Have you felt the impact of inflation so far?

[dezoel]

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.

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

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

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[xSkylarx]

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

[Don Pedro Dinero]

Here in our country prices of commodities such as egg, chicken, pork, cooking oil, sugar, electricity, and gasoline almost doubled compared to its price 12 months ago.

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

[Ahli38]

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

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

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

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

[bakasabo]

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

[Gayong88]

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

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

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

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

[justdimin]

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

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

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

[noorman0]

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

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

[Smartvirus]

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

[ShowOff]

I don't think I'm paying more for electricity per kwh, and gas has gone down considerably in the past few months,

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

but man....food prices just continue to go up and up.  I'm not kidding, every time I go shopping the price of things I normally buy goes up just a little bit (and sometimes a lot).

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

There are so many people dependent on government assistance for food, and I'm pretty sure the amount they get every month doesn't track inflation very well.

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

[Dragonfund]

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

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

[EdenHazard]

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.

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

But the reality we are on another level of inflation.

[Theones]

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.

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

But the reality we are on another level of inflation.

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

[gantez]

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

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

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

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

[Silberman]

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

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

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

[BuNga_cute]

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

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

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

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

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

[Kakmakr]

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

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

[bakasabo]

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

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

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

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

[Sebas.tian]

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

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

[ShowOff]

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

Seeking alternative options is a decent strategy.

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

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