Now UK is facing inflation so choose the best for you..

[dezoel]

This is happening in almost every country. I don’t live in the UK, but in my country, this has been a serious issue. The government has just continued to print and print money and to the extent that they have devalued our currency. This time around food is costly, and most things that you would have gotten in the market at cheaper price are now costly as well.

The most annoying thing is that most of these food companies are now increasing the price of their products and reducing the quality which is very bad, some of them will even go to the extent of reducing the quantity. So at times like this, it is very important to make sure that you have your money invested in a really good asset that will save value for you.

[hugeblack]

Food prices have been affected by the politics of Corona and the closures that occurred in many countries, through problems in maritime transport, and the waves of weather fluctuations and the many fires that many countries witnessed.
There are also many diseases and mass deaths that have affected food prices, but all these changes are slow and will be stable soon.

Inflation is a nagging disease, and the government's weakness in finding solutions will make the middle and poor people pay the price.

[iv4n]

... the government's weakness in finding solutions will make the middle and poor people pay the price.

Governments are not weak in finding solutions, except in maybe a few countries, governments are the root of problems! Finding a solution is that case would mean replacing them, but it's hard to replace them, they are just changing colors and the agony continues!

Inflation Rate in the United Kingdom averaged 2.48 percent from 1989 until 2021, reaching an all-time high of 8.50 percent in April of 1991 and a record low of -0.10 percent in April of 2015.

Highest monthly inflation: 79,600,000,000% Prices doubled every: 24.7 hours The most recent example of hyperinflation, Zimbabwe’s currency woes hit a peak in November 2008, reaching a monthly inflation rate of approximately 79 billion percent, according to the Cato Institute.

Always some problems with that fiat... I guess that the UK is far from Zimbabwe and Yugoslavia scenarios (some of the recent examples), so they shouldn't be so worried, yet! But as I said, always some problems with this fiat, and it's happening all the time, somewhere... when will people finally figure it out and stop using it? I don't see any other cure for fiat except ending it totally... at least now we have an alternative!

[aysg76]

What is clear is that in a hyperinflation scenario, and in life in general, those who have financial assets will always be better off economically than those who do not, even if in a crisis those assets lose value and their income is reduced.

Owning a boat without hole is surely better than sinking one in the ocean but that doesn't imply you can sail through your journey easily and same is the case with middle class and working class that with rising prices they both will have to suffer a lot but Middle class can survive upto some more time with all their savings and financial assets but if you notice the hyperinflation situation won't let them survival chance at high level.So bitcoin is surely a better option for them both.The rich and lower class won't have much impact because rich or elite class are already having and gaining more day by day so these inflation don't affect them at much and lower class already are not having privilege authority to have or maintain such living standards.But working and middle class have to live upto that mark but it's creating problem for them with these high prices of necessary food item.

And that's the kicker--in addition to higher prices, taxes are going up and governments are looking high and low for ways to cut funding to various programs, and it's not just happening in the UK.  It's happening in the US and who knows how many other countries.

These kind of things are happening around the globe and what government is doing to counter such things is printing more money or ramping up the taxes and revising tax slabs and still these inflation charts are not relaxing and when next votes will come they will blame previous party for the same and this continues.

I hate to be pessimistic and I'm not a person wearing a "doomsday is coming" sandwich board, but Jesus....it's going to suck to be poor for a very long time, and even if you're in the middle class it's going to be bad.

If there was not an option like bitcoin to us then definitely we would be living in delusional world where fiat is everything and inflation is just because the supply is limited or due to another factors but with bitcoin we see a firm future ahead which is away from any political hindrance and you can have your funds safe.The dollar and other currencies have gone 60-70% downward of the prices and purchasing power is reducing so it's better not to be poor at that time.If not bitcoin then backup your options but don't blame at that time because the time is not too faw away even if we are not pessimistic about it.

[semobo]

Rising inflation is not a new concern for the economies but growth in prices at alarming rate and others or moving towards hyperinflation situation is matter of concern which needs to be taken care of but no what the government are busy doing is just printing more and more notes or say printing more fiat making it worthless which can be compared to piece of papers only.The developed countries are also facing such issues even though it's less compared to underdeveloped or developing countries like in US or any but now this time UK is witnessing inflation peak in food prices with growth in one month only

UK inflation made its biggest jump on record in August, adding to pressure on households as the government ramps up taxes on workers and prepares to cut universal credit benefits from next month.

The Office for National Statistics (ONS) said the consumer prices index measure of annual inflation rose to 3.2% in August, up from 2% in July, to hit the highest rate since March 2012.

The 1.2 percentage point increase between July and August was the largest since records began in January 1997

Moreover the government has ramped up the taxes and cut the social benefits also.Who is gonna face all these situations in bad way? The middle class who have trusted the banking system and government but they failed to manage such situations.This is just a step towards devaluation of your fiat and you will be worth zero near future.

UK inflation rising

So what is best for you? Bitcoin can safeguard you from all these things and provide you deflationary future ahead and you don't have to worry about all these things.Have your bitcoin stacked with you ASAP.

But this rate of inflation is manageable and we no need to compare 1.2% increase with hyperinflation while it will definitely affect the middle class so people have to compromise their savings part to compensate the inflation rate for a while, if they are someone who lives from paycheck to paycheck then they will be run out of cash.

[el kaka22]

Unfortunately inflation will keep on rising in every nation, it is not something that is rare these days and there is no solution to it neither.

Financial world is built basically based on inflation, and for years people kept on trying to convince the poor people that inflation is good and means growth, when in reality the money we have in the world is finite but good enough, we do not need to get Jeff Bezos another 100 billion dollars, only if we could distribute the wealth in the world by just enough.

Nobody says that there should be no wealth, but there shouldn't be wealth like the top 100 where people are having hard time to find food and shelter, that is the biggest difference.

[Kasabus]

What is clear is that in a hyperinflation scenario, and in life in general, those who have financial assets will always be better off economically than those who do not, even if in a crisis those assets lose value and their income is reduced.

Owning a boat without hole is surely better than sinking one in the ocean but that doesn't imply you can sail through your journey easily and same is the case with middle class and working class that with rising prices they both will have to suffer a lot but Middle class can survive upto some more time with all their savings and financial assets but if you notice the hyperinflation situation won't let them survival chance at high level.So bitcoin is surely a better option for them both.The rich and lower class won't have much impact because rich or elite class are already having and gaining more day by day so these inflation don't affect them at much and lower class already are not having privilege authority to have or maintain such living standards.But working and middle class have to live upto that mark but it's creating problem for them with these high prices of necessary food item.

And that's the kicker--in addition to higher prices, taxes are going up and governments are looking high and low for ways to cut funding to various programs, and it's not just happening in the UK.  It's happening in the US and who knows how many other countries.

These kind of things are happening around the globe and what government is doing to counter such things is printing more money or ramping up the taxes and revising tax slabs and still these inflation charts are not relaxing and when next votes will come they will blame previous party for the same and this continues.

I hate to be pessimistic and I'm not a person wearing a "doomsday is coming" sandwich board, but Jesus....it's going to suck to be poor for a very long time, and even if you're in the middle class it's going to be bad.

If there was not an option like bitcoin to us then definitely we would be living in delusional world where fiat is everything and inflation is just because the supply is limited or due to another factors but with bitcoin we see a firm future ahead which is away from any political hindrance and you can have your funds safe.The dollar and other currencies have gone 60-70% downward of the prices and purchasing power is reducing so it's better not to be poor at that time.If not bitcoin then backup your options but don't blame at that time because the time is not too faw away even if we are not pessimistic about it.

The continuing high inflations right now happening in different countries is no longer a normal scenario anymore. It will cause the economy of such countries to collapse so while there is bitcoin right now that will serve as a good option, then probably adopting it might be a good start. UK is not an exception to this as this is facing a high inflation rate which if not addressed in as early as possible, the citizens will be the one to suffer. So its time for the country's leader to save the country's economy by having to adopt bitcoin and put an end to its never ending high inflation rate.

[freedomgo]

Rising inflation is not a new concern for the economies but growth in prices at alarming rate and others or moving towards hyperinflation situation is matter of concern which needs to be taken care of but no what the government are busy doing is just printing more and more notes or say printing more fiat making it worthless which can be compared to piece of papers only.The developed countries are also facing such issues even though it's less compared to underdeveloped or developing countries like in US or any but now this time UK is witnessing inflation peak in food prices with growth in one month only

UK inflation made its biggest jump on record in August, adding to pressure on households as the government ramps up taxes on workers and prepares to cut universal credit benefits from next month.

The Office for National Statistics (ONS) said the consumer prices index measure of annual inflation rose to 3.2% in August, up from 2% in July, to hit the highest rate since March 2012.

The 1.2 percentage point increase between July and August was the largest since records began in January 1997

Moreover the government has ramped up the taxes and cut the social benefits also.Who is gonna face all these situations in bad way? The middle class who have trusted the banking system and government but they failed to manage such situations.This is just a step towards devaluation of your fiat and you will be worth zero near future.

UK inflation rising

So what is best for you? Bitcoin can safeguard you from all these things and provide you deflationary future ahead and you don't have to worry about all these things.Have your bitcoin stacked with you ASAP.

But this rate of inflation is manageable and we no need to compare 1.2% increase with hyperinflation while it will definitely affect the middle class so people have to compromise their savings part to compensate the inflation rate for a while, if they are someone who lives from paycheck to paycheck then they will be run out of cash.

There's no way we can manage a high inflation rate if the price of basic commodities keeps on rising. Before we knew it, their country's economy has already started falling. Good thing bitcoin is here as a good reserve which will definitely stop the fast high inflation rate.

This might be the same reason with El Salvador why they started using bitcoin as a legal tender. Not just to stop the high inflation rate, but more on increasing individual's economy with the good opportunities that bitcoin may bring. So if you are residing in UK, things might get worse particularly with middle class but there's always a good option just waiting in the corner.

[Kyraishi]

This is not just limited to the US now.

There are a ton of countries that have inflation of 3+% which is above their inflation targets.

People who think that this is going to be "transitory" is definitely going to be in for a rude shock when this stuff is still around in 10 years time. When you have money printing at these scales, it would be a miracle to not have high inflation.

[jaysabi]

Rising inflation is not a new concern for the economies but growth in prices at alarming rate and others or moving towards hyperinflation situation is matter of concern which needs to be taken care of but no what the government are busy doing is just printing more and more notes or say printing more fiat making it worthless which can be compared to piece of papers only.The developed countries are also facing such issues even though it's less compared to underdeveloped or developing countries like in US or any but now this time UK is witnessing inflation peak in food prices with growth in one month only

UK inflation made its biggest jump on record in August, adding to pressure on households as the government ramps up taxes on workers and prepares to cut universal credit benefits from next month.

The Office for National Statistics (ONS) said the consumer prices index measure of annual inflation rose to 3.2% in August, up from 2% in July, to hit the highest rate since March 2012.

The 1.2 percentage point increase between July and August was the largest since records began in January 1997

Moreover the government has ramped up the taxes and cut the social benefits also.Who is gonna face all these situations in bad way? The middle class who have trusted the banking system and government but they failed to manage such situations.This is just a step towards devaluation of your fiat and you will be worth zero near future.

UK inflation rising

So what is best for you? Bitcoin can safeguard you from all these things and provide you deflationary future ahead and you don't have to worry about all these things.Have your bitcoin stacked with you ASAP.

In no way should an inflation rate in the low single digits be mistaken for an alarming inflation rate, let alone hyperinflation.  Even when the US had double digit inflation in the 1970s did the term "hyperinflation" even enter the discussion, because hyperinflation is both extreme and rare.  Talking about hyperinflation in an environment where inflation is still in fact historically low saps all your credibility and informs anyone reading your posts that you're prone to hyperbole and not to be taken seriously.

[verita1]

In this time of pandemic, some negative effects such as inflation are being seen in all economies and the United Kingdom is no exception.

Although we are overcoming the more difficult side of the pandemic, we can notice these ups and downs. It can also be attributed that in a nation like this where tourism is a source of income, it makes the economy respond to its needs, the lack of employment and the distribution of channels to a lesser amount could be a distorting element in its economy.

[davis196]

It's not just the UK,inflation will become a global problem.All that money printing,which occurred in 2020 will have to eventually transform into higher prices.The central banks will have to step up and increase the interest rates.
Having 2-3% inflation is not a big deal.The inflation in my country is anticipated to be around 7-10%.
Actually the British pound increased it's value against my national currency during the last few weeks,which weird.I've expected that the British pound will face severe devaluation after Brexit.

[Silberman]

One problem associating inflation across the world is that the low income earners and people on the street suffer but the rich gets better because they can have access to other amenities. Here the government want to come in the way of giving out loans but such loans don't get to the grass root but the rich get to grab it as they are influential and in government.

Exactly my point, people that think this way are so out of touch with the fact that not everyone is like them and that everyone can do what they're doing. The problem with the lack of empathy and being out of touch of some privileged people are really appalling, if the poor can invest then we wouldn't have any poor people in this sorry of an excuse of a world.

Unfortunately this is always the way it has been and there is no reason to believe this is going to change, unfortunately this means that those that are poor not only are not the best prepared to face the crisis that is coming they are also the ones that are probably the less aware of it, so not only they get hit by the crisis but they do not even know it is coming, which makes things even worse for them while the rich take advantage of the opportunities the crisis gives them.

[fiulpro]

There have been protests and at the same time people are struggling with it for real, my friends in the UK involved with the medical sector are forever worried about the tax layout for them, since they don't even have a say in that and it's not just the food market that's been affected, it's everything.
The government has to realize that, if they are loosing money because of the COVID, they don't have to go and and take that amount from the middle class. They are already trying their hardest to earn, the problem of inflation is something which is all across the world but in a developed country, it has a scope of being controlled which we are definitely not seeing being done.

[mindrust]

What is clear is that in a hyperinflation scenario, and in life in general, those who have financial assets will always be better off economically than those who do not, even if in a crisis those assets lose value and their income is reduced.

Which financial assets do you recommend in an hyper-inflationary economy? Stocks? Crypto? Gold? All? Since the stuff will get more expensive, the company that makes the stuff should be valued at a higher price too. Am I right? It makes sense. What about bitcoin abd gold though? They should also benefit from the massive FIAT printing but gold is going down instead of up and that's very strange.

[paxmao]

Moreover the government has ramped up the taxes and cut the social benefits also.Who is gonna face all these situations in bad way? The middle class who have trusted the banking system and government but they failed to manage such situations.This is just a step towards devaluation of your fiat and you will be worth zero near future.

I assumed the working classes would see the greatest impact. The middle classes will likely already own a lot of assets/production power that are inflation resistant.

Inflation going up, in the case of the ons statistics, only means:
1. More people are spending
2. The cost of living is rising
3. A mixture of the two.

It's normally 3 that causes an increase but it seems like it's normal to see something like this after a recession and it has happened before (notably the 70s).

I think you are forgetting to add money printing and helicopter money, which, on the current situation are the factors that are making inflation rise, along with many people who have forcibly saved during COVID as their income was mostly protected and they are eager to go out, buy stuff and treat themselves. In Spain, that takes the shape of the "botellones", in UK it means full Pubs and TK Maxx sales.

[Silberman]

There have been protests and at the same time people are struggling with it for real, my friends in the UK involved with the medical sector are forever worried about the tax layout for them, since they don't even have a say in that and it's not just the food market that's been affected, it's everything.
The government has to realize that, if they are loosing money because of the COVID, they don't have to go and and take that amount from the middle class. They are already trying their hardest to earn, the problem of inflation is something which is all across the world but in a developed country, it has a scope of being controlled which we are definitely not seeing being done.

That is what the governments always do, rely heavily on the middle class to bail them out, after all the rich can do anything to avoid paying the taxes and many of them are their friends, the poor do not have a lot of income to tax so they rely on the middle class to get the taxes necessary to keep the government going, and in the case of printing money they also rely on stealing the wealth of the middle class, the current system is unsustainable but people are not willing to do anything to change it.

[Shenzou]

I men inflation is not a new thing, we have been facing this problem from the dawn of the use of fiat, and every time we are faced with an economic problem the government tend to have one solution and that is printing more and more fiat, and the pandemic and the ravage that have caused for the health and the economic sector are still being processed today, so i actually feel like that using bitcoin as a store of value until the dust have staled and this inflation starts slowing down is the best option right now.

[aysg76]

I think you are forgetting to add money printing and helicopter money, which, on the current situation are the factors that are making inflation rise,

I have mentioned in my post that government only find it suitable to print more and more notes to tackle these fiscal deficit and making the fiat worthless in global market which in turn in contributing immensely to the hyperinflation situation.Many poor countries are facing such situations and it's really shocking to see million dollars bills also being printed to buy stuff like toilet paper only.Imagine the situation in that countries and bitcoin could be great relief for them and boost economy as well.The government policies are not going to work in monetary relationship with these money printing schemes.

along with many people who have forcibly saved during COVID as their income was mostly protected and they are eager to go out, buy stuff and treat themselves. In Spain, that takes the shape of the "botellones", in UK it means full Pubs and TK Maxx sales.

I don't what situations you have come across but speaking of myself people have consumed their savings more in this Lockdown because there were loss of jobs and no work was around setting aside the corporate sector which started Work from home policy and were paying salary to staff but they also have cut off in staff.Infact all sectors were facing similar situation and people were tend to use the Savings to buy the stuff they needed and that's why economy witness diminished growth rates in these times.But yes those who have saved are eager to travel around and spend on stuff they want.But there are different preference and conditions of people.

[mindrust]

There have been protests and at the same time people are struggling with it for real, my friends in the UK involved with the medical sector are forever worried about the tax layout for them, since they don't even have a say in that and it's not just the food market that's been affected, it's everything.
The government has to realize that, if they are loosing money because of the COVID, they don't have to go and and take that amount from the middle class. They are already trying their hardest to earn, the problem of inflation is something which is all across the world but in a developed country, it has a scope of being controlled which we are definitely not seeing being done.

That is what the governments always do, rely heavily on the middle class to bail them out, after all the rich can do anything to avoid paying the taxes and many of them are their friends, the poor do not have a lot of income to tax so they rely on the middle class to get the taxes necessary to keep the government going, and in the case of printing money they also rely on stealing the wealth of the middle class, the current system is unsustainable but people are not willing to do anything to change it.

Exactly. The system is running on the back of the middle class. Sometimes I think it is better to be a poor guy than being a middle class working guy. The poor get all the government/unemployment benefits, pay almost zero tax because the gov cannot afford to leave them to their deaths. The middle class on the other hand, is getting smaller and smaller every year. Whenever a financial problem happens, it is the middle class that pay the bill. It is disgusting.