Have you felt the impact of inflation so far?

[_BlackStar]

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.

Recommended, the key is that you have to move forward and shouldn't be lazing on the couch enjoying this game. Whatever you want to do, then do it as long as you can manage it well without interfering with other activities. My top priority so far is investing, it's not more than what I can afford to lose.

[1714661318]

1714661318

[1714661318]

1714661318

[1714661318]

1714661318

[Sir Legend]

I feel the economic effect has decreased since Covid or about 2 years ago, the impact is very strong in 2022, the balance in the bank is getting smaller and makes me currently looking for many things to fill my finances, what I am currently doing is raising fresh fish and hoping to get my finances back to how they were before covid and inflation.

[ShowOff]

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.

Yes, it will be done soon and maybe on September 1 it will be implemented. People are getting more and more tormented because of government policies, they think that the state's loss is only because of the people but they forget that the corrupt political elite is the cause of the problem. I don't know if they would consider the impact of the hike on low-income people, but they don't seem to care and will anyway.

In the midst of severe inflation, the government came to a conclusion that really made the people suffer, this is a condition that we did not expect. 30% to 40% increase in fuel is bullshit.

[erep]

Yes, it will be done soon and maybe on September 1 it will be implemented. People are getting more and more tormented because of government policies, they think that the state's loss is only because of the people but they forget that the corrupt political elite is the cause of the problem. I don't know if they would consider the impact of the hike on low-income people, but they don't seem to care and will anyway.

In the midst of severe inflation, the government came to a conclusion that really made the people suffer, this is a condition that we did not expect. 30% to 40% increase in fuel is bullshit.

The increase in fuel prices triggers an increase in all other basic needs, meaning that the government indirectly approves all aspects of the increase in the price of goods and services, the condition of the people is very screaming and the lack of jobs available from the government will increase the poverty line, but they outsmart the increase in fuel prices by distributing financial assistance to poor people in reducing the demonstration of fuel hikes from various communities or civil society forums. The announcement of an increase in fuel prices of up to 40% is a failure of the government to improve the welfare of the people, especially in conditions of high inflation.

[ShowOff]

The increase in fuel prices triggers an increase in all other basic needs, meaning that the government indirectly approves all aspects of the increase in the price of goods and services, the condition of the people is very screaming and the lack of jobs available from the government will increase the poverty line, but they outsmart the increase in fuel prices by distributing financial assistance to poor people in reducing the demonstration of fuel hikes from various communities or civil society forums. The announcement of an increase in fuel prices of up to 40% is a failure of the government to improve the welfare of the people, especially in conditions of high inflation.

Government assistance for the poor will not help much. I also got one of their assistance programs "covid impact assistance", but you should know that the amount per month is not more than 18 liters of fuel. It doesn't make any sense why the government raises fuel prices by up to 40% every time they do it. I remember this is the second time the government has done it in a short period of time, the increase will almost reach 80% this year if tomorrow the price increase is legalized.

It's like falling down the stairs, lol. The people have to grapple with inflation and bullshit government policies. I don't think this is really funny because the inflationary impact of rising fuel prices will be even worse next month.

[el kaka22]

BIIIIG TIME. I have been living a bit worse, have debt on top of that, and I haven't had a good nights sleep for a long time all because of inflation. I have been trying to find a way to make more money, or at least like an investment that could bring me money, because I do not have time to work anymore, I am already working a lot, so I needed an investment that will make an income for me and failed that too.

Crypto helps a ton, I am grateful for crypto but all the other things has shown that we can't really trust fiat world and inflation as a way of saving us, it is not going to. Governments do not even care about the high inflation to be fair.

[dunfida]

BIIIIG TIME. I have been living a bit worse, have debt on top of that, and I haven't had a good nights sleep for a long time all because of inflation. I have been trying to find a way to make more money, or at least like an investment that could bring me money, because I do not have time to work anymore, I am already working a lot, so I needed an investment that will make an income for me and failed that too.

Crypto helps a ton, I am grateful for crypto but all the other things has shown that we can't really trust fiat world and inflation as a way of saving us, it is not going to. Governments do not even care about the high inflation to be fair.

Government do always took up the blame when its citizens do really suffer out on this aspect but to think off on a bigger perspective that there are things which can inevitably happen
specially on world market pricing or something in relation to this which they cant really able to stop at least for it to happen which it would really make out big effects on overall living into its citizens.
For personal perspective then it would really be just that right thing to be done is to find out another source of income which you could really able to handle up yourself at least
with this inflation.Its hard but we should really do this so that we do able to sustain at least even its very challenging to do so.

[Fara Chan]

I know that the inflation rate of each country is different and the relative for each country is different. In my country, this inflation continues to rise which causes a lot of influence on the economic stability of many people "including me". I think this is very bad because the government did not adjust salaries to the increase in inflation and now it is exacerbated by the discourse of increasing fuel prices.

The government in this case fails to fulfill its responsibility to the people, making it difficult for the community to meet their food needs, where the price of goods will increase, every time fuel is reported to go up and we will see in the near future.

If in the previous 2-3 years $200 - $250 per month was sufficient for an adequate living cost, then the value has continued to increase to $300 - $400 per month in recent months or even higher for the class of rich people. This had an impact on my financial stability where sometimes I had to sell some of the bitcoins I earned from signature campaigns to provide for myself and my family. The value of the currency is increasingly worthless, the value of the currency of goods continues to increase and even the increase becomes uncontrollable.

You are still lucky to have some bitcoins in your wallet, then what about people with income under $200, what we know now is the value of the currency is decreasing, while goods are going up so fast, there is no balance between income and needs to be met, that is really bad.

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?

If I were in your position, maybe the first step I would take would be to calculate the assets, then convert some good investments, like bitcoin potential or altcoins, especially from the story you wrote, it sounds like you are not new to this world. The scope of investment seems to understand well, the potential of bitcoin and altcoins.
Of course you understand when is the right time to start

[Fortify]

I know that the inflation rate of each country is different and the relative for each country is different. In my country, this inflation continues to rise which causes a lot of influence on the economic stability of many people "including me". I think this is very bad because the government did not adjust salaries to the increase in inflation and now it is exacerbated by the discourse of increasing fuel prices.

If in the previous 2-3 years $200 - $250 per month was sufficient for an adequate living cost, then the value has continued to increase to $300 - $400 per month in recent months or even higher for the class of rich people. This had an impact on my financial stability where sometimes I had to sell some of the bitcoins I earned from signature campaigns to provide for myself and my family. The value of the currency is increasingly worthless, the value of the currency of goods continues to increase and even the increase becomes uncontrollable.

I have to pay the electricity bill 2-3 times more expensive for normal use. I also have to bear more expensive taxes, and many other things that I may not mention. 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?

Before the start of the year and even throughout Covid, I was seeing prices staying pretty stable for probably the last 10 years. The small increments that happened over that time frame were barely noticeable, but in the last few months it has skyrocketed. You see it everywhere on the shelves, increases of 10-30% are quite the norm now and it is not always a one off - sometimes you'll see the same product go up several times in price over the course of 6 months. For those in a lucky position where they earn above average and maybe don't have a family, will be able to cope somewhat ok while the jobs market stays hot. For those with the lowest incomes or large families to look after the future is getting harder every week.

[boris singer]

From year to year, it is clear that the impact is quite significant, especially during the Covid period, which clearly worsens the situation.
I feel something like this from 2 years ago, the price is increasing more and more and the last time I see the impact of that fuel prices in my country are rising again and this is definitely one of the real impacts that I feel.
Foodstuffs are also clearly one of the things that are felt, some time ago there were even some food prices whose prices rose up to 4 times the previous price because these goods were so scarce because they could not be obtained because their exports were disrupted due to inflation that hit .

[carlfebz2]

From year to year, it is clear that the impact is quite significant, especially during the Covid period, which clearly worsens the situation.
I feel something like this from 2 years ago, the price is increasing more and more and the last time I see the impact of that fuel prices in my country are rising again and this is definitely one of the real impacts that I feel.
Foodstuffs are also clearly one of the things that are felt, some time ago there were even some food prices whose prices rose up to 4 times the previous price because these goods were so scarce because they could not be obtained because their exports were disrupted due to inflation that hit .

We are all been affected with inflation and there's no avoidance of it and that what really makes this situation do really gets worst as years passing but we cant really that to do something with this but rather

finding up other ways for you to earn so that you would able to sustain up yourself somehow into this certain condition because if you do stick out with your daily job income or salary then you would definitely be

fucking up yourself gradually which might lead even on having some loans and borrowed money just because your earning isnt really just enough on your daily living.This is why
we should be wise on taking up decisions.

[Theones]

finding up other ways for you to earn so that you would able to sustain up yourself somehow into this certain condition because if you do stick out with your daily job income or salary then you would definitely be

fucking up yourself gradually which might lead even on having some loans and borrowed money just because your earning isnt really just enough on your daily living.This is why
we should be wise on taking up decisions.

Inflation has affected everyone. The whole world has been affected by the inflation.
There are trouble after trouble and they are not going to end anyway.
we have reduced the grocery purchase and electricity  and fuel consumption.

[Davidvictorson]

In my country, the annual inflation rate in Nigeria increased to 19.64% in July of 2022, which is the highest since September of 2005. The value of the currency has weakened. The prices of food items have tripled. People who live in Urban centers who can't afford 3 square meals anymore are moving down to rural areas. Some have even taken to subsistence farming as a means to grow their own food. PMS and Liquified gas prices have quadrupled and right now, there is no end in sight. Everyone Tom, Dick and Harry is affected by the inflation.

[Vaskiy]

In each and everything it is possible to experience the inflation. In particular, I can remember the food on the streets. Once those food on the streets were affordable, now that itself looks high. This is the best price, but it looks high. With such pricing only the vendor is able to make little profit. Apart from that vehicles price, I bought a motorcycle for $1000 few years back and the same costs around $1800 at present.

[kawetsriyanto]

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.

Sure, having a side job is needed. I also do some side jobs because I can't rely on my main job in real life.
No, you don't need to look for a job, you can do online jobs that you can manage yourself. Have side jobs in this forum, have an online shop, or any other online jobs, these can be proper alternatives. You can consider which one you are familiar enough or which one fits with your ability/skills.

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.

Cattle farming or the like is a long-term business. It doesn't fit with your goal if it is for the short-term. You need to find a job that can give you instant profits or instant money if you prioritize a short-term goal.  

[sayaya17]

From year to year, it is clear that the impact is quite significant, especially during the Covid period, which clearly worsens the situation.
I feel something like this from 2 years ago, the price is increasing more and more and the last time I see the impact of that fuel prices in my country are rising again and this is definitely one of the real impacts that I feel.
Foodstuffs are also clearly one of the things that are felt, some time ago there were even some food prices whose prices rose up to 4 times the previous price because these goods were so scarce because they could not be obtained because their exports were disrupted due to inflation that hit .

We are all been affected with inflation and there's no avoidance of it and that what really makes this situation do really gets worst as years passing but we cant really that to do something with this but rather

finding up other ways for you to earn so that you would able to sustain up yourself somehow into this certain condition because if you do stick out with your daily job income or salary then you would definitely be

fucking up yourself gradually which might lead even on having some loans and borrowed money just because your earning isnt really just enough on your daily living.This is why
we should be wise on taking up decisions.

Because most people are affected by rising inflation, we really have to be wiser in managing our finances. We have to start changing our lifestyle
to be more frugal, and start buying less luxury goods and focus more on investment. We can develop our skills to open more opportunities to make
more money, and don't be lazy to dig up information on the internet to find ways to increase our source of income. In addition, for people who still
have small incomes, they must be more diligent in looking for side jobs, and not solve their financial problems by borrowing money. It will only
create new problems in the future and ultimately make life more difficult. Actually there are many ways for us to make our income increase
by looking for information on the internet, then we need to think calmly and don't be too hasty in making decisions if we need additional money.

[Strongkored]

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.

Yes, it will be done soon and maybe on September 1 it will be implemented.

There has been no change based on the news that I read in online media source but I am very sure that when it has been implemented, the fastest response to the increase in fuel is the increase in the price of groceries

BIIIIG TIME. I have been living a bit worse, have debt on top of that, and I haven't had a good nights sleep for a long time all because of inflation. I have been trying to find a way to make more money, or at least like an investment that could bring me money, because I do not have time to work anymore, I am already working a lot, so I needed an investment that will make an income for me and failed that too.

But unfortunately most people still have to struggle to meet they daily needs so so investing is not an easy thing for them to do

[amishmanish]

Certainly... I see the rates of consumables hitting high this season. After the petrol rate hikes there was a steep price rise... This year the increments had been really poor and I know a few friends who were laid off.. if all this is signs of inflation or recession. I think I felt it around me.

[Smack That Ace]

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.

Even if your income is paid in dollars, you cannot avoid the effects of inflation. For example, the price of gasoline, before you only need to spend 1 dollar to buy a liter of gasoline, but now you have to spend 2 dollars to buy a liter of gasoline, it cannot be said that you are not affected by inflation. 

Simply because you have a better income than many people, spending is not difficult but if you compare the amount from your monthly income and expenses, it will be much different than it was before inflation hit.

[lienfaye]

Really felt. Almost everything is getting more expensive but wages remain the same. Because of this I really need to cut short my budget and prioritize the essential things before the wants.

We need to be more wise in order to cope up and if possible aside from your main job, find other way to get extra income. Through this, your earnings will be sufficient for your monthly expenses and you won't struggle budgeting.