Have you felt the impact of inflation so far?

[Johnyz]

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

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

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

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

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[KennyR]

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

[dothebeats]

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

[Oceat]

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

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

[Ultegra134]

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

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

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

[Wawa2013]

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

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

[Markinzo]

It really doesn't make sense when the government doesn't seem to care because I can tell that the weak are getting oppressed while the strong are getting stronger.

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

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

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

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

[Cryptmuster]

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

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

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

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

[Don Pedro Dinero]

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

[globalpain]

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

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

[davis196]

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

[Bitstar_coin]

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

[bitzizzix]

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

[Mauser]

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

[_BlackStar]

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

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

[virasisog]

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

[Cryptomultiplier]

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

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

[Xampeuu]

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

[mindrust]

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

[Strongkored]

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

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