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I wonder how ordinary people around the world felt the worsening economic situation in their respective countries. I know that although many are very much aware of the soaring inflation, nothing has changed much in their day to day lives. I can observe that in some families. They seem oblivious of how the prices of basic goods and services are rising in double digits.

From my household, however, we can literally taste the economic downturn. It feels odd and sad that we have to sacrifice taste in order to somehow cushion the impact of the economic problems my country is facing. Onion here is already hitting $12.57 a kilo. Depending on the size, that's about $0.63 apiece. Cooking an ordinary dish for a small family requires a bulb or two. During this holiday season especially, we normally need tens of onions. That's not affordable anymore. So we had to greatly reduce the use of onions and try not to care about how the dish would turn out. On ordinary days, onions are even removed from the ingredients.

I had to share this here because it feels like the economic situation has already affected the most basic need of everybody. It seems insignificant because it's only a spice, but I thought that if the economic situation is already affecting everybody's taste buds, it could mean things are getting pretty serious.

I wonder, especially in other countries, how drastic is the change in your daily life that's brought about by this economic downturn?

Where do you live and what kind of giant secret recipe golden plated onions are those?

Walmart (https://www.walmart.com/search?q=onion)  (99.3 ¢/lb-$1.26/lb) that's max 3$ per kilo
Tesco uk (https://www.tesco.com/groceries/en-GB/search?query=onion&icid=tescohp_sws-1_m-ft_in-onion_ab-226-b_out-onion) 1-3 per kilp
Carrefour fr (https://www.carrefour.fr/s?q=oignon) from 1-4

I feel we're talking about something else, but I'm still curious about what kind of onion is more expensive than pork ribs or loin here.


Because in a lot of families not that much has changed, of course in some countries things are worse, but in some things are not that bad at all, it all comes to how much the individuals in those countries were spending on the items that increased:
https://www.weforum.org/agenda/2016/12/this-map-shows-how-much-each-country-spends-on-food/

Europeans that spent 10% on food with prices doubled, now they would have to pay 20% of their income.
For the countries on the bottom of that list, a doubling means from 40% to 80-90%, the same is for different families in the same country, if they had the means previously they won't feel the pain that much now either.

So far I haven't felt anything significant from price changes, from staples or anything else, because maybe in my country inflation is measured at 5% so I don't feel like I have to spend any more money for basic kitchen needs like the price of shallots which are still $ 2.8/kg and Onion (large) $1.7/kg, so I think in my country it's still pretty stable in terms of price, but what's more difficult is the increase in the price of vehicle fuel and cooking oil. In my country, the increase of these two commodities is more pronounced which is also a need that is considered basic for food activities and serving. the rest are still relatively stable in terms of price.

I also wonder where the price of onions is so high, and I guess it could be somewhere in Asia considering that the price for the Philippines (September 2022) shows $6.74 per kilo. (https://www.globalproductprices.com/rankings/onion_prices/) It seems that for some reason the price of red onions in the Philippines is skyrocketing, and whether it's because they didn't produce enough or they have import problems is still unknown.

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As far as food is concerned and red onions specifically, I have my own that I produced last year, and for about $3-4 dollars of seed I produce enough for my needs throughout the year. There is no doubt that food has become more expensive, this was definitely seen this year during the shopping for the holidays, because I paid for everything from 20% to over 100% more than a year ago.

Inflation is soaring and we will feel the consequences soon.
Using the moneyprinter very liberal always results in peoples hard earned money losing its value  :( basicly people in power
take what they did not earn.

Happy new year everyone. This is a very relatable topic because I am from a country that it’s economic situation is lavishing in the mud, it’s quite understandable that the world is having difficult economic times but my country is amongst the worse and that is because of how the economic situation is now.

This festive period even saw my country that export crude oil out of the country has to very close to doubling the price of gas recently.

For an average man it’s getting more difficult to live and also worse when there are family responsibilities hanging on one’s shoulders.

I'd assume it was import based issued that means that onions cost more.

I'm not sure the UK and France are good comparisons for onion prices as I'd assume they'd remain pretty stable since wild garlic is abundant in the UK (to an extent apparently a lot of people didn't eat it before the 80s because it was considered a weed).

@OP can you work out why this is happening? It's possible to grown onions from parts of onions so you might get away with doing that to keep a supply going for you to be able to use if it's going to last quite a while (though apparently they take 4 months to grow).

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I was buying quite a few electronic items over Christmas and it's surprising me they've become quite a lot cheaper and I don't really know why. Perhaps this is companies still trying to sell things or getting cheaper transport fees because they're devices are small compared to other items that are being moved (a computer is likely much easier to transport than flour, grains or meat).

It is quite frustrating and at the same time worrying.  As the sole earner of the family, I am worried that my salary isn't enough for our basic needs due to the price hike.  We used to be able to save some money but now even our savings had been touched because of this price increase.


We already feel the consequences, the value of our money and its purchase power is already in a decline. 


I also could'nt remove the possibility of some merchants hoarding the item to inflate its price.

people are very upset firstly due to the health issues and that on going COVID and other disease
and secondly the prices of all the eatable items has increased to the extreme and they are beyond the reach of the ordinary person.

Pretty sure a lot families who previously bought everything in bulk are now just opting to buy in retail in order to "save" or not spend too much on one thing and still have the budget to spend on the other. Luckily for us it hasn't come to that point yet, but boy it's ridiculous how much every single item costs nowadays compared to its previous prices.


OP is surely from the Philippines. It's crazy how onion is much, much more expensive than that of the main ingredients for a basic meal. We in the upper middle class even skipped meals that require onions in order to complete the recipe. That's how things are currently here, and the government is adamant that there isn't some kind of hoarding that's going on nor the onion sellers are banding together to create an artificial shortage of a commodity that can easily be farmed even at the comfort of our homes.

We just planted our own onions in our garden hoping to be self-sufficient when it comes to these simple spices that can heavily be controlled by traders at will.

Hereis an article from CNN Philippines (https://www.cnnphilippines.com/news/2022/12/28/red-onion-prices-700-per-kilo.html) outlining how bad the current situation is. Prices of onions per kilo doubled almost overnight just because of the holiday season.


That's the crazy part. The country is known to have very fertile soil apt for growing onions all year round, except during hurricane seasons but still, there are loads of farmlands wherein you can grow onions without a problem. A lot of crops, vegetables, spices, and literally anything that a farmer can produce here in the Philippines, we now import. According to official reports from the government, the country didn't produce enough onions approaching the holiday season. Imports are also not that good hence the limited supply. Onion is a very important commodity in here, especially during the holidays, and so a lot of people are speculating that this is an orchestrated attempt to gouge the prices in order to make a huge profit off of the situation.


I heard electronic components became a lot cheaper and readily available in 2022 compared to 2021. If they were really cheaper, PC parts should also be included but unfortunately that's not the case, although the prices of GPUs and RAMs were relatively cheaper compared to 2020 and 2021 that's for sure.

Don't feel depressed and hopeless with current conditions or inflation, because you can find your own way that might be very different from other people in dealing with inflation. Because if you are a person who has a permanent job or a special job, you will still get a salary even in conditions of inflation, every expenditure must be seriously considered before we experience a dying condition because we have no money. So don't be sad if there is work you can still do at this time that can help you fight inflation for yourself.

I do agree with what you are saying. Everyone is complaining about inflation. Everyone is complaining about their grocery bill. So you would think people would cut back on luxuries like restaurants or vacations, correct? No.

Restaurants are packed and people are still travelling. So basically people go on their day as usual. I think this might have to do with the fact that job market is tight. People work overtime because employers have trouble finding workers. Hence they make more from their current job. Or they get a higher paying job which is paying more due to the worker shortage.

Yes, agree with you, the economic situation affects everyone's taste.
I am currently forced to eat less sugar, fewer spices, and fast more so I don't spend more money to buy stomach needs.

The food crisis and rising energy prices have affected the price of every form of food and clothing, coupled with an increase in inflation, the price has increased by 30-70% from the usual price. I just hope that everything will stabilize again so that I can save money again to buy Bitcoin, my bitcoin savings that I have sold, even at a loss, because yes I don't have any more money to cover my needs.

I hope that in 2023 everything will return to normal as many have hoped.

I believe he lives in the Philippines. Perhaps for some reason onions are not produced much there and that is why they are more expensive.


In general, with inflation in many parts of the world, prices have gone up, and if salaries have gone up, in most cases they have not gone up as much as inflation, so people have less purchasing power, and what they do is reduce expenses. Another thing that has happened is that the main payment that families have, which is usually housing, has also risen due to the increase in interest rates. Those who had a variable rate mortgage have their payment increased with the revisions, those who take out a mortgage now also pay more for it than a few months ago, and to a certain extent this is also transferred to the rental market.

In the end, people have to do the same or more with less, and that is what central banks are looking for, lowering demand to lower inflation, which is done at the cost of the suffering of families.

That is why it is good to keep Bitcoin, although now it has fallen, in the medium and long term it maintains and even increases the purchasing power quite a lot.

Personally, I don't think this year is going to economically better that year, in fact I believe it might be worst, especially for developing countries. The inflation doesn't seem to be going down anytime soon. Funny thing, it doesn't affect everything the same time but after a three month period at least a dollar has been added to the price of almost everything.
And in developing countries, the price of petrol has a domino effect on the price of almost everything.

I believe it depends on where we live, I live in the countryside, and all of our daily meals are self-sufficient, so we don't feel any change from the economic crisis. Most people in my village never talk about crises or recessions, and they don't care about what's happening in the world. The most significant change that we feel is the price of gasoline occurred at the beginning of the year when the war was just starting, but by the last months of 2022, gas prices had also decreased somewhat.

The price of "energy", Gas, petrol, diesel and kerosene have all made an impact on
people's day to day living but let's not forget the effect the banks are having on most of us.

Banks have raised interest rates to curb the growing inflation which means anyone
with a loan or mortgage is paying more now than this time last year and this is on top of
the added expenses which inflation brings.

I am very surprised by the price of onions. For my country, this is just a cosmic price. If we compare all the products that have increased in price, it is the price of onions that remains the cheapest, although this particular vegetable is very popular in cooking in my country. And yes, the rise in food prices, compared with the prices of electronics, for example, has been very large. Today, it is easier to buy an extra phone or TV than to buy necessities, namely food. Wages remain at the turn of 2020, although everything has risen in price for a long time.

If only imported onions entered the country, the price would have been low. If I'm not mistaken, imports of onions were withheld for the reason that local harvesting usually starts in the 2nd week of December. That means local supply will flood the market and such abundance is supposed to bring the prices down. To everybody's surprise, however, the price continued to rise even at the end of December, and until now. It's almost hitting $13 a kilo.

There are various reasons cited. Again, there's the decision not to import. Another is hoarding and price manipulation. There's also the fact that it's holiday season, although the price has already been rising for months. As a matter of fact, just 6 months ago, a kilo is only around $2. But of all the reasons cited, none is convincing enough. I suspect that a few powerful people up there are benefitting from this that's why they prefer to keep it this way. And even though freshly harvested onions are coming in volumes, the price won't easily go down. Back when a kilo was worth $6, middlemen were only buying it from actual farmers at $0.50.

I'd say this is largely about the government sitting on its job. And it's probably intentional. The price has been rising for months, and I can't feel any urgency from them. The chairperson of the senate committee on agriculture just brushed the issue off saying she can live without onions. This is the same old woman who just encouraged people to reduce their consumption on rice when its price soared intolerably high.

Such people have no sympathy for other people, and that is why her statements should be well remembered and everything should be done so that in the next elections she and her party get as few votes as possible. However, I hope that people will still learn from everything and realize how important self-sufficiency is, so even though it is unrealistic to expect that anyone can be 100% self-sufficient, anyone who has a little land can produce vegetables such as onions, potatoes, lettuce, carrots and parsley and many other cultures that do not require any special knowledge or too much effort.

Generally, I would say in most part of the world, the ordinary man had greatly felt the impact of the hike in the price of foodstuffs. Inflation has been slowly creeping into our various economies and the hike in prices doesn’t affect foodstuffs alone.
 
Although, the prices of foodstuffs have significantly increased in my area, I think the price you’ve got to pay for a kilo of onions bulbs are ridiculously high.
I also think the prices of goods and services are somewhat increased during any festive season, perhaps due to the increased level of demand.

Overall, I think the ordinary man greatly feels the impact of the economic woes and downturns. I consider myself to be an ordinary person and my pockets have certainly felt the impact of the creeping recession and economic woes.

What is the standard for measuring inflation in your country? The prices of one product, such as onions, cannot control the general mood of the market.
According to the International Monetary Fund, there are four historically important drivers of food commodity prices: decline in global crops, the main interest rate of the Federal Reserve, increase in fertilizer prices, and increase in oil prices. Other than that, they are factors that lead to speculation in the price, including temporary changes in the price.


you can read full report and source
Source: https://www.imf.org/en/Blogs/Articles/2022/12/09/global-food-prices-to-remain-elevated-amid-war-costly-energy-la-nina

I understand how difficult it is to live a normal life today. Everywhere you look, prices are rising. When you cook, the food ingredients aren't complete, therefore the flavor you wish to create isn't available. If this continues for several more months, I'm not sure how to allocate my income.

Oh boy, I assure you people remember everything, but slap them with $$$ and suddenly they'll forget everything. That is why the Philippines is fucked. The current chairperson of the Seneate Committee on Agriculture  is a businesswoman whose ventures focus mainly on real estate and housing/subdivisions. There was even a comment from her that farmlands can easily be converted into subdivisions, and the sellers of those farmlands can buy land that is cheaper somewhere else and then plant crops. You see, the government here is like a legal mafia that plans to rape the resources of this country. Even if you have competent people at your disposal, if these people are your bosses, you will not have a voice and your expertise will be a waste.

There are tons of comments from the agriculture secretary that are just foul from an agriculture perspective. She treats everything as a business, and agriculture to her is nothing but a way to make money. She doesn't even know how to plant crops and that there are certain regions that can only grow a certain crop, and that it varies depending on the place.


Except that we have been in this situation for months. The onion bulb situation has been going on for 3 months, whereas the rice import issue has been going on for years. Just imagine being one of the largest producers and exporters of rice for decades and suddenly, you fall off and has been overtaken by the likes of Vietnam and Thailand which has significantly lower fertile lands good for rice planting compared to you.

The deterioration of the economic situation in my country is not the biggest problem....

As for the economic situation, inflation is very high in my country.  As a result, many people are starting to save on food, clothing, and household items.  People are more likely to repair shoes than throw them in a landfill (as they used to do).  Some imported goods have disappeared from sale. 

However, the range of goods cannot be called scarce. 

The rise in the price of goods leads to the fact that it is profitable to stock (buy a large number of goods without waiting for their price to rise).

The only thing that we can do for now is to pray that this soon shall pass but other than that, we can do real time actions like budgeting. If possible, eat only two meals per day. If some ingredients or vegetables are expensive then why not try to plant on our own? Maybe their seeds are also costly a little bit but it's going to be worth it when they grow because we can harvest more than if we will buy piece per piece on the market.

It's not only the price of the goods are rising but the electric and water bills are catching up as well. We can also do something about them to save like avoid using washing machine for now but just do hand wash. We can also limit the use of aircon and electric fans.

This of course shouldn't be the reason but it would be for sure the cure!

We have experienced the same price scare with sunflower oil in Europe, hoarding, people panicking and importers asking for huge prices but, immediately in a free economy the laws of offer and demand started kinking in, and rapeseed oil started to enter markets that used only sunflower, imports started to look very profitable form other countries, as soon as the profits from doing so looked juicy then hundred of tons hit the market, from 5 euros per liter it went down to 2-3, slightly above the prepandemic prices.

Now look at the differences here, even assuming I would fill a 10ton truck from a chainstore so no producer prices, I would pay 15k euros, I would spend 5000 euros on gasoline driving from Paris to Manila, rent a boat for another 5k, all the time stay in 5stars hotels, so that's about 30k euros but I could sell my cargo even at half of the price 6e/kg for 60 000euros, so that would be a net gain of 30k euros using the most ridiculous and expensive way of shipping goods!


I quoted US walmart prices, too, the max is 4$ for the best batch in Woolworths   (https://www.woolworths.com.au/shop/productdetails/124751/woolworths-red-onions) Australia, and ~3$ in stores in Brasil (https://www.supermercadosreal.com.br/loja/produto/cebola-roxa-1kg-8245/) when the whole world has 1/4 or 1/6 of the price something is wrong there.

I've checked some random prices in superstores in the Philippines, and there is no such difference on anything else.
This is not something triggered by inflation, this is something local done by stupid politics.

With every product, today having to be shipped to deliver and gas prices skyrocketing, it's expected to see prices drastically affect daily lives.
Importing Onions can be a solution, especially with Chinese onions, they still are big suppliers of just about anything and cheap as well.

It may affect the farmers in a country but this is at least what the government can do to maintain stability. Onions are necessary for cooking, heck every day we eat onions. We could go to war for onions.

I think people are definitely more fearful, stressed out and depressed today than they were back in 2019.

In terms of basic statistics, the number of people who are living paycheck to paycheck has increased dramatically. Average credit card debt has definitely risen while the number of people with full time jobs who can afford average cost of rent has steeply declined. Life expectancy has made a severe downturn across the globe. Crime, violence, suicide and homicides are all on the rise.

While the majority of people probably do not follow the news or current events closely enough to immediately register everything that is occurring. I think little by little, the harsh reality of it is setting in.

I remember buying a 2 liter bottle of soda for $0.99 back in 2007. Around 2015 the cost doubled to around $2.00. Now in 2022, the cost is around $2.70. While the majority of people definitely have not been lucky enough to have their living wage near triple from 2007 to the present. People are getting further behind. Living costs are growing at a considerably faster rate than wages. Even if they're not consciously aware of it, on some subconscious level I think they're definitely feeling it. And it can't feel great.

People like me who have always been curious enough to follow doom and gloom headlines, had more than 15 years to get used to the idea that my future might be somewhat screwed economically. And it is still not the easiest thing to deal with. It must be so much worse for those who thought they were special, who believed things like inflation could never happen to them.

IMO if a person is oblivious to soaring prices, it can mean two things (at once or one of them). One is that this person is quite financially secure, so the price difference isn't making a big impact on one's purchasing power. Another reason is that a person is living in a country where inflation is allegedly high, but it's not that significant. I didn't notice rising inflation in the UK when it comes to groceries, but I noticed it a lot when I got back to Ukraine and can see how prices are really 1.5-2 times higher than a year ago. That being said, from my experience with inflation, prices don't rise equally. If they changed significantly, and you're on a budget, you will have to spend more than before, but you can reduce the spendings by looking closely at prices of products. Maybe something you used to buy every day is now very expensive, but there's something else (or even basically the same thing but from a different brand/in a different supermarket) you might like that doesn't cost too much. Exploring new foods and looking for substitute dishes to cook can help overcome the challenge and also make it less of a tragedy and a bit more like an adventure.

I felt the same thing when I used to buy a bottle of water before going to the gym. It was 2003 and the price wasn't really going up in 2004 and 2005 but then one day I went to the same store to buy the same bottle and the price was up, a few months later it was up again. Nowadays it costs more than twice what I used to pay in 2005 and it's the same water, they're not going to run short or anything. They were taking it from a well in the mountains for the last 100 years or so. The only reasonable explanation is the government doubled the money supply in the last 10 years and everything went up accordingly.

Everyone will face the same situation but it depends on where they live. What I think is not really touched by this crisis in terms of food is the people who live in villages and still rely on natural products for their consumption. Many of my relatives who live rely on agricultural produce and they don't have much trouble when it comes only to spices and other kitchen needs because before a situation like this happened they also relied on that and you could say they had their own garden.
Indeed I would not say they will not feel the impact of what is happening now, it's just that they won't be like most people who have to buy every day for kitchen needs.
The thing I'm thinking about right now is to make a simple hydroponic garden. Looks like it will be interesting.

Things have not been that easy with affordability in meeting up with the daily needs because of the poor economy all over the world whereby inflation impact has created fear to what tomorrow may be, it has been a race of the survival of the fittest, things have gone so badly that obe has to almost lose hope in restoration back to the usuals, the economy downtown is what has been created unnoticed ever since the pandemic closedown the shut down many businesses and now we are beginning to see the effect of it since the past years.

The idea is that if you pick people who will listen to whoever bribed them, or their party, or their ruler whoever depending on the nation, then you could tell them the most logical argument ever and they will return with silly stuff like this just because they want to listen to who has their ropes.

I know a politician that once said "Flood is not that bad, it cleans the streets from dirt", yes FLOOD! and that person was trying to follow their party leader who refused to talk about it. So, you could never expect people like this to make sense, they only say or do what they are ordered and they can't do anything else at all, do not have a single ounce of remorse in them.

A lot of changes have been happening since the start of pandemic and until now that the inflation has become uncontrolled already. Yes, even spices here in our country have been consistently increasing its prices too so we just need to adjust our taste buds, otherwise we won’t be adding spices anymore, lol. However, there are certain times too that those prices have been controlled but with the holiday season that we have recently faced, it even boost the rising of prices for all our basic necessities and even in services.

Indeed, we are now on our survival the downtrend of the economy is being affected and we are all witnessing how tough life
after that close down when pandemic hit each affected country.

We need to find ways to combat the inflation and try our best to survive, the growing increase in terms of every product that
we needed in our everyday life.

Things that we needed to have just to survive, it's fearful but we don't have any option but to go with the flow and stay alive.

The worst part are the changes in the emotional side of people. It's terrible to compare previous years and conclude your life quality is decaying. For us, human beings, it's not normal to decay, since we are constantly fighting to thrive and prosper in every aspects. Then we see people sad, angry, bored, annoyed, hopeless. The incidency of conflicts between each other and mental diseases increase considerably.

In my country, we start to feel hard days after the government raised the fuel price and removed some subsidies. This decision triggers a significant increase in the prices of basic necessities. Moreover, the issue of recession makes a further price increase since the number of some goods/necessities are decreasing a bit. I suspect people may start to consider stockpiling goods as a crisis precaution. I assume this situation will trigger the price to skyrocket if there is no proper solution from the government. As the result, my family decreases monthly spending allocation, as a preventive way if the bad economic crisis continues.

- https://www.voanews.com/a/indonesia-hikes-fuel-prices-by-30-cuts-energy-subsidies-/6730301.html

It's all about adjusting and I want to think one of the sectors that was really hit by this economic  caused by the Russia Ukraine War is the energy sector as fuel prices went up but with time should stabilize.


If we apply laws of supply and demand to this, am starting to wonder just how easy is it to grow onions back home because these are crazy high prices unless these are some kind of special onions in your home town, and how much of a price jump has happened before the economic crisis because sometimes trader's could also be causing artificial shortages to earn more money fraudulently!

Covid, fuel prices going up etc it's all about being more resource conscious these days but I think we all have gotten used to it and live like nothing ever happened which is the funny things but am hopeful things will get back to normal ..

With time we need to progress, for which the human living standard is getting downturn. In my country we've got a saying we should know to live in all conditions. When you're in good wealth you should know how to live, same is when you're left without anything. Right now this should be a learning for us to keep ourselves prepared to experience any sort of situation and lead a better life.

Agreed. In my hometown, I don't feel much different except the increase of gasline prices. I guess we are lucky to be this but in most places, prices have gone up due to the economic downturn or post-epidemic recession. Countless people lost their jobs and the inflation is getting worse as you can feel it. The problem is not now but may come later in the near future. What can I say ? Hope for the best and prepare for the worst.

This is a domino effect and the consequences of this we will see for a long time. Inflation will lower the standard of living for many vulnerable segments of the population around the world, it is already becoming tangible for everyone, but most likely this is not the end, but only the beginning. Price increases will occur, or are already occurring in several stages, and in the end ordinary people will suffer the most from this.

Many businesses are cutting jobs, many people are losing their jobs, and this will only make the economy worse. Some countries with strong economies will be able to survive this more easily because they have good social programs, but for many it will be a difficult test.

That is true. We have to be prepared for every kinds of situations in life, although it's easier said than done. The currently downturn in living standards has to be seen as a challenge to be overcome, instead of a sentence, as most of us see it nowadays. I believe that is how we can find strength in ourselves to continue living with will and energy against all the adversities daily life impose to us.

Despite prices skyrocketing at supermarkets and services getting more expensive, it's still possible to build superior income if we seek for it, through a process of improving ourselves as professionals for the job market.

Good God keep us away from those rates of onion. I don’t know but I can’t digest that rate really. In my country (farm producer), that would be the market rate for entire carrot. Idk, a carrot would weigh around 20-25 kgs. That’s almost similar rate as to what @stompix mentioned in their post. That’s definitely alien onion. Plus there is no dish (almost) in my country which doesn’t have onion in it. It would taste like I’m eating an empty dish.
Anyways, yes there are issues around the globe, some countries are affected more than the other. But those rates are terrifying. By the way rest of the daily things are still normal in Asian countries. At least that is what news telling us.

I tried to google where onions would be $12 but i guess those prices aren't updated in the net yet.

https://i.imgur.com/ROkRnp1.png

I had to google reasons for Croatia and Philippines being on the top and got more accurate results. Unsurprisingly it's inflation. (on those countries it seems to be especially bad)
https://www.total-croatia-news.com/lifestyle/62778-croatian-inflation
https://filipinotimes.net/latest-news/2023/01/02/red-onions-prices-in-the-philippines-soar-to-p650-per-kilo/

My life has changed drastically as well. Not only i managed to mess up exiting crypto in time so i had some savngs, i lost rest of that money to electricity bills and food. (Well almost everything)
Food cost in Finland has doubled too. yet we have onions for something like €1.2 a kilo right now. Now i feel i have to appreciate onions more as a luxury item with garlic and oil.

Very true on all frontiers. Although I do feel onion may be affected by changes in seasons, I.e., climate change that occur seasonally. Hence, a contributing reason to why it is quite unavailable and expensive. Subjecting onion to the only ingredient or item suffering from the economic downturn is being partial, because almost all facets including energy, health care, transportation, is a victim of the economic downturn too.
The economy is quite poor as regards the increasing cost of products and services. Hoping for it to be better is the prayer right now.

It depends on the country, because i believe that a country the commodity of things is going up and down is determine directly because of the management of the country economy, an economy of a country is determine by the management and especially by the currency value to another country where they import their business, that should be one of the major thing that behind the inflation of a country towards the areas of getting something.

Stocking goods may be considered a smart idea but for those who are living in poverty and even hardly eat 3x a day, that would be impossible to happen. That’s very saddening to see people around starving due to consistent price increase of goods. I’m just thankful on my part that despite of this unstoppable inflation, my source of income can still cater and sustain the basic necessities of my family.

It would have saved you a headache to look at a chain store in Croatia and question the numbers in that table than search for reasons for made-up numbers,
https://www.konzum.hr/web/products/luk-ljubicasti
The price is 1.19 €/kg and I don't know where the guy who made the table got his numbers from, you can't have prices six times bigger in a country with open borders compared to its neighbor, unless you're Monaco  ;)
Seriously, Slovenia 0.73€,  Croatia, 6.32€ ?

Anyhow, Lucius has posted here, so if he returns he might clear another mystery or myth of the magical red onions that somehow have become the center of the universe!

LE
My bet is on the exchange rate change, 6.39 kuna is around €0.83 so that would be far closer to actual prices and since Croatia switched to euros it messed up the whole table.

To officially insist not to import even if the sufficiency level right at the source itself is 0% is absurd. That's an insensitive decision. Well, the rich leaders up there can't feel the shortage because they can have much of it regardless of the price.

Of course, importation would have to be balanced. Importing onions, which are much cheaper, could significantly affect local onion farmers. But at this time when even local producers have zero supply? When the price per kilo more than doubles the price of pork, beef, and whatever meat? This is simply ridiculous!


You pray for good and responsible leadership instead! That is all there is to it. The price of ordinary red onions, not alien ones from Mars, rising too high is just a symptom of a worse illness.

Indeed, there is almost no dish without onions. Even an ordinary sauce here should have onions. Sadly, that's already history for many.


You can actually hunt for cheaper ones. But they're usually of lesser quality: small ones, old stock, starting to rot, and so on. Location is also a factor. But even at $11.62 per kilo, which this news article reports, it is still very expensive. For goodness' sake, we're already at the top even at $6.73 a kilo. But it didn't stop from there. It continued to rise.

And it's not just about inflation. This unbelievably fast rise could only happen intentionally.

I'm sorry to hear about how the current situation and exploding inflation is effecting you and your family.  I think the truth is, however, that it's effecting people a lot more than they realize or are currently willing to realize.  Most of my clients understand the impact inflation is having on their bottom line, but really only so in the very short term, and they simply aren't making changes that are necessary to not effect their long-term.  What I mean is most are willing to spend more than they should be, and it will effect them hard in the long term, in my opinion anyhow. 

I just came back from a travel 2 days ago and went to a mall and I'm agreeing with what you said.
Many people still are going to a mall, spending some money buying some stuffs even though the prices are really expensive. People are spending almost the same as it was a few years ago when the inflation is still aren't that high. Nothing really has changed with how people are spending their money despite the rising prices of commodities and the things that we need.

We came from the same country, and I already feel that the prices of Onion increased that much that there are some people who are preferring either to lessen the number of onions that they are putting to their dishes, or to not buy onions anymore.

I know OP that you know what happened to the price of Chili years ago :D. It's the same as this one and there's not much difference on it. Prices of Chili at that time spiked to almost $20 per kilo IIRC. Now people are posting pictures of Onions painted with gold color on Facebook. :D

I felt the downturn of our economy when we tried to budget our money to have some food to eat this Christmas and we saw how expensive foods this year are. Last year, we can make at least 7-8 dishes in Christmas but this year, we used the same budget, and we can only make around 3-4 dishes. The effect of inflation really is too much especially for average people who are working just to have money to be used in their daily lives.

The good thing though is that inflation in the US is going down already and that affects the global market. Even though I don't expect that 2023 will be a fruitful year for everyone, I'm not expecting as well that 2023 will be as harsh as 2022. My advice to other people is that, as much as possible, be frugal and save money and if you can, invest as well.

As people in the crypto world we may end up with something much better because we are making more money here working in niche skills required works and that's fine, and that's why we may not feel the worst end of the economic downturn.

For the past 1 year or so I have been barely surviving in a nation that had 14x higher debt in 2022 than in 2021, that should tell you how much it grew. We actually broke our record in history, sure maybe back in 1523 or whatever there could be a worse year but books were not kept, in the history we know, this has been our worst year, even worst than 2008 crisis and I have nearly zero debt, but that doesn't mean economy is good just because I am fine.

You would be considering yourself fine if you do able to survive out these economic downturns where commodities and services do rises up their price or value.You wouldnt care less if you could able to buy instantly
without having doubts since you do know that you are financially capabled.This is the main positive result into those persons who do able to find out other income sources and wont be stopping and trying out their
best on making it diversified as much as they could to potentially be not able to cut off these sources which it would be resulting into revenue which could make out things to be posisble
and not a problem when you are trying to spend or buy into something.

Well, regardless of this high inflation, and putting the price of onions highly increased, I still don’t see and experience lots of changes in my own country. Majority of the people are still in the mood of spending, but maybe a lot wiser and smarter to only buy things that are only necessary and eradicate all those who are useless. And saving this time is a lot more difficult to achieve especially for those who are earning minimum rate of wage.

even my country has experienced increases several years ago before this inflation. so many people complain, moreover many people support their families with wages below the minimum, with this pressure many people choose to end their lives to avoid this misery.
I'm more sorry for the children who feel this impact where they don't feel an adequate life for their parents whose minimum wage is because they can only buy basic necessities. I'm sure we can all get through this together.

Even in times of trouble, for sure people will still shop if it is a basic need for them. But they shop as sparingly as possible so they can survive in difficult conditions like this. What's more frightening is that this inflation can spur crime to be higher than usual. Yes, this is more frightening, because usually human logic will be confused when faced with difficulties and that causes them to do anything that justifies any means to get what they want (to make ends meet).

Obviously the prices of a lot of things have gone crazy. The economic situation in my country is that prices of most of the things have doubled since the previous year. Most of these things are those which are necessary for survival of any person. But somehow I feel even the incomes have also increased somewhat in my country of most of the people so this isn't affecting everything that badly until now. Also I am surprised to hear about onion prices in your country $12.57 is like crazy. It's more like 12-13 times the price we have here.

I want to believe that everyone is affected either directly or indirectly by the present global economic downturn. It is even worse for people in developing nations because. Over the past 2 years people in my country have experienced the highest inflation rate since the history of the nation. Prices of common commodities have increased more than 4 times. The most painful part of it is that we are powerless, complaining or ranting on social media is  little help. I do not angry or surprised any more because I already expect the price of the item to add a few cents the next time I visit the corner shop.

You are not the only one, I am in a good economic position however it is not as if I am unaffected by inflation and I have been forced to make some changes in my habits when it comes to purchasing groceries, before inflation went up so much I not only bought the same products but even the same brands regardless of the price, but now I do take the time to compare the prices among the different products and pick the one that still offers what I want for the lowest possible cost.

I would say that in every changes, the effects will also be visible. But when it comes to increasing prices of these basic commodities, no matter what we do, we cannot avoid it but rather adopt it instead. And maybe saving some extra money could also help, and not buying those that are not of high essentials. It’s okay to spend, but make sure to spend it wisely.

It takes guts to survive these times. So many people are suffering and struggling. The stress and strain it causes in family relationships shouldn't be overlooked.
Someone who was recently affected by the downsizing in his company has turned to alcohol to ease the pain as he has to deal with a nagging partner each day supplies in the home depletes with little or no hope to restock. He has taken to doing odd jobs just to make ends meet. Yet the jobs are nor regular. I hope this ends soon. 

I think regardless of the issue of onions and incompetent local politicians, the price of consumer goods has gone too high beyond reach.

The '08 global economic meltdown was self inflicted and really was fault of financial giants gaming the housing market until it came crashing down. Inflation wasn't as high back then as it is now so entering a period of stagflation with most currencies inflating beyond wage growth just means the upcoming recession will probably be more painful.

Why most economists predict a recession: https://www.cbsnews.com/news/recession-coming-2023-economist-predict-nabe/

Recession is one thing. Recession with food shortages is deeply concerning.

If memory serves me right, limiting importation during (or right before) harvest seasons to help out local farmers is one of the campaign platforms of the incumbent President.

There are some stores (Gov't Project) in the Metro called KADIWA that sells red and white onions for ~$3. Those came directly from the farmers and that's why they're cheaper. That's still a short-term solution and one politician (Pres. sister) claims that the farming system and the distribution methods needed to change. She's probably right about the farming system but I don't know about the distribution. From what I know, the farm-to-market roads have greatly improved the past few years.

I haven't felt it yet. But food prices are rising fast. If possible, I really want to have a piece of land where I can grow some vegetables for myself. Seems like the price of anything keeps going up right now. There is nothing we can do. Our purchasing power is gradually declining. Someone is working three jobs a day to make ends meet, and I'm thankful I still have some savings.

Government can fight inflation if they want, however the Government in where we live doesn't really care about its citizens suffering from inflation, all they care is how to make more wealth from their citizens by creating laws and projects that are not even related to solve the current problem, (no offense if you're an apologist), just stating facts.

May God helps us all. 5 years until the election will happen again, so I hope we learned something and not keep on being close minded.

My area has experienced too much in the past two years, and I spent a lot of time avoiding viruses. To be honest, we dare not talk about the economic situation that is too big, because we are not economic experts after all. Personally speaking, the past few years have been really difficult. I have fewer and fewer business customers, and product sales have encountered difficulties that I have not encountered for many years. Many foreign customers have gradually disappeared. I have to say, I hope there will be a good change in 2023.

Almost all countries have experienced an increase in the price of goods as a result of inflation or recession, even the worst is in the sector of basic food needs and almost everyone is aware of this, because when they shop on the money market they no longer have enough value to spend.

In fact, this was quite felt when Covid-19 hit, but until now the world economy has not fully recovered after the outbreak has slowly disappeared.

If everyone can take advantage of a small piece of land in the yard of the house, then these needs can be met independently, everyone must have a piece of land that can be used for growing vegetables and other needs related to kitchen needs. Even in some countries people do not need such a large area of land to simply grow vegetables for their family's needs.

Unfortunately, today's people are too dependent on the government system in providing solutions to these problems, even though we can solve them independently in a simple way.

To solve economic problems, each individual must play a small role in solving his family's problems, really hoping that the government will never provide a full solution. Small things can be started from meeting the needs of food that is grown independently and by utilizing the empty land in the yard of the house.

In my opinion, this is more optimal for a solution, compared to waiting for the government to solve it, moreover they think about many things, so they will never be optimal for the solution we want.

Yes, governments are greedy because they are human like us, but not all governments do anything to stop inflation. You should know that a developed, rich and strong country is a country where people have a stable and full life, if people have difficulties, that country will soon default and collapse.

The current crisis or inflation is caused by the pandemic and the effects of the war in Russia and Ukraine, all of which are in the same situation, so the government cannot be blamed. And fix it takes time, you can't ask them to fix it quickly.

But drinking alcoholic things is not the solution. Yes, yes most of us do this drinking when we are in pain or loss. I also do this when I lose my job due to a pandemic. My mind was very negative at that time, and I was drinking a lot, but I just realized that it was useless. I need to find a job that is better than my previous work. That is the time when new doors open to me, and yes, it is better than my previous work. I know it hurts, but we need to stand up and look for other opportunities, as there are many out there just waiting for us.

And not only that alcoholic drinks are very expensive, and while it could be understood that sometimes people need to let go of their negative feelings in some way or another, it is a mistake to use alcohol for this as it will only make your problems much worse, the truth is that even if you have the best intentions and the majority is willing to work hard to get through the crisis, there are not enough jobs or the pay is nowhere near to sustain yourself and your family, so it is easy to see why some people are getting desperate as there does not seem to be a solution to their problems.

You are from Philippines? The price of onions is unreasonable, and they take advantage of the holiday season. Though some experts believe it is due to a lack of supply and rising demand, others believe it is due to a large number of storage facilities hoarding it, which is causing a lack of supplies. However, as the farmer stated, the price is rising because it is not onion season and also because of the recent typhoon that hit them, but not to $55 per kilo. Retailers and suppliers are really controlling the price, as the farmer only increases a small amount.

Inflation has always existed and we have always had to watch it. Prices are constantly rising. For some products faster and more, for some less and less noticeable, but the trend has always been. What is happening now doesn't surprise me, because this is not the first time and, of course, it doesn't please me. What can be done about it? Angry and grumbling? This is not a solution. If we can't influence these processes, then we need to come to terms and accept what is happening, and then adapt and start looking for options on how to compensate for this price increase difference by increasing our budget. You will need to look for alternative sources of income. Of course, you can cut your costs and this is a reasonable decision, but the question is how much and for how long you can do it. Therefore, I believe that it is necessary to focus on obtaining additional income in order to more easily endure the economic downturn.

This is why plant your own food is really important, you can grow a small garden if you don't have vast lands. Every year the food price always increase and you're being forced to buy it because if you not buy it, you can't survive which mean there's no other choice. Bitcoin is a good investment that could be used to hedge against inflation, but invest in agriculture is never a wrong decision. You can use it to feed yourself and your family, at the same time you can sell it.

As much as possible we should be avoiding importation. That's understandable. We should instead strengthen our own local production. However, self-sufficiency can't be achieved overnight. So, while we are trying to achieve that, we shouldn't also allow the supply to fall down so low that the price would reach the heavens. Insisting on cutting imported goods while the prevailing problems on local production remain unsolved is ludicrous. That's what also happened to sugar recently. 


The Kadiwa system is good, although the program is highly subsidized by the government, and it's also mostly focused on the national capital region. In which case, it isn't a sustainable solution. It still doesn't address much of the root causes of high production cost, among others. It has eliminated middlemen, though. That's enough to trim down the prices. I hope this program will continue and improve. But since this is more of a system for end consumers, I hope there will also be steps taken for the farmers themselves.

If you haven't felt the sense of the economic crisis at this point, it means that it's only natural that you are still grateful because the savings are still there. But you have to be able to increase your income better when the price of food rises so fast, because over time you will also feel how the economic crisis is in your life. And owning a plot of land to grow crops is a good idea even though it is an old method of farmers to live more comfortably and also frugal.

But it would be much better if you set up a better business than farming on the piece of land that you want to own, with bigger and better income opportunities. But if you still don't have the land to do this, I think there are other better ideas such as renting someone else's land to be able to run your own business. Whether it's for farming or other things that can support your income at this time and it can also help you fight the feeling of an economic crisis that you don't feel right now.

I think we are living in the same country where there is an onion outage. They are saying that businessmen are just taking advantage of the situation as well as the government to make oney from it. They are hiding onion products so there will be a lack of supply. I wonder why they are still taking advantage of it while people suffer. The crisis is being felt by everyone in our community. Everything is getting more expensive each day but the salary remains the same. Nowadays, a single job isn't enough anymore so we have to double or triple hustle. Worse might still happen but I know for sure that we will still be able to deal with it.

If you are living in a country where the soil is not barren and does not have winter like Thailand, you're all gonna be fine compared to those people who will have to keep storing supplies for winter. The worst-case scenario for us during this economic recession is that you end up being homeless which many have been there already. Today we may struggle to pay our bills or to afford basic necessities like mentioned Onions.

Lucky for some who may just see the value of their investments decline only. The working class may have to delay retirement plans. I have also seen my uncles just plan to go back home while younger men are crossing borders to find greener pastures. In general, this recession can lead to a decrease in the overall quality of life for all of us.

That's really too high for onion, recently I bought a kg for a dollar and that's pretty good deal.

But clearly I know the prices of groceries are higher than what it used to be which is even beyond the inflation rate, for example cooking oil doubled in price when I compare the price of 2020 and fuel almost 40% hike, milk 30%, rice 40 to 50% and etc so this isn't good for middle class especially one who earn money via salary.

There are commodities which are really depending on overall market trade which it would be basically be depending on that usual supply and  demand thing, there are just things which are isolated type of problems
basing up on a particular country but in overall it would really be just depending on how these suppliers or main sources would really be jacking up their prices and for retailers then they would really be just
simply adjusting into that and it would be passed up into us consumers which is really just a typical chain which it isnt really that something new on facing up these challenges as we do live.
Middle to low class people would really be able to be hit up with these changes.

I think there’s no reason now to expect that these basic commodities will more likely to decrease their prices since the inflation gets even worser, considering even a piece of onion in our country is now very costly. So everyone is certainly affected right now, except for those who are living in golden spoon and that they won’t even notice if prices have increased or decreased in time. But I think the people who are deeply affected right now are those living in poverty, they will surely become poorer and poorer this time.

Through all these, most of the people I pity themost is the low income earners and those with zero products to offer, its sad most for these persons.
In life, one of the worst feelings of all, is identifying a bad situation, wishing for a change, wanting to do something about it but still completely helpless about it. You just can't do nothing to help the situation and that's sick.

For those that are selling some products or even in the agro business, its more of a transfer of these price increase to tackle the inflation on the products they buy for there daily use as well. Its just annoying, knowing that, you actually bought a product for 3x less and now, you just have to put up with an outrageous price. It's a time for the strong, really!

we have such politicians in our government too. Who insist on reducing tea or coffee to save economy
you are right these people have no sympathy for the poor people or they are so used to all these issues that they don't care much.

Which country you live in. You are one lucky person!
In our country onion and wheat is not even available at the mentioned price. And the basic kitchen items are not affordable to the poor people.

The world's economy is currently in trouble, and the world's mercies are currently in difficulty,  Things are getting more expensive and difficult for average people to meet up with, for example, food prices have risen above expectations, and onions in your country been $12.57 per kilo, which is shocking because, in my region onion is as low as 0.15 dollars, seen the price of onion in your country is not funny at all. Country life is also getting more difficult than it was for those of us who were born in Africa.

There is a cultural difference as well, some nations harvest some things a lot more while the others not so much, and it all depends on the farming land availability as well. For example, food prices has always been quite high in Japan because they don't have much land, whereas it has been pretty cheap in China for decades now, even though they had some man made famine issue, because they have land.

Moreover, it also depends on food prices vs cultural differences, like apples could be cheap and onions could be expensive in nation A, whereas apples could be expensive and onions cheap in Nation B, that's all depending on what that nation likes to consume more.

I feel you, we're in the same country I think. I'm currently employed in a company that pays good but then things happen, inflation really hits me. Right now, I need to find other jobs, having this full time job is not enough for me, I'm a breadwinner and the price of the goods in here is too much for me, I need to do more budgeting so I can feed my family. Healthy foods are more expensive in here, many people took advantage on it they hoard and sell it to higher prices. It is really painful to have this kind of inflation.

The only way to cope up with the increase on the price of marketable goods is to also put an increase with the minimum salary of the employees. Unfortunately, not all economies cannot do such thing which causes sufferings to average households. Corruption is a different thing but for sure related to this issue. Many governments has the capability to aid the situation but are closing their eyes and are just putting people's money on their pockets. In terms of private companies, they are mostly seeking just to be rich without checking on people who made them one. Third world countries are the ones whoch suffers the most. I'm aware of the existence of such problem for years but nowadays is definitely worse.

That is the worst result of inflation these days, seeing average people hardly meet their basic needs and end up adding in poverty line. Even rich people I guess are also seeing these differences now, but for sure they won’t care at all as long as they don’t feel the inflation that much. Although I would say I don’t belong to the poorest of the poor, but I have felt living life this time and it’s survival is so hard for us, can’t imagine how those poorest people are coping up with this situation.

Indeed! The intention is really good but the implementation was too soon. Unfortunately, we (the regular consumers) had to pay the price for that huge blunder.

The economic recession is making the situation of the country worse and it is very difficult to get out of here. Not only food but every facility is becoming difficult to get along with rising fuel and food prices, the supply chain is being disrupted. Naturally, there is a negative impact on the economy many people have to struggle to manage the responsibilities of the whole family while maintaining the income expenditure balance with the price of goods skyrocketing. And in terms of reducing the family's expenses, women have always played that familiar role.

What do we expect from a corrupt system? I am not bashing the president, I know the guy won by a landslide and he might want to improve the nation. But the whole system run by politicians and government officials, in general, is rigged and corruption is too rampant from the top down to the lowest position. Laws are not for the masses but for the rich and giant corporations who's been paying and sponsoring these government officials.

Regarding the basic commodities in the country, hoarding is rampant. Exploitations of farmers are rampant. Many times the government noticed these over the years yet I never heard of people being arrested.

Corruption in politics exists because corrupted politicians have a higher chance to win. That's the trouble, if you build a great grassroots campaign and win that's one thing but it's very very rare and usually doesn't happen. Whereas, if we are talking about corrupted politicians, they would do whatever in their power, even illegal stuff, just so they could keep their power and that means they have a lot more chances to be elected, because if you fight fairly then you will lose.

Just imagine a boxing match where one boxer fights fairly, and the other has a knife, how fair is that? Sure here and there the fair one will win, but the one with the knife has a much better chance isn't it? That's the situation.

Although there is considered a winter in Thailand from around November to February, it isn't really the winter that many people might thought. Thailand has a tropical climate in general. Even during the so-called winter season, the temperature is pretty warm. People don't have to hoard for the winter.

Here in my country, people don't have to hoard as well. There is no winter. But there are a lot of greedy businessmen who want to manipulate the supply and, therefore, the price and earn big. The main intention for hoarding is to cause a fake shortage.


Unfortunately, half of the entire working force here in the country, if I'm not mistaken, are wage earners. So, they can only suffer in silence and try to look for additional sources of income.


What's even funny is that they have decided to import now, just when the local producers are about to fill the markets with supply. And now these farmers are saying no to imported onions.

The government was adamant not to import in October and November because the local harvest season for onions would commence at around mid-December. That strategy failed and the price shot up beyond $13 a kilo in some market. And now that the harvest is happening, the government decided to import because the price has already reached so high.

I really don't understand what's happening.

Nice analogy, corrupt politicians do not even have to go through the trouble of giving themselves an unfair advantage, as long as they are twisting their rules not only for themselves but for other people as well you can be sure there are going to be many people that will want to keep them in power, just look at what happened during the pandemic, big companies like Amazon made a fortune while small business disappeared, which in return it has allowed many of those companies to become monopolies or at least they are close to reach that status so no one can compete with them, and what are politicians doing about this? Nothing, and this causes the price of everything to go up to the point that something as basic as an onion is not affordable anymore.

Yeah I read that a few hours ago. Although the timing is late, at least the Government is coming up with a solution to bring down prices helping the local consumers while still trying to protect the farmers (the volume of the importation was reduced). Now, I'm interested to see the steps they will take against hoarders and smugglers.

I'd like to take this positively and see this as correcting their mistakes. The price shouldn't have reached that high but what's done is done and we can only hope to to see more improvements in economic policies that balances out the interest of all parties involved.

Onion is one of the cheapest vegetables. I wonder where do you live. I'm glad that I can grow onion in my own garden, so I don't have to buy it, but it's relatively cheap in the vegetable markets in my town.
The basic foods inflation in my country is 52% and the costs for heating had increased by 40%. The overall statistics show that the average inflation in my country is around 18%, but I just don't trust any statistics anymore. It sucks to live in times of high inflation, but the older generations in my country had lived in times of hyperinflation, so there's no point of bitching and complaining.

Real inflation is always higher than it seems for statistics, prices are rising for everything, for food, for utilities, for essential goods. But even though times are difficult now, it is still much easier for us than it was for our grandparents during the crisis. We will be able to survive this, the world has become more civilized, if necessary, there are social services that can help the poorest segments of the population.

Also, inflation will not grow constantly, this is a temporary phenomenon during the crisis, after which the level of people's income will also increase, according to indexation. Everything repeats itself, people have already gone through similar cycles many times, but still have not found a way out of how this can be avoided.

The impact of the economic crisis was felt a few years ago, but what is worse is felt these two years and entering 2023, the effect is very extraordinary on the surge, such as secondary and primary needs in general and as a whole, starting from electricity, oil, rice and so on, before we had $100 to shop at the market get at least 10 kinds of necessities, now with $100 we can only buy one plastic bag of staples, the ratio changes 100°c.

But from my observation and I see that people who live in rural areas feel lucky, their situation is not felt with the current bad economy, they can still enjoy the necessities of life with only $ 10, it's extraordinary, That's because from year to year they only save gold and grow vegetables, fish in the lake, many of them are currently living a normal life without any impact on the bad world economy, those who live in cities are like hot worms.

Why do you think women are very familiar in playing the role of spending in the family or life? I even very rarely find women who can save money at this time in my environment now. And even every expense is always well managed by her own husband. This means that it is not only about gender that can play an important role in saving for their own family, but it really depends on each individual who wants to save money in difficult conditions.

Inflation is a part of the world economy, for many, it is a nightmare because it will wreak havoc on their wallets, but not all. While many companies go bankrupt, and many people are unemployed, there are still a few people who get rich from inflation or have a good income in times of crisis, so high inflation does not matter to them.

Inflation is like the winter cycle of the cryptocurrency market, many people will lose and go bankrupt, but also many investors like this winter, for them, it is an opportunity.

Life changed a lot for me and my family over the last year. The rising inflation is noticeable the most in the food prices, it feels like I am spending 50% more on food now than I did 1 year ago. My grocery bills started to skyrocket last summer, and even though we switched to cheaper brands prices are still rising. Just one examples are fresh products like salad, tomatoes and cucumbers, the price for them increased 35% in less than a year. The second big problem is heating, with the new high energy prices we lowered the temperature 2 degrees at home. Really sad times we live in now, usually we went skiing for a week during the winter, but this year we will save the money instead.

That's really what most of us or maybe we can say all of us are now experiencing with the rising inflation, the increase and most aspects
of economy, especially with our daily needs.

It can't be avoided, and it is we who needed to adjust, limiting or maximizing all our resources to continue surviving and then finding other
sources of financial income.

Things that most of us are really aiming and hoping to keep life moving forward.

It was pretty obvious that there is price manipulation in the market but the government allowed it because the corrupt leaders got their shares as well. I hope I was wrong but inflation will never reach this far if the government anticipates the situation and control the price in the market, especially for the suppliers.

I was not really expecting this situation but it comes and gives us some insights into the worse possible inflation that will happen in the future if the government will take action to help and stop this. And for us to look for additional sources of income in order to survive.

Indeed. Not only a wife, a husband also has the ability to manage the funds for spending. However, in my country, a wife has a responsibility to manage the funds because he knows more about the necessities. Also, the husband already feels tired to work and get money, it is time for the wife to take the role of managing the money. Both wife and husband have their own responsibilities and have their own roles. It is normal if husband and wife divide specific tasks in the household. So, none who runs all the tasks.

I believe anyone can be familiar with the role as long as he/she wants to learn about it. It is surely not about gender, but it is about how the intention to learn it.

The war between Russia and Ukraine happened so suddenly even Ukraine did not believe that Russia would attack them, so no government could predict what would happen so and no government could prepare. Second: what we are experiencing as a result of the covid pandemic, the government should have a part to play in this but should not put all the blame on them. There will be no way to recover the economy quickly when the war is still going on, and China's economy is closed, causing supply and demand chaos. No matter how good the government is, it can't solve everything alone, our world is interconnected.

Simply put, since women only take care of the kitchen and children, they are not the ones who earn money, so they won't feel overwhelmed by spending too much. So it's understandable for husbands to manage. We all know inflation is draining our wallets, but only working people feel it most acutely.

Indeed, in Ukraine, even many officials in power did not believe that the Putin regime in Russia was capable of launching a full-scale military invasion. However, the Armed Forces of Ukraine were ready for such a scenario of events and, on the eve of the invasion, secretly withdrew aviation, air defense and artillery from their bases, so the massive Russian attack on their reconnoitered positions in the first days of the invasion did not give the effect that the invaders were counting on. Despite the fact that Russia has repeatedly stated that in the first days of the attack, Ukrainian aviation and air defense were completely defeated, it was they who played a significant role in the fact that after a month of hostilities, Russia hastily withdrew its half-broken armies from the central and northern regions Ukraine, which were under the threat of complete annihilation. And this was at a time when no one had yet given serious weapons to Ukraine, because according to their forecasts, Ukraine had to hold out against Russia for no more than one week.

The war that Russia unleashed in the center of Europe in the 21st century disrupted many trade and economic processes, and therefore the world economy suffered greatly from this. The current economic decline is a direct result of the Kremlin's military adventure. That is why civilized countries have decided to help Ukraine win this war.