ask now, "but weren't they trying to stop the consequences of printing money?" and you are right, they were. They were. Since they can't stop the inflation, what else is left to do? Making it even greater.

A wise man once said: "If you can't beat them, join them."

Another one said: "Fight fire with fire."

These 2 wise men know what will happen next. It is hyperinflation.

I hope that doesn't really happen because if it does then we are going to end up in so much trouble. I know that there are a lot of people who will do their best to prevent this from happening and they will try to stop printing of money and figure out a way to just focus on how to drop the inflation.

The problem is that most of those people who will fight against it are people who do not have the power, and we need to give these people their rights and power so that they can do that. How can we do that? We can do that with our votes in our own nations, pick the politicians that will make the nation better and the economy better so that we can get better. But you know what's the issue? Those people not get enough votes, and we end up with demagogs who rule however they want.

cydrix

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Continually based on the state of global economics. If a crisis or even a war occurs, inflation will undoubtedly increase. If you are concerned about this scenario and have money in the bank, you should look for ways to increase your income so that you can spend it since, if you continue to keep it hidden in banks, your purchasing power will be destroyed. We may also feel the effects of inflation by observing the rising costs of necessities, so we must act now to protect ourselves from the potential effects of future, severe inflation.

mindrust

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Quote from: durop77 on May 22, 2023, 12:31:28 AM

Reading the morning summaries of the newspaper, I came across an article that, according to forecasts, inflation will not remain within the limits of the predicted non-percentages, but will increase and grow, thereby creating economic instability in the world. Do you think it is worth relying on the opinion of economic experts? There have not been any official statements from banks by country yet, but the dynamics show that inflation is growing along with the annual rate of banks. But now it is quite high in all countries, respectively, the rise in price and instability in the markets should be expected or a slight increase in inflation is possible, which will not affect the economy of the world?

What other chance they got other than printing more money? They tried to raise the interest rates and banks started to go bust. Now they see they can't do that anymore, they will go back what they do best. Printing. You might ask now, "but weren't they trying to stop the consequences of printing money?" and you are right, they were. They were. Since they can't stop the inflation, what else is left to do? Making it even greater.

A wise man once said: "If you can't beat them, join them."

Another one said: "Fight fire with fire."

These 2 wise men know what will happen next. It is hyperinflation.

bayu7adi

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Quote from: 19Nov16 on May 22, 2023, 09:31:18 PM

Inflation is now a complicated problem and occurs in almost all countries, even countries that have strong economies like Europe or the USA often experience inflation, of course this is a classic problem that often occurs, and it's time for countries to think smartly by using an anti-inflation currency, gold. and silver is money that will never experience inflation.

Using gold or silver can actually be a solution to the inflation problem, as long as the value of the currency corresponds to its real value. When gold and silver become physical commodities of a currency, it makes the currency more resistant to inflation. This is because anyone who possesses that currency has the same value when converted to gold or silver.

The concept of using physical commodities like gold and silver as currency was adopted during the development of Islam in the Middle East. However, this concept started to fade away due to the progress of time and the influence of other countries' cultures in using paper and ordinary metal as raw materials for currency production.

wxa7115

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Quote from: Iadegbola34 on May 22, 2023, 03:59:35 PM

Based on what you mentioned, it seems like inflation might go beyond predicted percentages, leading to economic instability worldwide. While there haven't been official statements from banks yet, the trends show that inflation is on the rise along with the annual bank rates. With high inflation levels globally, we should expect price hikes and market instability. However, the exact impact on the global economy is uncertain. It's a good idea to keep an eye on the situation and seek advice from economic experts to stay informed.

The experts may know more about the economy than we do, but their predictive abilities are no better than the average person, because they do not have the insider information that politicians have and because they are unable to think outside the box as we routinely do.

So keep your eyes open and protect yourself, maybe inflation does not go up anymore and it finally gets under control by the governments, but what if that does not happen? If you fail to take those preemptive measures now then by the time you do so, it will be too late already.

19Nov16

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Inflation is now a complicated problem and occurs in almost all countries, even countries that have strong economies like Europe or the USA often experience inflation, of course this is a classic problem that often occurs, and it's time for countries to think smartly by using an anti-inflation currency, gold. and silver is money that will never experience inflation.

dansus021

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We are not gonna know it for sure but here in my country Indonesia it seem the inflation spikes is comes to an end. Maybe Country in developing country or third world country only has two option they following US and collapse or their economic slowy recovery and stand out.

carter34

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A way to consider the rate of inflation or not in the world we can look like the direction of the war going in Russia and Ukraine because this two country are important in the world and now that they are fighting endless war it is affecting the world in there supplies. russia reduce the rate of oil and gas to europe and this I believe affect in manufacturing of products which means no growth in manufacturing sector and that drops money in circulation. government will try to raise printing money and there you have inflation because too much money in circulation for purchase of the goods not available.

Iadegbola34

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Based on what you mentioned, it seems like inflation might go beyond predicted percentages, leading to economic instability worldwide. While there haven't been official statements from banks yet, the trends show that inflation is on the rise along with the annual bank rates. With high inflation levels globally, we should expect price hikes and market instability. However, the exact impact on the global economy is uncertain. It's a good idea to keep an eye on the situation and seek advice from economic experts to stay informed.

Vaskiy

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Quite often we can see news getting popped as inflation is increasing. This has hit hard in some countries, and I'm not that good about the inflation that is making downturn in people's life.

I personally find my country to face hard inflation in the upcoming months. End of the year 2016 the ruling government announced demonetisation and people suffered, many died waiting on the ATMs. The prime objective was to bring the tax evaded money into calculation. The government failed and once again the government have now announced for another demonetisation where 2000 Rupee notes need to be settled on the banks before September last.

el kaka22

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I think this year will not be as high as previous years obviously and that means a lot better situation for a longer term. I know that it is not going to be low neither, just not as high as what we would be last years and we should be a lot better. I believe that we could not be really considering this as a good thing for now, because even though it is going down, that doesn't mean that we are going to end up with anything other than trouble for now neither.

The amount of money we are making hasn't changed much so even if inflation is low, which it won't be, that doesn't mean we are doing great. I thing we will be seeing some rare situation, not inflation, not recession, like a combination of both that I can't really put a name on it just yet.

Desmong

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Quote from: YinShuiSiYuan on May 22, 2023, 12:57:38 PM

Quote from: Negotiation on May 22, 2023, 12:06:44 PM

At present, the inflation rate has exceeded the global inflation, and food prices have increased, If the prices of daily necessities continue to rise like this, it is affecting poverty. Even if the price of big people's things increases, nothing comes only the middle and lower classes are killed When the economy goes bad, jobs go prices go up, and the standard of living goes down the pressure continues to rise for better or worse, the middle class is always getting worse and worse the thought is here the main challenge for governments around the world is to control the prices of daily commodities and ensure food security. Because hungry people never forgive and no government wants to face this risk.

You never hear any country where inflation is going down this is world wide problem and entire globe is facing that . Hit you are right rich never get affe Ted by inflation the ones who suffers the most are poor and middle class people they literally give up their lives for overcoming this and to meet theri expense.

we have been seeing over the news that inflation is increasing every single day and there had never been a time where we hear that the government of a country reduced interest rate to cube inflation. Everything always goes up and surely we expect to see more inflation this time when things are obviously not balance at all. A better day is coming but we are still not sure if that time would ever come looking at what is happening in the world currently.

nimogsm

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I think this will not be big news, but we all noticed that inflation, both this year and this year, is more aggressive than usual, which has its own reasons, such as wars and natural disasters for example. Banks will not say that everything is bad, as they will lose their profits. The most reliable option is to build your investment portfolio on your own and make savings, since the forecasts are not the best at the moment.

YinShuiSiYuan

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Quote from: Negotiation on May 22, 2023, 12:06:44 PM

At present, the inflation rate has exceeded the global inflation, and food prices have increased, If the prices of daily necessities continue to rise like this, it is affecting poverty. Even if the price of big people's things increases, nothing comes only the middle and lower classes are killed When the economy goes bad, jobs go prices go up, and the standard of living goes down the pressure continues to rise for better or worse, the middle class is always getting worse and worse the thought is here the main challenge for governments around the world is to control the prices of daily commodities and ensure food security. Because hungry people never forgive and no government wants to face this risk.

You never hear any country where inflation is going down this is world wide problem and entire globe is facing that . Hit you are right rich never get affe Ted by inflation the ones who suffers the most are poor and middle class people they literally give up their lives for overcoming this and to meet theri expense.

terencio

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I think it is hard to predict the exact impact of inflation on the global economy, as there are many factors and uncertainties involved. However, I do think that economic experts have some insights and models that can help us understand the trends and risks better.

Negotiation

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At present, the inflation rate has exceeded the global inflation, and food prices have increased, If the prices of daily necessities continue to rise like this, it is affecting poverty. Even if the price of big people's things increases, nothing comes only the middle and lower classes are killed When the economy goes bad, jobs go prices go up, and the standard of living goes down the pressure continues to rise for better or worse, the middle class is always getting worse and worse the thought is here the main challenge for governments around the world is to control the prices of daily commodities and ensure food security. Because hungry people never forgive and no government wants to face this risk.

AnonBitCoiner

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Yes it is true that inflation is increasing day by day and I don't think that it will end soon because every country face inflation this time. Inflation may be due to the minimum resources and large number of population and also there are lots of countries which does not have any management systems for these resources.

I think inflation is on its peak therefore if a person's income increases annually then there is no effect of these income on inflation because a everything increases in cost regularly. Inflation can end if the management of resources become accurate and if some resources are scarce so some steps should be carried out to enhance these resources.

michellee

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Inflation may increase in the future and we cannot predict it precisely. We can only prepare ourselves not to be affected by inflation by working as well as possible and being able to earn more money. We are fortunate to know crypto because crypto can be a long-term investment and can help us earn money to survive.

Inflation can affect the world economy and everything may turn out worse than now. We can listen to the opinions of economists who have issued many opinions about the possibility of inflation. But we also have to be able to find our own way to survive in these difficult conditions.

Maybe inflation has occurred in several countries and will lead to the next country. But if we can prepare to defend ourselves, we don't have to worry about anything.

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