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June 02, 2019, 12:42:15 PM |
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Inflation is the big reason why our money could purchase less as time goes on...what you can do with a dollar today may not be the same as years fly by. Inflation is the reason why prices keeps on rising, meanwhile our income is not. Here is the figure of inflation in some select countries:
Venezuela: 10,000,000%
Zimbabwe: 73%
Sudan: 49%
Argentina: 43%
Iran: 37%
South Sudan: 24%
Liberia: 22%
Yemen: 20%
Angola: 17%
Turkey: 17%
Uzbekistan: 16%
Sierra Leone: 15%
Libya: 15%
Haiti: 14%
Egypt: 14%
Nigeria: 11%
In my country, we have right now a more stable economy which is spared from suffering from uncontrollable inflation rate -- it is currently standing at less than 4% which is quite manageable.
What about in your own country?
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