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I know that the inflation rate of each country is different and the relative for each country is different. In my country, this inflation continues to rise which causes a lot of influence on the economic stability of many people "including me". I think this is very bad because the government did not adjust salaries to the increase in inflation and now it is exacerbated by the discourse of increasing fuel prices.

If in the previous 2-3 years $200 - $250 per month was sufficient for an adequate living cost, then the value has continued to increase to $300 - $400 per month in recent months or even higher for the class of rich people. This had an impact on my financial stability where sometimes I had to sell some of the bitcoins I earned from signature campaigns to provide for myself and my family. The value of the currency is increasingly worthless, the value of the currency of goods continues to increase and even the increase becomes uncontrollable.

I have to pay the electricity bill 2-3 times more expensive for normal use. I also have to bear more expensive taxes, and many other things that I may not mention. It really doesn't make sense when the government doesn't seem to care because I can tell that the weak are getting oppressed while the strong are getting stronger.

If you were in this position, what would you do? Are you sure the savings you have so far can minimize your financial problems from rising inflation?

I don't think I'm paying more for electricity per kwh, and gas has gone down considerably in the past few months, but man....food prices just continue to go up and up.  I'm not kidding, every time I go shopping the price of things I normally buy goes up just a little bit (and sometimes a lot). 

And I think food is where a lot of lower-income folks can't afford to cut back on, like they can with electricity and some other things.  There are so many people dependent on government assistance for food, and I'm pretty sure the amount they get every month doesn't track inflation very well.

The cost of postage from the USPS is expected to go up again this year, too.  Buy those forever stamps now while they're relatively cheap.

Honestly speaking, Inflation got me dealt with. The economy in my country is so intense to the extent that consuming food these days is way too pricy for the vast majority to afford. And more of the reason I felt this is due to the bad season in crypto, if not, I wouldn't be this affected or not even any affected at all. Anyways, better days are ahead, I want to believe.

That's the problem, the government must adjust salaries during inflation so it doesn't have bad impact for finances. If that is not done, then I can expect more famine to occur in your country even if you are a civil servant.

The price of basic necessities and food rises periodically, it can happen in a matter of days and the worst thing is that the value is no longer going down but skyrocketing ^{[only term].} Of course, things like this must be handled properly by the government because usually the mafia will play this for profit.

Looking for a side income, it can be anything as long as I can do it according to my abilities and skills.

If the government does not adjust and improve the situation, then I think in a few years the savings will run out because of their limited value. Be prepared for a worse impact if you want to build a house because I believe the material value will be very high than before. But rest assured, everything will be resolved soon when the government has good choices and solutions.

You can really feel that inflation here in my country, starts from the gas price, up to the electricity and sugar and other basic necessities, you can really tell that inflation is getting higher and if our government didn’t do anything to address those issues then we might welcome a bigger inflation rate.

My savings can’t handle that much, i might only able to live for a month or two if it continues to rise, this is why I’m trying my best to look for a better investment that can help me deal with those inflations.

prices are much higher in the bigger cities unlike in the provinces that's why we felt the inflation but in the outskirts, the prices are adjusted lower.
nowadays i already turn off the air conditioner at midnight as use fan for the rest of the night so save electricity cost.

it use to be easy to decide to travel when you want to have a good weekend experience. now i have to budget whether i could afford to dine or just cook at home and bring the food with my kid to a nearby beach resort. gasoline price affects a lot of us. i might even just fix my old bike.

Even if I'm already tightening my budget, still it's barely making me at the end. Salaries don't increase and that's why we have to find side hustles that would be designated for some of our expenditures. This will decrease the expense which we're getting from our own salaries.

Savings? Well, just a little and I've just deposited like less than 90% of what I've been saving before. But my reasoning is that, it's still a savings no matter how much it's worth.

One source of income won't keep up with the inflation.

It wont be adjusted anytime sooner probably for atleast a year and if the yearly inflation rate stays up above the expectation rate then action would be taken by then. Lots of people especially the lower working class would be suffering before it is adjusted as their living cost would be way more expensive then what it is used to be

Wont go into much details on where I live but so far, nothing except for food prices seems to be increasing though but it seems it is increasing in literally every other countries as well

I'm experiencing the effects of inflation regularly through the fuel price. When the fuel price increase is there, automatically each and everything will get tied. Electricity in my region have increased drastically, which means beyond certain units of consumption the amount gets doubled. For this reason right now electricity is being used in a calculated manner.

Years ago with what I earn I was able to manage all my needs and make a savings. Now the savings is no more.

Seeking alternative options is a decent strategy.

It is clear that our current lifestyle and way of doing things isn't well suited to high inflation environments. The time is ripe to try new things and devise new alternative ways of doing things.

City residents will have a difficult time adjusting due to limited space and residential restrictions. A trend towards rural living could become common due to lower rent, more options and greater living space. Remote working being more widely supported would go some way towards supporting this trend.

Greater living space correlates with an easier time installing solar panels or windmills to reduce energy costs. It correlates with an easier time growing food and raising livestock to disconnect from rising food costs.

Flex hour jobs such as driving for uber or amazon delivery could become more sought after. To fill working hours or shift to fund a shift towards a more digital nomad lifestyle.

Many americans who derive a significant portion of income from the internet are moving abroad to places with lower average cost of living.

There are a number of adjustments and changes that can be made to better cope with rising inflation and economic downturn. Its interesting that there isn't more content devoted to those topics.

You could really feel such changes if the salary or income you do have is still the same all over the years and we know that inflation is there and if you wont really be finding any ways for you to increase
your source of income then you would definitely feel or impact of inflation this is why its important that you should really be finding ways on patching up at least yourself to compensate somehow.
Some might still be earning the same and some is trying out their best on enhancing their income so that you wont really be still having problems on making up some savings.

I think that regardless of where we may live I think we are all experimenting the same, the price of food is going higher and higher, in my particular case I think my expenses when it comes to food have increased roughly 20% and that is with buying the same amount of products, now since it is still affordable for me I don't really plan to make any changes, but if this continues and inflation when it comes to food keeps being out of control then I will have no other option but to try to find other brands which offer similar products for a lower cost.

Really, both my family and I have been hurt by inflation. Basic necessities like food are becoming increasingly expensive, and we are striving to maintain our tight budgets by making additional savings through promo and discount purchases. Regarding the gas, since we don't have a car, I ride a e-scooter to get to work and shop for necessities.

I am just guessing that you might from my country because we experiencing almost the same thing. Price of goods and services are skyrocketing and the government is refusing to increase wage because they are predicting that it would cause inflation. Although my country is one of the highest producers of crude oil, the price of fuel is still expensive because we import refined fuel. We don't have working refineries. 


Its quite pathetic to experience this kind of situation because one cannot plan his financial future. Now the main focus is survival and not investments. I had to move to a smaller apartment so I can be able to cut my families' living expenses.
 

If this inflation continues many people including me might not be able to meet their basic needs. Savings would keep dwindling except you take some drastic action such as
- Cutting your expenses; Ensure you spend money on needs and not luxuries.
- Learn another skill to diversify your income
- Search for and engage in other sources of income

It is also important that one learn how to be happy regardless of the negative condition. Hence, to avoid help challenges and stress we must learn to relax and give time to the things we love.

In my country, inflation rate is really high, mostly for consumable goods and some house hold utensils. Every month I usually spend more than my bodget for that month. Electricity bill is so high X2 of what I was paying last year, gas bill is also too expensive.
   But am learning how to manage the inflation rate. while shopping I go for the primary needs first before secondary needs which I can get the next month. I try to manage my bodget this days.
  

Absolutely yes, the purchasing power of our money use to buy good decreased and we can really feel it here that the goods we buy is totally less than and also the price of basic good are so high right now. Especially the price of electricity and oil which is necessary needed is also sky rocketing that's why I expect that this inflation rate will soar up. also there are still ongoing crisis due to war in ukraine, covid pandemic still exist plus we can add the monkey pox virus which adds the economic disturbance.

I have the same struggle, I have a car and I only go with important errands and travels but still, with the high price of gas I still need to budget my travels.
And for the basic necessities, they're being lesser these days and due to the inflation. Most foods that we consume, we're no longer storing a lot of it unlike before since they're cheaper and more affordable.
To those that owns a car, if it's not an important travel, just commute or better stay at home.

I mean, prices have risen due to number of reasons and in part due to inflation, but what worries me is not the immediate impact of inflation and other issues, it's what it does in the long run that sparks the most concern. Those kinds of impacts could be felt for years to come.

I'm working at a known supermarket chain and constantly face the increasing prices. Especially meat, eggs and dairy have skyrocketed. I used to buy a kg of chicken fillet for approximately €6.50 - €7.50, now the average price exceeds €9, and that's only one example, I have plenty similar scenarios.

My main concern is that since March, I'm unable to save as much as I used to, and some months I'm spending more than I've made, even though I've severely reduced my consumption.

I can really feel the impact of inflation. Almost all goods prices went up, electricity went up, fuel prices went up and I also agree that taxes also went up. You are in the same country as me, obviously this will feel the same to us. There is no current government policy that is very beneficial to the people, this is a bad era for the economy which is getting closer to crisis. I can even say that if we are not going to have a financial crisis, then we are going to have a crisis of confidence in the government.

Find a way out. I think a side job without interfering with your main job is a good option to consider. It doesn't matter how much money you can make but when you have 2-3 sources of income then your financial situation will be better.

Over time it will run out, but if your income and expenses are controlled then I think stability can still be achieved. The main point is to find a way out and have several sources of income instead of just relying on the main source of income.

Mate, 1 pack of cigarettes I smoked today last year cost $1.2, but this year it went up to $2 more. Imagine how much other stuff is expensive now.

This is how inflation affects our finances, even if we prepared for this it seems like the price keeps on rising.
Inflation can easily be felt by everyone especially those who have on a tight budget, and in my country we also have the same problem especially with the gas price and the price of rice and sugar.

They say investment can really fight the interest of inflation but it’s really hard to do this once you only have one source of income, many will advise to look for other source but again it’s not that easy. The government should do everything to slow down the inflation, many countries can’t afford to have a higher inflation rate.

The price keeps increasing in one way or the other. Government keeps increasing the tax and make the common people suffer. The worse part during this time period, the rich turns more richer and the poor turns more poor. This is not only about the inflation, but also the governance problem. Ten years back crude oil was bought at a price of $110 per barrel and after different processing it is being sold at $1 per litre. The same at present is bought at a price around $90, but sold at a price of $1.5 and this is just a simple calculation. So will be the change with each and everything.

I like to cook a lot, and I've noticed that basic cooking goods have gone up in price but still somewhat manageable. I'm starting to see increase in sugar and salt in our local market and that could not be good. On other stuff, I don't see any increases whatsoever, but yeah the effects of inflation is slowly settling in. Some of them are artificial, as some mad men decided that it's best to hoard lots of sugar and keep them as a secret to inflate prices. Some are really genuine, and that's what's really bothering me at this point. The government has to find out whether the inflation that we're experiencing here is just artificial, else they have to do something to control the prices to not hurt those people that only has enough to survive.

I think almost everything is getting expensive gradually nowadays I've always noticed that everytime I go shopping especially the food. There's a lot of problem that my government need to check and focus on instead of keep the goods importing, I've seen some vegetables stocks from the farmers that isn't getting anywhere near to the city since the market can't buy them because they have a lot of stocks already and those are from the imported goods in the port.

There's a lot potential to our farmers but the government seems not to care at all and this is the problem of having a corrupt government.

I've seen a huge spike in sugar, flour, pasta, meat and dairy products. As a matter of fact, for some reason, in the supermarket chain I'm working at, there's a constant shortage in sugar, which is concerning.

Actually, governments can take measures in order to tackle inflation and the increasing prices, by imposing a cap, limiting how much certain goods can rise in price and by limiting and punishing speculation. Unfortunately, lots of goods have increased in price, simply in the name of war, a large percentage of the inflation we're experiencing is speculative.

I also have a business in the food sector, feeling the increase in staple foods today. This makes it difficult for me to develop my business, which makes
my profits even smaller due to the increase in some foodstuffs. Because I am a food entrepreneur, it is impossible to continue to increase the price of
the product, I can incriminate buyers who are also affected by the effects of inflation. In addition, if the solution is to increase the price of the product,
then I can lose to compete with competitors who do not raise prices. Another thing that disappoints me is that the government of my country is
getting more burdensome by increasing taxes, it makes the burden on people's lives even heavier. Inflation will always rise, and we can't expect too
much from the government, which sometimes doesn't support the citizen. So to deal with the impact of inflation, we must be more active in making
money by thinking creatively and looking for other sources of income.

Today's government seem not to be citizens friendly but rather themselves friendly by only enacting laws and policy meant to keep the citizens toothless and subservient so as not to be able to have the necessary means needed to challenge their activities.

Inflation rate by the day in my very country is getting worst as goods and services tend to top up price on daily basis without commensurable response to increase in workers wages by both private and government establishments.

The rate of stealing and highway robbery has spiked high cause everyone especially the lazy and heartless ones are doing anything possibly negative to make a living and this kind of situations and more just make life look so solitary and brutish  as insecurity adds to the inflation level.

Previously, the state could fight the speculative rise in prices for certain products in such a way that they kept sugar, flour and the most necessary products in storage, and when there was a speculative rise, they simply put these stocks from the storage, on the shelves of stores and thereby broke the plans of speculators.

Now, inflation is due to rising fuel prices, because it takes part in all stages, from sowing to harvesting. The war brought many changes...

Yes, I have noticed it. It was first noticed in energy prices and now it is noticeable in everything. Especially in supermarket shopping. And I believe what people are saying about inflation data being distorted. It seems to me that prices have risen more than they are said to have, at least in my day-to-day shopping.

Prices of some commodities are still increasing and this is inseparable from inflation.
Of course, to suppress inflation is not an easy thing to do,
We'll see if in the future the price will go down or it will increase

I'm paying 25-30% more for food. This is the worst thing in the current inflation.
My electricity bills are basically not increasing, because the electricity prices for the consumers are regulated by the government in the country where I live.
I don't have a car and I don't buy gasoline. Gasoline prices went up by 30-40%, which makes me glad that I don't drive a car.
I will have to secure wood for the winter and the wood prices are 30% up, so this might hit my budget big time, until the end of 2022.
Everyone, who is a living around the poverty line is being damaged severely by the inflation. The next months will be difficult, but everything will be alright in the end.

Man, it is unspeakable the way things are getting high on a daily bases, of course, everyone must be feeling the impact of inflation because am feeling it despite having more than one source of income.
Fiat is so valueless this day whatever you buy doesn't measure up to the money you have spent, the cost of local flight in my country right now is jaw-dropping considering what it use to be just a few months back, just virtually everything you can think of is high and your earnings are not so sufficient to foot the expenses, it is a very hard situation.

Inflation for the economy is like blood pressure for the human body, too high or too low are both bad effects.
In the country where I live, what I feel the most is the increase in basic commodities and also the increase in fuel oil and this leaves traders with no choice to increase selling prices because the increase I mentioned has greatly affected all levels of society.
and one way to counter the effects of inflation is to start investing. Investments have varying returns, but most importantly we must choose investments that provide returns well above the inflation rate.

In my country inflation has been rising like crazy for many month now. Everything got more expensive already before the Russia Ukraine war, but companies use it as an excuse now to ramp up prices even higher. In the supermarket was the first place where I felt the higher inflation. I used to buy always the same brands and products and my bill was usually between 25 and 30 Euros, in the last 12 months I never paid less 40 Euros, and this even included buying cheaper brands. The second area I feel the inflation each month is at the gas station. Fuel became so expensive since the Ukraine war. And the other big sector is the utility bills which increased a lot for the advance payments until summer 2023. Hopefully there will be some normalisation in prices until next year.

Individually I think each of us can overcome and reduce the impact of inflation that is happening right now. Maybe it won't have a big impact on financial stability, but at least it can reduce the bad impact on stability. I think that controlling the flow of excessive spending is one that would be good to practice in daily life. Not spending larger amounts of goods, not panicking too much, and having good financial control.

Investment can also help reduce the impact of inflation in the long term, especially if the assets we invest in can generate a commensurate return. At this point we know there are many assets worth considering, but think about bitcoin which has long been considered to have great potential in helping people mitigate the long-term impact of inflation. Have investment, good financial control, don't panic easily and it will help you to achieve good financial stability.

We're also experiencing a worse inflation crisis these days. Electricity and our daily necessities are continuously rising. Minimum wage earners are suffering because minimum pay isn't enough to sustain our daily needs. Food and bills are hard to afford and we're almost working just to survive. The government can't do anything to ease our suffering but also take advantage of the situation. There's even a salt, oil, and sugar shortage in our country which makes everything more expensive so as much as possible, we're looking for extra jobs to sustain our daily living.

From my standpoint, you are not out of place as regards the increment in cost of food prices, electricity bill, fuel and almost all basic necessities one needs for everyday survival.  I was not happy with Landlord sometime in May when I learnt my electricity tarrif has increased by ×5. I complained o, but I still had to pay even after we converted to prepaid. I don't have to talk about normal commuting fees for those of us who don't have cars yet. I had almost thought of getting a bicycle onetime.
The inflation I think is global, but I wonder how long it will last. The value of my countries currency right now is nothing to even talk about.
We need solutions. Multiple streams of income. New monetary and exchange systems. God help us.

in my country because of inflation causing all goods to rise in price. basic necessities, especially those that experienced an increase, followed by electricity and other necessities. felt since the corona pandemic until now. especially after this the government plans to increase the price of fuel oil, this will have an impact on increasing all goods in my country, because everything requires distribution. and of course this will increase crime and and reduce social value between human beings, because everyone will think of himself first

Of course... Everything I purchased last year is more expensive this year. Oil, gas, food, water, snacks, bills.. anything you name it. It is impossible to ignore the inflation. Even the very rich people are complaining.  The Fed says they will fight the inflation by raising the interest rates and they won't stop till the inflation comes down to 2%. That means the economy will get fucked up pretty badly because if the interest rates goes that high, there will be a recession. The economy will simply stop.

Looking for additional income even though this is not an easy thing to do in the country where I live especially if only have average abilities.
Savings will only save for a short time because our income can no longer be set aside for saving if it continues in the future the savings will be zero.
I had the same experience selling some coins to cover some expenses to be honest at first I didn't really think this was due to inflation, but after a few months of continuing and calculating every expense, I realized inflation had a pretty big impact.
If the discourse of increasing fuel prices will actually be carried out (it will definitely be done) it will make it even more difficult for low-income people to meet the necessities of life.

But afaik a high inflation is more problematic to the people because this makes the price of the items rise but a low inflation rate will be better as this makes our money more valuable. Same with the blood pressure in our body, a high bp is too dangerous as it can cause heart problems or stroke but a low bp is more ideal.

Your country isn't alone with that problem you are facing now but this is also felt globally including on my own country. Investing might help curb out those problems and crypto must be the ideal asset for it because it is known as a hedge to inflation but we can also add other types only to minimize our risk.

Here in our country prices of commodities such as egg, chicken, pork, cooking oil, sugar, electricity, and gasoline almost doubled compared to its price 12 months ago. My salary is just enough now to cover the basic monthly expenses unlike before that I can treat myself during paydays and still able to save some. Minimum-wage workers here now are complaining about the inflation because their salary is not enough anymore to sustain them. Their salaries is almost half of their utility bill that only few amount is left for them to spend until next month.

That is why I commented in my previous post that I do not trust the official inflation figure. At least the feeling is that the prices of the things you buy on a day-to-day basis to live on have risen much more than they say. In part it may be a subjective feeling but I'm sure that the data is being made up so that people don't get so shocked.

I myself do not feel too affected by the impact of this inflation. But the people around me they certainly feel it. because today the price of food continues to rise, unless the price of clothing does not increase at all.

but for food it actually goes up about 5% every month. for vehicle fuel that experienced the most increase. about 10-15%. but maybe it's not much compared to other countries.

because my country is one of the oil and gas producing countries. so here there is no shortage of energy sources. but still the price of imported goods has increased.

and for electronics prices are now a bit cheap. especially if it's a used item. lately on social media, I see many people selling various electronics such as laptops, PCs, game devices, and other electronics. and the price offered is very, very below the market price (cheap). but today people are more concerned with food than any other need.
such as clothes that have experienced a decline in prices due to people shopping for clothes less and less.

Those who say they dont feel the impact of inflation are living with their parents and the last time they were in shops was with moms. I am used to my utility bills being always higher compared to similar month previous year. Gas, electricity, water and etc are always getting more expensive. But food prices makes me feel depressed. Little comparison - previously I could go out of the shop with two full bags of food for 50 euro, now I get only one bag for same amount. I was amazed how taxi ride cost now. I used to pay 7-10 euro for work-home ride (that is about 10km). On Friday I have paid 31 euro.

I think the important thing is that we still have enough money in your pocket to cover your daily expenses even with rising inflation and by lowering the intensity of your lifestyle a little bit during this time.

Yes, I think I'll go back to the old story again by saving from now on while waiting for the economic policy to take effect. Doing so is the best way to ensure that your savings can weather the storm of rising inflation but if you've been putting off saving, then it's time to start.

One thing is for sure in my opinion that money saved now is worth more than money saved in the future due to inflation.

I have to say even though I felt the hurt of inflation, I did not felt it as much as the very low income people of my nation. Why? Because I make my income with dollars, so my salary is in dollars, whereas they have a salary in our fiat, and they were already making less than me, and with our inflation being like a million times worse than USA, the rate between our fiat vs dollar went up too.

Hence, I make more than most people in my nation, it is a decent wage, like a very good job, not business or company level, just like someone with a good salary so it is not insane. But people who make the minimum wage? Those people are living in poverty right now, barely find food to eat, it is really terrible, there are more and more people dying of starvation right now and in 2022 starvation shouldn't be a problem if you ask me.

Inflation affects everyone around the world, this concerns primary needs. While people who think about a fashionable lifestyle are only a few.
Independent economic solutions should be effective for all people, especially for those with below-average lives, such as residents in some countries in Africa and Asia who depend on government subsidies to meet most of their needs.

I feel it almost every other day in my country. Worst part is, it never improves. I mean, you go to the market to make some purchase or even give som service man a contract to work a job for you, should you guys not come to terms on the price of materials needed at a time, he or she immediately warns you of inflation. It's always like, next week or even tomorrow, the price might go up. Unfortunately, it always does! It's that bad or sad in my nation and I just experienced one today.
Actually contracted a guy to do some job for me, he gave me his cost estimate including service charge from prior experience of 2weeks ago from a job he delivered another client. Only to go get the needed materials today and the price has increases by 20% of the formal. WTF is that!!!

It's definitely different for my country. The status of subsidies seems to be played by unscrupulous elements where almost every month we have to pay more for electricity bills with the same voltage. Gas is still stable because we get subsidies for it, but for non subsidies it is quite expensive.

The same thing happened, in my opinion the impact of inflation is so great that for some people it is called a crisis. Freelancers who don't have a steady income have complained a lot, I don't even know how much it costs to eat 3 meals for their family.

Government assistance was expected, but it was not enough. $20-$40 a month "maybe under $40", that somehow only covers a few days of life for those without a regular job. This is really a very bad situation. Suffering is felt by many farmers, crop yields are declining and at the same time inflation is tearing their pockets apart more quickly.

Buddy, you just spoke my mind. Things are difficult and life is becoming unbearable, food items have doubled, some have Tripple and some currencies are just not worth their value again, the government is trying to remove some from circulation because they cannot buy anything worthy again.
The foreign commodities are no longer affordable for some less privileged people, you have to settle down for local alternative foods and cheaper ones which are usually of low quality when compared to the standard items.

Well , we have to face the fact that the production cost spike high and it affects everything around , so no wonder if shit happened like this , all is because of the ukraine - russia war .. we have to admit it , the global price movement affected so much even in the post - covid19 where we thought everything must be get backup soon.

But the reality we are on another level of inflation.

I have been slapped hard so many time in last few month because of inflation
I don't go out - don't dine out - cutting all my expenses and trying to live with in my means

Yes food is the basic need of people like clothing and shelter. If food is cut down unnecessary the nutrition fall and lack of it is problem to immunity in the body to fight against pathogens which are new or foreign to the body like bacteria and virus. The health organisation encourage to improve diet to fight against bacteria and virus to avoid disease like covid-19. To live healthy is feeding with good nutrition but the inflation reducing the resources and salary is not increased by government.


Postage stamp duty is that cheap because the government is expecting more money from that part of taxing. The usefulness of postage stamp not felt much in this age so government trying to encourage patronage to it. The importance of postage stamp is major to document legal records, filing of important government and contract agreement if not for legal purpose the media and internet took the shine away long time past. Sending of email covered the postage stamp because it shows evidence of agreement, you generate receipt from email for strong proof of business with another person.

And that is how inflation later on can lead to a deflation, as the price of everything begins to go up and the salary of the people remain at the same level people begin to only buy what they truly need, this means that any luxury they wanted to buy is going to be put on hold indefinitely, this in return slows down the economy in a process that feeds itself, and that at some point it becomes impossible to stop, no matter how much money governments try to print in order to encourage people to spend their money.

It seems that if we do not have more than one source of income, it will be difficult to make ends meet. Because now many people have started
to find it difficult to buy something, where almost all goods and services have increased in price. Even though the increase in salary is not
in accordance with the increase in the price of goods and services that we need, there are even some people whose salaries have not increased
at all. That's why as you said many people have started living frugally, by limiting their spending to what they really need. What is the government
doing by printing a lot of fiat, only makes inflation higher and that becomes a problem in the future.

The best solution is that we cannot rely on income from only one source, we have to think creatively how to find a side job in order to improve
the economy. Fortunately internet access is getting easier, so if we diligently search for information on the internet, we will find opportunities
to increase our income. As long as we don't give up and are willing to work hard, surely we can improve our economy and can find solutions to
the rising prices of goods due to high inflation.

Nobody can hide from the impact of inflation, no matter if you are rich, middle class or poor. The people suffering the most are the poor and middle class... and you will find with the higher unemployment after the impact of the Covid pandemic... a lot more people moved from the middle class to the poor category.  ::)

I definitely feel the impact of higher inflation and higher fuel prices....and I have not received an increase in my salary for the last 4 years. (I am just happy to have a job)  ;)

Dont know how US dollars help you, because you still pay for everything in local currency, and USD to <your currency> exchange rare doubtfully has change significantly. I would say that I am earning good, definitely above an average, but when I compare my balance at the end of the month, the difference between in and out are lower than it used to be. I think the prices on food has increased for 30% during last 6 months. Or on popular food it is definitely +30%.

Yes, showing that the inflation has really reduced many people to zero level in the environment. Many countries that used to do well in their countries some years ago, are now experiencing this inflation undeveloped countries are experiencing in their land too. And the rate of unemployment in the land is too high for the government to solve easily without allow the citizens to start having access to decentralized investment in the environment. I believe, the government will not allow this inflation to reach next year, because the inflation is affecting both the rich and the poor in the environment which government need to budget a huge amount of money to delete this inflation from the land so that people will start enjoying deflation in the land again.

I agree with you both. The alternative option of a side job is something I need to think about now. But of course it is difficult to get a job if the skills are insufficient, but perseverance and faith will help to get out of trouble.

So far I've been thinking something about the profit prospects of cattle farming or anything equivalent. I'm thinking about how this is useful for the short term although I know crypto investing is good for the future too. I hope my intention will come true, but of course I won't be doing it myself due to time constraints.

Recommended, the key is that you have to move forward and shouldn't be lazing on the couch enjoying this game. Whatever you want to do, then do it as long as you can manage it well without interfering with other activities. My top priority so far is investing, it's not more than what I can afford to lose.

I feel the economic effect has decreased since Covid or about 2 years ago, the impact is very strong in 2022, the balance in the bank is getting smaller and makes me currently looking for many things to fill my finances, what I am currently doing is raising fresh fish and hoping to get my finances back to how they were before covid and inflation.

Yes, it will be done soon and maybe on September 1 it will be implemented. People are getting more and more tormented because of government policies, they think that the state's loss is only because of the people but they forget that the corrupt political elite is the cause of the problem. I don't know if they would consider the impact of the hike on low-income people, but they don't seem to care and will anyway.

In the midst of severe inflation, the government came to a conclusion that really made the people suffer, this is a condition that we did not expect. 30% to 40% increase in fuel is bullshit.

The increase in fuel prices triggers an increase in all other basic needs, meaning that the government indirectly approves all aspects of the increase in the price of goods and services, the condition of the people is very screaming and the lack of jobs available from the government will increase the poverty line, but they outsmart the increase in fuel prices by distributing financial assistance to poor people in reducing the demonstration of fuel hikes from various communities or civil society forums. The announcement of an increase in fuel prices of up to 40% is a failure of the government to improve the welfare of the people, especially in conditions of high inflation.

Government assistance for the poor will not help much. I also got one of their assistance programs "covid impact assistance", but you should know that the amount per month is not more than 18 liters of fuel. It doesn't make any sense why the government raises fuel prices by up to 40% every time they do it. I remember this is the second time the government has done it in a short period of time, the increase will almost reach 80% this year if tomorrow the price increase is legalized.

It's like falling down the stairs, lol. The people have to grapple with inflation and bullshit government policies. I don't think this is really funny because the inflationary impact of rising fuel prices will be even worse next month.

BIIIIG TIME. I have been living a bit worse, have debt on top of that, and I haven't had a good nights sleep for a long time all because of inflation. I have been trying to find a way to make more money, or at least like an investment that could bring me money, because I do not have time to work anymore, I am already working a lot, so I needed an investment that will make an income for me and failed that too.

Crypto helps a ton, I am grateful for crypto but all the other things has shown that we can't really trust fiat world and inflation as a way of saving us, it is not going to. Governments do not even care about the high inflation to be fair.

Government do always took up the blame when its citizens do really suffer out on this aspect but to think off on a bigger perspective that there are things which can inevitably happen
specially on world market pricing or something in relation to this which they cant really able to stop at least for it to happen which it would really make out big effects on overall living into its citizens.
For personal perspective then it would really be just that right thing to be done is to find out another source of income which you could really able to handle up yourself at least
with this inflation.Its hard but we should really do this so that we do able to sustain at least even its very challenging to do so.

The government in this case fails to fulfill its responsibility to the people, making it difficult for the community to meet their food needs, where the price of goods will increase, every time fuel is reported to go up and we will see in the near future.

You are still lucky to have some bitcoins in your wallet, then what about people with income under $200, what we know now is the value of the currency is decreasing, while goods are going up so fast, there is no balance between income and needs to be met, that is really bad.

If I were in your position, maybe the first step I would take would be to calculate the assets, then convert some good investments, like bitcoin potential or altcoins, especially from the story you wrote, it sounds like you are not new to this world. The scope of investment seems to understand well, the potential of bitcoin and altcoins.
Of course you understand when is the right time to start

Before the start of the year and even throughout Covid, I was seeing prices staying pretty stable for probably the last 10 years. The small increments that happened over that time frame were barely noticeable, but in the last few months it has skyrocketed. You see it everywhere on the shelves, increases of 10-30% are quite the norm now and it is not always a one off - sometimes you'll see the same product go up several times in price over the course of 6 months. For those in a lucky position where they earn above average and maybe don't have a family, will be able to cope somewhat ok while the jobs market stays hot. For those with the lowest incomes or large families to look after the future is getting harder every week.

From year to year, it is clear that the impact is quite significant, especially during the Covid period, which clearly worsens the situation.
I feel something like this from 2 years ago, the price is increasing more and more and the last time I see the impact of that fuel prices in my country are rising again and this is definitely one of the real impacts that I feel.
Foodstuffs are also clearly one of the things that are felt, some time ago there were even some food prices whose prices rose up to 4 times the previous price because these goods were so scarce because they could not be obtained because their exports were disrupted due to inflation that hit .

We are all been affected with inflation and there's no avoidance of it and that what really makes this situation do really gets worst as years passing but we cant really that to do something with this but rather

finding up other ways for you to earn so that you would able to sustain up yourself somehow into this certain condition because if you do stick out with your daily job income or salary then you would definitely be

fucking up yourself gradually which might lead even on having some loans and borrowed money just because your earning isnt really just enough on your daily living.This is why
we should be wise on taking up decisions.

Inflation has affected everyone. The whole world has been affected by the inflation.
There are trouble after trouble and they are not going to end anyway.
we have reduced the grocery purchase and electricity  and fuel consumption.

In my country, the annual inflation rate (https://tradingeconomics.com/nigeria/inflation-cpi) in Nigeria increased to 19.64% in July of 2022, which is the highest since September of 2005. The value of the currency has weakened. The prices of food items have tripled. People who live in Urban centers who can't afford 3 square meals anymore are moving down to rural areas. Some have even taken to subsistence farming as a means to grow their own food. PMS and Liquified gas prices have quadrupled and right now, there is no end in sight. Everyone Tom, Dick and Harry is affected by the inflation.

In each and everything it is possible to experience the inflation. In particular, I can remember the food on the streets. Once those food on the streets were affordable, now that itself looks high. This is the best price, but it looks high. With such pricing only the vendor is able to make little profit. Apart from that vehicles price, I bought a motorcycle for $1000 few years back and the same costs around $1800 at present.

Sure, having a side job is needed. I also do some side jobs because I can't rely on my main job in real life.
No, you don't need to look for a job, you can do online jobs that you can manage yourself. Have side jobs in this forum, have an online shop, or any other online jobs, these can be proper alternatives. You can consider which one you are familiar enough or which one fits with your ability/skills.

Cattle farming or the like is a long-term business. It doesn't fit with your goal if it is for the short-term. You need to find a job that can give you instant profits or instant money if you prioritize a short-term goal.  ;)

Because most people are affected by rising inflation, we really have to be wiser in managing our finances. We have to start changing our lifestyle
to be more frugal, and start buying less luxury goods and focus more on investment. We can develop our skills to open more opportunities to make
more money, and don't be lazy to dig up information on the internet to find ways to increase our source of income. In addition, for people who still
have small incomes, they must be more diligent in looking for side jobs, and not solve their financial problems by borrowing money. It will only
create new problems in the future and ultimately make life more difficult. Actually there are many ways for us to make our income increase
by looking for information on the internet, then we need to think calmly and don't be too hasty in making decisions if we need additional money.

There has been no change based on the news that I read in online media source (https://economy.okezone.com/read/2022/09/01/320/2658575/daftar-terbaru-harga-bbm-pertamina-seluruh-ri-dari-pertamax-hingga-pertalite-mulai-1-september-2022) but I am very sure that when it has been implemented, the fastest response to the increase in fuel is the increase in the price of groceries

But unfortunately most people still have to struggle to meet they daily needs so so investing is not an easy thing for them to do

Certainly... I see the rates of consumables hitting high this season. After the petrol rate hikes there was a steep price rise... This year the increments had been really poor and I know a few friends who were laid off.. if all this is signs of inflation or recession. I think I felt it around me.

Even if your income is paid in dollars, you cannot avoid the effects of inflation. For example, the price of gasoline, before you only need to spend 1 dollar to buy a liter of gasoline, but now you have to spend 2 dollars to buy a liter of gasoline, it cannot be said that you are not affected by inflation. 

Simply because you have a better income than many people, spending is not difficult but if you compare the amount from your monthly income and expenses, it will be much different than it was before inflation hit.

Really felt. Almost everything is getting more expensive but wages remain the same. Because of this I really need to cut short my budget and prioritize the essential things before the wants.

We need to be more wise in order to cope up and if possible aside from your main job, find other way to get extra income. Through this, your earnings will be sufficient for your monthly expenses and you won't struggle budgeting.

It is true that no one can really hide from inflation but we can take steps that at least offer some protection against it, and one of the most obvious steps is to convert your fiat money that is losing value every single day into something that keeps it, you could buy gold or silver and in the case things get even worse not only you could protect your wealth but you could even obtain profits once people realize that things are getting out of control and decide to buy gold and silver as well, but obviously in order to do that you need to have savings, and saving is difficult to do when inflation is going up so rapidly.

I feel the impact of inflation since the Covid occurred, prices rose fantastic while income decreased dramatically, and now I have to do many things to be able to survive, I sell online and become a reseller of many products, every day looks busy but income cannot be as expected.

In this case, taking a loan is not the right thing in my opinion, because regardless, it will make things worse, not better.
Maximizing what we have is still a good thing than having to borrow money I think and this is what I do because with this loan it will actually branch when we think because apart from having thoughts to make something better or at least being able to eat for tomorrow we also have to think about loan repayments.

The inflation is not affecting the economy of a particular country but it is also affecting the global markets which is affecting many countries in the world. The inflation is affecting every class of human, company workers and government workers who are know to spend money excessively before, now they mind the way they spend money because the money they receive as income is not enough for them. The funniest part about the inflation is as if food items are the most expensive things now.

As we know, investment is one way to reduce the impact of inflation in the long term, but in my opinion, there must be a balance between demand and investment. If in the last few years I was able to invest up to 50% of my total monthly income, this year I'm sure it has dropped very drastically. I also don't just think of crypto as an investment asset because there are actually many other assets out there that I would also consider to be a good long term investment.

It's not a matter of knowing or not, new or old, but actually investing is an awareness of how we can benefit from money, meaning let money work for us besides we also work to earn money. Right now what I'm thinking about is how this stability can be achieved when things get worse due to government policies.

What exactly is the major cause of this global inflation? Why is it affecting every country. After covid-19 pendamic till date, the cost of products and services has trippled. I was simply much worried that I had to contact my friends outside my country about it and they confirmed it's happening in their countries as well. The value and purchasing power of the fiat keeps reducing. I am thinking if this will continue this way, or will there be a normalcy and how will it be attained?

If the country has no good preparation to face the current inflation, it is difficult to overcome the situation. In my country, the government prefers to have a loan from another country and also remove subsidies to deal with the situation. It may be a proper solution temporarily, but it will bring negative impacts in the future. The loan should have high interest, and the government will force society to pay the loan by increasing the taxes. Sure, society never feels happy about the policy, it even makes their situation worse because they have to bear the burden of the state's debt/loan which they basically don't want to. I am as a society, also feel sad about the inflation and the worse decision made by the government.

You would really felt that impact if you dont really do something or finding out other ways for you to earn more income because just like on what most people been saying that inflation could really give

impact on everything which it cant be something for it to be resolved but it do gets worst as years passing by which it would be common sense that we should be finding ways for us to sustain at least.

You would definitely felt the impact if you are on a situation or condition that you would fell short when it comes due to expenses so it would really be just sensible on doing such things.

Yes, that's right, this is directly related to the law of demand, there must always be a balance, but sometimes investment goes against the law of demand.

Depending on which coin you hold, if market conditions are not good, then the income we receive will automatically decrease, because investing in crypto has a down and pumping condition.

Your assumption is very true, almost everyone knows this, but what we need to know, bitcoin has a more perfect meaning, if you and I know when to enter the market and make long term investments, 2021 is a great example of what we can do

The investment function is indeed looking for profit, but speaking of science and strategy are two things that cannot be separated, that's what I mean by that we must know when is the right time to enter the market. Now is the time for money to work, but it also can't be eliminated because people are in control.

Trust me, government policies are not capable of influencing bitcoin, the decentralization in question can be attributed to this statement, as long as you hold the right and potential coins.

Is it only gold can help us protected from inflation? No?

I cannot imagine if gold price and any other safe haven assets going down as well as the basic needs .. basic necessities ... what else can save us?
Even if we save a lot and having an average life to reduce the needs ... the world might really went mad with these situations , we are all helpless even those whales might loss bigger than us who living in a standard life , keeping thankful for being alive are the only last hope isn't it?

the government in my country has raised the price of fuel oil. the increase was quite a lot of about 20% more. With this, an increase in all sectors will soon occur. Such as the cost for public transportation is likely to follow an increase of up to 25-30%. that's what public transport drivers say. even more. because of course the market price of household needs will also experience the same increase. if last month I said the impact of inflation is not so pronounced. but it looks like this month the impact of inflation will start to be felt. Luckily I was in a village filled with abundant natural wealth. so that there are many alternative ways that I can do to reduce the impact of inflation that occurs. and reduce buying instant food and replace it with natural food ingredients that we always grow.
But with this, surely the farmers will prefer not to sell a lot of their products. and will prefer to use it for food reserves.

and this will increase the price of basic food items from the agricultural sector. because the supply in the market will decrease.

This scarcity will start to make an even more frenzied rise. and in the end can trigger riots and mass protests against the government. and chaos could escalate if the government could not cope with this inflation.

but that's the worst case scenario. and I hope that doesn't happen. and the government can quickly overcome and find solutions. because so far I see people are very smart in my country. even society does not burden the government.

even when the price of animal feed has increased. the farmers here are looking for alternative solutions independently without government assistance. by making their own feed with the same quality as the manufacturer's feed. so that the manufacturer's feed began to become unsold.

because many breeders no longer rely on factory feed, which is increasingly expensive.

and the farmers are very smart here too. because when the government raises the price of factory fertilizers. so farmers make alternative fertilizers from fermented natural ingredients. and working with farmers to make natural fertilizer from livestock urine and livestock manure. so that natural quality fertilizers are created and do not damage the environment. and the breeders also take the leftover vegetables from the farmers and process them into feed using a fermentation technique.

I know this. because I am one of the people who do that. because before I was a farmer. and my friend is a farmer. and we work together to make alternative fertilizers and feeds that are cheap and environmentally friendly. Ah sorry, I thought my discussion was a little out of the way of discussing inflation.

yes, in my country it is also almost the same, now fuel is rising again and now food and drinks and others are starting to rise, and now the cost of living is getting more expensive and I hope that this inflation will end quickly and be replaced with prosperity.

Same here, also same with vegetables and meat.

In my case I have hardly noticed it because I had a considerable boost in income since late last year. So, I see that prices have gone up and continue to go up but my purchasing power increased over the price increase.

If it continues to rise I suppose I will start to notice it, but at some point inflation will moderate, for the simple fact that if people have less disposable income, they spend less and since there is less demand, prices have to go down or at least not go up.

I rule out a hyperinflationary scenario. I don't trust politicians very much but they are not going to be as dumb as in Venezuela.

inflation is very pronounced in my area. but fortunately my purchasing power is still able to compensate. the price of food in restaurants and cafes is even more expensive now. so I eat at home more often now. but everyone's purchasing power is different. so maybe many around me have difficulty managing finances. because I heard the salary here is not going up. but the prices of goods and food have increased substantially. so you need to reconsider your finances. and revise financial planning.

You are right, and now what I feel may be the cost of living which is considered mediocre to meet daily basic needs, and the increase in fuel prices and other foodstuffs continues to show price increases. The government is overwhelmed and does not solve the problems at hand. They may still be able to escape state-borne taxes because they are part of the guarantee. But we who have to divide the monthly income is very worrying. Every month paying rent, and electricity and meeting my needs for 1 month almost cost me $500 with a salary of only $300-$400 per month. - $100 and even then have to look for other income alternatives such as trading that does not determine income.

When the oil price increases, we can experience the increase of price on each and everything. Slowly there is recovery in some part of the world. In my country even now people are allowed to work from home. This makes them overcome the inflation causing rise in the price of each and everything. In specific as they work from home the transportation cost is a saving and so people have an excess amount that can be used on the increase in price of necessities. When everything start to work as before, people will suffer more.

Crypto has no dependence on government policies, even though they are try to regulate some policies, but it looks that freedom to determinial financial is the basic concept of the formation of crypto which is growing.

The impact of inflation will affect crypto's journey, even though it is not too large the effects, and if it is said that everything has an inflation impact, maybe some can say yes, but in the case of bitcoin it like very little.

Cursing other people is not a friend's solution, we don't speak in this context, but we will find financial freedom in bitcoin specification, if you can see the potential and opportunities.
While the risk cannot be separated from the scope of investation.
Stay Calm and Don't Panic !!!

Everything is pricey these days, the war and the pandemic
definitely dealt an ongoing blow worldwide. The effects felt
may differ but altogether it is getting bad. Gas, food, medicine,
electricity and water prices are way up than they are used to.
In my country, a lot are struggling to even meet ones daily needs.
I think when the war and pandemic is over, we might start to
recover in some ways or another. Then we will have to deal with
global warming, since it too has alarming effects on everything
and everyone everywhere.

I have felt inflation since Pandemi or almost 3 years ago, I lost my job, basic needs such as food continue to rise without control, and this is what makes a serious problem for my economy and finance, especially the state eliminates some important subsidies such as health so that the impact of inflation is very pronounced To me.

Just like people can cut down on electricity usage, am sure they can also cut down on stamp usage by making use of emails. In my country alot of people hardly make use of post offices. Alot of post office structures are now redundant and overgrown with grasses. Emails and other online services have taken over the duties of post office. Am speaking for myself, though I do not know how it works in your area.

Do these things still exist nowadays? Postal services wont really be that much relevant considering that we do almost have everything in terms of connection but there are indeed things which do still
stick into those traditional ways but not as rampant comparing into those good old years.

---

Speaking about inflation then better get used to it, year by year this thing becomes worst and its never been surprising that we've really been greatly affected specially into those
people who do only rely with one source of income which is from their job thats why it would be wise that we should find another source.

Probably none of us have never felt this rising inflation. Even the rich people have been struggling too. However, if we only depend on our own savings for the whole time, then definitely it will vanish quickly in the thin air. But if we start investing while working on our stable job too, we will always beat this inflation and may even create good earnings too

It is interesting when you advise cutting down the electricity usage. But is it possible to apply to every people in a country? In this modern life, I assume the need for electricity usage becomes higher. Most people use more tools that require electricity to help their daily work. Instead, to cut down it, people need more electricity usage. So, I'm not sure this way can be effective to deal with the current inflation.

Regarding the post office, it is also getting less and less function in my country. Sure, people prefer to use email and some other online services. There are also some private services thah have the same functions as post office nowadays. So, people don't depend on the post office anymore.

Looking at it the other way round, I don't think the rich folks do suffer with these inflations when you compared them with the poor men. I want to use my country as a case study: Most of the rich guys now have their investment protected with $$ and have them invested in developed countries where things are basically working on their palms, I know there is inflation everywhere but these countries know how to operate and manipulate their markets just to put things in bearest minimum compare to underdeveloped countries of the world. If they are to convert their investment back to local currency, they don't feel the effect of their national inflation because the $$ rate to local currency has been increased with and everything is been fair for them even if there are some little effects but the poor men who earn the same local currency for years and has lots of problems to solve are dying and crying inside.

In my country there are areas where estimated billing is the order, whether there is electric supply or not people get to be issued monthly bills. It is a bad practice and the government is not doing anything to stop such criminality and rape of its citizens. In such areas, people always leave their appliances on whether they are using them or not. But there are areas where the metered system works called the Pre-paid billing. It is a pay as you use method. In areas with Pre-paid billing, consumers know they only get to pay for what they consume and so they do not like leaving on appliances they are not using. It will eat up their credit loaded into the meter. That is what I mean.

I have felt inflation for the last 3 years, covid has disrupted many economic activities including the business I do, when the covid happened my sales turnover dropped by more than 80% and until now it still hasn't shown a recovery, inflation does cause serious problems for finances.

We might not see them getting affected but for sure they have also felt it. But, poor people are really suffering the inflation. It started when the gas price spike as everything went to follow the increase. Imagine a certain food product had an increase almost half its price, you'll gonna be asking what really happens in the market now? As this inflation will take longer, I'd see more and more people will be hungry and malnutrition.
Now, it was to realize how important is to have multiple sources of income to protect our finances in a situation like this.

Inflation is certainly felt immediately for those who have a small salary including me, many things that I leave for example the end of the month holidays, but every weekend I have to do many things like working extra to cover up increasing and uncontrolled inflation.

We are experiencing inflation yearly because our fiat money is slowly depreciating.
The problem right now is, it went very high that most of the people especially in the 3rd world countries aren't ready for it.

As for me, I felt it so much. Fare here in our country is higher than what it is a year ago because of the increase in Oil. Prices of commodities are going high because inflation is high. The unfortunate part is some of the people here in our country isn't ready for it and they are doing the best that they can just to survive. Some only eat twice a day instead of three. Some are finding a 2nd source of income aside from their primary income source. There are some who are gambling as well just to have money to be used in their daily lives which is the thing that I don't want to do myself. There are some who are just begging around the streets just to have money which is the sad thing.

Food prices increased because of inflation, and it is affecting all of us. The salary of most of the people here increased but not enough. I felt the impact of inflation but lucky for me, I'm ready for it because I have emergency funds that can be used if needed.

ABSOLUTELY!
I have to make the word in BOLD font as people in here are literally not ready. Look at how struggles, even those who were in the  average line financially have felt it. The rise of price in necessities caused  by the increase of price in oil.
High unemployment also adds up in the current financial burden. Though most of the people in the 3rd world country are naturally born survivor, but todays inflation really hurts everyones pocket  and stomach.

Third-world countries will only focus on survival. Despite lots of opportunities and job alternatives these days, if the value of necessities are continuously increasing, everyone will surely struggle. In our country, the crime rate has increased since this crisis started simply because everyone wants to continue living and wants to survive. That is one of the negative impacts of the inflation crisis. Unemployment rate is also increasing and the number of out-of-school youth is also rising because some of them just want to work since they can't sustain their studies. Everyone is in the midst of a crisis but I hope that everyone could find ways to live and survive the right way because this too shall pass and things will get better soon.

Foodstuffs are most pronounced in today's increase and obviously in this case will be a domino effect that will certainly be felt for several times because starting from Inflation makes prices rise especially in basic commodities which creates other problems such as hoarding of foodstuffs and obviously makes it is increasingly rare and expensive, not to mention the damage it causes to people in low economic strata who are one of the forerunners of the famine.
This is very difficult to avoid I think.

Everything is high this time, food prices, electric bills, petrol rate, and the rest of our necessities. And with these price changes, I think everyone is definitely affected with this never ending inflation. This is why working alone in our 8-hour day job job may not be enough to sustain all our basic needs. We need to have additional income, and of course investments that will provide us multi sources of income.

Unless money is of no object and one doesn't care, then we have all felt the impact of inflation.  It's just too easy to see in everyday life and it's ubiquitous, everywhere and we the consumer are at the bottom of the funnel getting dumped on.

This is good for you and great it is working out for you.  Yes, in some cases less is more but also during these time of inflation we will get less goods and it will require more of our money.

I couldn't do the same thing and that was a scary period. I mean think about living in super high inflation and then not earning too much more, earning about the same amount of money. Thankfully I arranged my life to spend less, but for a while it cost me a lot of money to do that, now I got a new PC as well which means even more debt, but I guess I can handle it and it shouldn't be a problem.

In the long run, we are talking about something that is terrible for people who do not have "excess" amount to shred. If you were already in poverty line, and inflation happened, that meant you were in starvation levels now and that was a horrible period.

Any spendings that do correlate on things that could make you possible to make income is something considerable.It might affect your overall savings for emergencies or funds been saved for common purpose but don't mind out that much so that you won't really get stressed out.We do have different ways and decisions in life in fighting and sustaining or surviving ourselves against inflation.It would be common sense that we should be finding other sources of income for at least try to ease such condition.Rich becomes even more richer and middle class pays more taxes and poor gets even more poorer.

This proves that whatever anyone can imagine is independent of global variables, he is delusional. International products are subject to prices linked to international price movements. Inflation, when it appears in the smallest economies of the world, has an impact on the movement of the local market, so that the regional market is affected, and in a developed stage the global market. This is a domino effect as can be clearly demonstrated .

I have been slapped in the face because of the inflation.
Believe it or not for last two years, I didn't purchase any new clothes, shows, cosmetic or any decorative item. I was so fond of.
But even after not buying for years. My cupboard are overflowing with stuff.
Minimalist is the new fashion these days - travel light - live light

The days go by so fast, and I hope this thread doesn't go out of style to get attention again.

I emphatically say that the government of my country has made several efforts that may indirectly have made many of its citizens feel the impact of inflation more severe. Of course they raised fuel prices even though they distributed a number of aids to certain groups who were entitled. But until yesterday afternoon, a manual laborer was still complaining to me about how bad this government regime is to its people. $10 may no longer be worth much when they want to shop for necessities, that's because the price of groceries has increased in the market.

Many people earn no more than $5 per day, this is clearly a bad economic condition for them. Improvements in economic conditions are highly expected, otherwise the problems of unemployment and poverty will continue to increase.

Inflation can never go unnoticed in today's time because all the world is suffering from this inflation. Specially third world countries where inflation has made life of people miserable and really difficult as they cannot even afford to buy basic food items and daily goods as price of everything is increasing. Either it's oil or its basic commodities everything is becoming out of reach for poor peope. You cannot waste your money on luxuries.

True, on my case and for the case of many other. Inflation is totally felt by many and that's why this is a world crisis that we can't avoid. Everyone is simply affected except the rich folks. From the poor to average people, we're all affected and noticed it.
Consuming goods have became expensive, continuous oil price hikes and it seems that it won't stop at all. While we spend a few bucks before, there can be many basic needs that it can be filled, now, you'll have to pay more because of the inflation.

Yes, when inflation is this high it is almost impossible to not notice it regardless of how much money you may have, after all since inflation right now is mostly being caused by printing too much money, the cost of oil increasing and the increase on the cost of imports, then almost every single product is going up while our salaries remain the same, now the rich and the middle class have some margin to maneuver but those that are poor cannot do that, so I expect social movements to emerge during the next months or years and some governments falling because of them.

Even in this case not a few rich people are also affected.
Regardless of anything, don't think that the rich don't care about their money because it's a fact that I think the rich are still very much affected by inflation.
Currently in my area a lot of people complain even from all walks of life not only the poor because they feel the difference in prices of some products, especially in terms of food and this is the result of rising prices caused by inflation.
Not a few of them are also rich people which makes me pretty sure that it's not only the little people who are having trouble now.

It's the number one thing that I discuss with my clients when financially advising from day to day.  Now more than ever is showing my clients how important it is to be diversified with your investments, to not be sitting in low earning/yield savings accounts year after year.  The truth is it's been a good lesson.

That said, it's killing me, my clients, my friend, the entire world.  The US is around 8-9%, this is a 40 year high for the US.  It sucks, I really feel it at the grocery store!

That's true inflation is affecting all the classes and sections of society no one can ignore this problem.  Difference is rich people although they feel rise in prices but they can afford basic commodities and food items. Poor on the other hand they strive and fight for food on their table on daily basis this is extremely alarming situation . The bills, the prices of living everything has increased drastically.
In many countries crime rate has increased because of inflation.

a few months ago I said that inflation had little impact on me at the time. but now inflation is really felt. Not only because the price of fuel or energy is increasing but because food prices are starting to make no sense.
but there is something that worries me is the price of vegetables in the market is really falling. many farmers lost. when the price of fertilizer continues to increase. but the yields have fallen drastically. I am worried that many farmers will stop farming. because it will make food stocks depleted and create a food crisis. different from the price of wheat which has increased. but the price of rice as a staple food in the area where I live now has not increased at all but has decreased slightly. so that there is an imbalance between the capital to cultivate the land and pay the costs of labor and fertilizer with the income from the harvest. So many farmers do not benefit from their agriculture.

So what I mean is that the impact of inflation is even now starting to be felt by the farmers. because I often chat with the farmers I know. and they told me about it. I'm even now starting to be frugal to be able to save in preparation for this inflation if it gets worse. I hope all my friends here have also prepared themselves from now on. because we do not know that this economic crisis will end quickly or will it last a long time.

Everyone eventually does, including the government, which prints frequently because the papers they print are becoming worthless, but what is riches if not invested?

I'd want to use my own country as an example: A dollar's value on the parallel market at this time last year was around 480/$; now, it is worth around 730/$, a rise of 34.2%. The inflation rate as of September 2021, was 16.63%, and when compared to the inflation rate of September 2022 was 20.5%, an increase of 3.87%. In my country, if a rich person wanted to protect himself from inflation, they would be (34.2%-3.87%) 30.37% ahead of it, and he would effectively have nothing to lose.

I know $$ has been shitty in his home, fighting inflation too but there are other countries who depend on them as a reserve and thus, they always used it as an alternative to stay ahead of inflation and it was the same CBN that was supposed to be helping people fight inflation that is making same dollar scarce giving people to exploit(smart move) this as a deflationary tool.

The worst thing about this inflation is that it touches already our emergency funds just to cope up with our expenses when it’s supposedly intended to spend only when there are unforeseen emergencies that are happening suddenly. So the thought about it made me more realized that what if this inflation will hit its peak and become uncontrolled, would people still survive? Well, maybe this would be the time that even rich people should also learn to balance their wants and needs, and these poor people will double their jobs just for survival alone.

I am traveling often in my country in several cities (from north to south). What I have seen is that big cities ("the richest") are seriously impacted by inflated prices at a strong level. Likewise in certain situation even "price doubled".
The same applies in touristic cities (likewise city of art or near the sea).
Minor cities, or "poor" cities have not this situation, sometimes price are the same for many services.

This inflation rates It's just speculation? I don't know but from my perspective I think this could be a serious issues for several people ...

In Europe, the impact of inflation feels different. Inflation rate is from 6% in France to 25% in Estonia (https://ec.europa.eu/eurostat/documents/2995521/14698150/2-16092022-AP-EN.pdf/741bf6b2-1643-6ff0-34e7-31522ce1e252?t=1663250111863). An average salary in Estonia is about 1k EUR and 2k EUR in France (https://en.wikipedia.org/wiki/List_of_European_countries_by_average_wage). Of course the impact of inflation will be different. I think people in Norway does not even feel any kind of price growth with their 5k EUR average salary and 7% inflation rate.

How do you handle impact of inflation? What expenses do you cut to lower the impact of inflation ? Eat less or choose lower quality of food or clothes ? Travel less?

The increase in fuel oil in the country where I live has increased, it has quite an effect on people from the lower middle class, why?

although fuel oil has increased, but their salaries have not increased,
while they commute to work every day using a vehicle, their finances will definitely be a bit drained, due to the increase in fuel oil,

not to mention the price of food also goes up, and that adds to expenses again.

that's how it is,
There has not been an increase in workers' salaries, but their daily needs are getting more and more expenses.

  Really good question.
 I just gave out about 50 merits on this thread.

How to adjust.
Find more work.
Side hustle .

Are good but we need to make a list of what are we spending on.
1) Food
2) Gasoline
3) Electrical power

Can we cut back on the big three above.

Well If I go to 4 Supermarkets to shop I will reduce my food bill.
But my Gasoline bill goes up
and It takes hours to shop at four supermarkets

How to adjust.
I am in the USA.
 Walmart has a large supermarket to drive to it and back = 8 dollars. Time spent shopping and on the line to check  out at least 1 hour.  If I forget something I need to spend 8 dollars in gas to go get it.

Walmart will deliver groceries . So 5 orders in a month say 100 each is 500

 zero gas spent vs 5 x 8 = 40
maybe an hour on the pc spent.
only go to two other supermarket that are close to me on the same trip 5 times a month say 20 in gas to do this.

So I drop my gas bill down to 20 not 60
Between the 3 places to shop I spend close to 1000 in food a month but it would be over 1450 if I did not comparison shop.

This is 12000 a year vs 18000 a year

Don't drive as much to my family in New York From my home in New Jersey this is now 100 dollar round trip vs 35 in 2019

So do 5 trips a year for 500 not 1 a month for 1200

I really want to cite this one because basically avoiding all the luxuries right now is the best thing to prevent more of the impact of inflation. Even if it doesn't help much, it certainly can prevent them from spending a lot of money on things that aren't much use.

The need for food should be a priority, I don't think it should be frugal even if the value continues to increase. Obviously there are several things that must be done to reduce the impact, such as not buying too many things that are not urgent, reducing luxuries, lifestyle and others. This means that one has to be frugal but they don't have to starve just to reduce the impact of inflation.

Today, my electricity bill is up 60% from last month. I don't think I've used it over capacity, I don't know how I should adjust this.

Well, the rich are making more money during the higher inflation or crisis because they've got a lot of stack of cash to buy those assets that are falling because of it.
And on the next recovery, that's where they're being rewarded when things have come back to normal and recovered very well. So, let's just say those incredibly rich are the ones that's making a lot and almost not affected and the rich that are down to their level are also affected but not a lot and far from the poor to average earning people.

In my country inflation is biting harder on daily basis consequently the cost of food and service had skyrocketed in the market, the common staple foods such as bread is getting out of reach to low income earners, bakers are complaining of high cost of flour which is majorly imported according to a report the Russian- Ukraine crisis was responsible for the high cost of wheat as result of non production consequently triggered the high cost of wheat, another imported staple food rice is also expensive thus people are looking for alternative cheaper staple food eg yam, potatoes etc,
Personally I am also feeling the impact of inflation the lion share of my monthly income is spent on feeding I hadly have any savings, I hope all the crisis causing the inflation stop as soon as possible.

As a diabetic all grains of all kinds are not on my diet.

So Eggs 1.59 a dozen in 2021 now 5.59 or 4.19 at walmart

Frozen broccoli 1 dollar on sale in 2021 now 1.79  or 0.88 at walmart.

all meat is 1.5x to 2.5x the price other than chicken drumsticks and thighs

Wait for a sale and buy 40 pounds for 40 dollars or no sale and pay 60  dollars

Nuts a big food for a diabetic are 2x the price.

Very difficult to find good prices and very important to do so. I now buy 25 pound bags of walnuts price is low enough to make up for the inconvenient size.

Well this is true, the reason they don't get much attention is that they still have some backup sources so indeed they can still hang around and say nothing. As for people with a weak economic background, it is clear that something like this is felt and feels like being faced because going forward can't even go back, so there is nothing to do but scream because they feel the impact of inflation.

After the Covid-19 crisis, now this inflation strikes again making everyone suffer the huge price increase. I felt how hard it was when you are a breadwinner of your family and it was hard to budget from a small salary. At this time, we need to budget wisely, even some of our necessities are needed to be cut off just to fit the budgeted amount.

I'd see this will not be over too fast, we still probably feel this inflation until the end of this year, and sadly make many poor people suffer the most.
I was very concerned about those jobless people, I'm not sure of they can survive if this situation will take so long or might commit crimes.

in my country too,, now prices are increasing again starting from clothing, food and so on. and what makes me sad and feel sorry for that is, for unemployed people who do not have jobs and income. surely they will be more tired in the face of inflation. and I personally can only hope that in the future the world economy will rise and advance.

I am pretty much sure everyone is feeling the impact of the inflation. It's no joke. Anyone that goes to the store to buy food will and does realize that the prices aren't the same and it is going up everyday. You won't be able to buy the same amount of food like you used to before with the same money. Unless you are super rich, this inflation is affecting everyone.
In the long run, the savings can never win against the rising inflation. You money will lose value if you don't utilize it properly.

The impact that is most felt due to inflation is the increase in the price of goods, especially the price of basic commodities which are needed for daily consumption. From the increase in basic commodities, the effect is also to increase the price of other purchases such as medicine and shipping costs.
In my area, the first thing that happens because of inflation is the oil price adjustment which is almost $1. Maybe for other countries the price of oil $1 is not much, but for most of our citizens, the price is not appropriate because previously it was only under $1.

Lately, you may have heard local news on TV and other online news on social media about the dark recession of 2023. Even economists in every country say it will be scary starting in 2020 when the crisis due to Covid 19 pandemic. Economically average businesses the average industry declines, and layoffs also occur everywhere.

It's as simple as this: suppose 30 thousand workers are laid off, and their average salary is around $300-$500 per month. Imagine 30K x $300/$500 = $9,000,000/$15,000,000 (the amount of money that should have been earned could be spent. If the amount of money is large enough, it means that the economy will not turn. This amount is only from the salaries of laid-off employees, whereas if followed by other companies, the impact will be more severe, automatically all business sectors, both trade and services will stagnate (economic conditions do not grow but the prices of goods and services rise rapidly).

Whatever happens, saving is definitely number 1 for survival as an emergency fund. Without the need to force yourself on income. Reduce the consumptive lifestyle, because for the sake of winter preparation (Survival mode). Less aggressive in investing, it's okay but to face a bad recession, aggressive investing is risky (reducing the investment portion). Because in reality today we struggle not to live a glamorous life but to survive.

It's definitely difficult when inflation occurs and we better start learning to manage finances,
especially predictions from experts that in 2023 there will be a recession, of course this will make economic conditions more difficult,
as much as possible to reduce unnecessary expenses

Supermarket and fueling were always the largest expenses in a household. According to my eBanking app, my greatest expenditure so far is at the supermarket, and the second largest expense is fuel. I would have spent a lot more than I've already spent if I weren't working in a hotel and eating there every day and if I hadn't used my motorcycle for the past year.

Thus, we're paying an average of 10–15% more than what we paid last year, which is unfortunately an understatement since inflation in some products, such as yogurt, milk, or meat, is way higher than in other products.

Don't get me started with fuel. 95 Unleaded petrol wouldn't have cost more than €1.60-1.80/liter before the energy crisis, which is still considered expensive. We're now paying €2.10/liter. Anything below the €2 mark looks cheap now.

They should have but they are not doing anything to increase salary, workers are still earning the same amount despite the high cost of living. If the government where concerned about the conditions of their citizens as they usually claims, they would immediately thought 5%, 10% or more increment to enable salary earners survive the high inflation rate to some extent.


Exactly, things have change drastically since the past 2-3 years what use to be sufficient is no longer close to being sufficient. In the past years, you can sustain yourself adequately with $300 and perhaps have some savings because the cost of living was not this high but that is no more the case.
Things has gone so high that one can barely survive with that amount let alone save anything. The government really needs to come up with solutions or increase salaries to support people in this hardship.

I have to tell you that, the government will probably do it, but I don't know how long they will fix it.

One of the facts that is common and not a secret anymore is, the government announced a loss and increase in foreign debt while poverty increased and many of them became rich since his leadership. It's no longer a secret, so I think they care more about themselves than people in distress.

Living in a third world country like me may not be as good as you and those living in developed countries. For example, I pay car/motorcycle taxes every year but the roads keep getting potholes and what's amazing is that most of the workers who dominate government services are volunteers who are only willing to earn $20 - $100+ per month.

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By the way, this thread is quite long and already has 160+ replies including mine. Honestly I have heard many stories and the impact you feel about inflation. I hope it gets better soon, and the government cares for those in need. This thread is locked now.