Global inflation rate from 2017 to 2027(compared to previous year)

[_act_]

I was reading about inflation recently, countries all over the world have the economy that can never escape inflation, but just that this will differ from one country to another, some country's inflation rate is very high while it is not that high in some countries. In order to preserve the value of your money, it is good to look into assets, like bitcoin, gold and other valuable assets that people demand more for which increases their value over time, unlike government printed money (fiat).

That is just an advice, not the main discussion. The main discussion is what I saw on statista, about global inflation rate compared to previous years:


Statista.com



 I could not really understand what this means, we are presently in 2022, but the inflation rate in 2023 to 2027 was included. What does this means? Is it accurate or just a prediction of what could happen in the future? What if the global inflation rate is lesser or greater during those coming year?

[edgycorner]

Statista is giving predictions for inflation by year. They are based on what is called historical data, which is a fancy way of saying they looked at what has happened in the past. The predictions are made using a computer model that is made to predict what will happen in the future.

These predictions are not always accurate, because the future is impossible to predict with 100% accuracy. However, the World Bank's predictions are generally quite accurate, because they are based on data from the past. It's probably using world bank as it's source. I couldn't confirm it tho, there was a paywall lol

[jossiel]

Those are speculations by the website itself. Well, it looks encouraging if those are actually going into reality.

But still, it's unknown what will be the inflation rate for those years. Anyway, there could be a basis on it and we're on the recovery period. Hopefully, if things do better for the next years, we'll see the decrease in inflation.

We've got that many to tackle, food shortage, still global climate/crisis, oil crisis. If the next years become better, it'll slowed down the inflation.

[Poker Player]

In order to preserve the value of your money, it is good to look into assets, like bitcoin, gold and other valuable assets that people demand more for which increases their value over time, unlike government printed money (fiat).

Sure.

As we are in this forum, it is normal to talk about Bitcoin, about hedging against inflation with Bitcoin, and, in fact, since its inception, Bitcoin has been the best way to hedge against it, which we cannot be 100% sure will continue to be the case in the future. So, it is not bad to diversify with other assets as well.

About the projections being made, we cannot be sure, as I would be surprised if someone had predicted this year's inflation. What we do know is how to protect ourselves from inflation, and we have to act on that.

[cabron]

Inflation is planned ahead of time and sometimes they have the term "healthy inflation" there has to be inflation for the growth of economy but what is happening right now is not healthy since this is due to massive printing and WEF plans. Do we really believe it when they say Putins "Gas price Hike"?

BTC can be a hedge but don't take away gold for you diversification. Its proven to be stable since time.

[Despairo]

It's just a speculation by a calculation from the past inflation rate only, not the actual one. As you can see on 2021 and 2022 inflation rate is really high because of Corona disease and Ukrainian-Russian War, which is an unpredictable big events that would harm economy sector. Currently there's a new disease called Monkeypox, what if the disease will widely affected on 2024? the inflation rate will not 3.76% only, I think it would touch at least 5%.

[Hydrogen]

Some sources claim inflation will be transitory and temporary in nature. Which would correlate with an eventual downtrend to reduced inflation rates. Unfortunately, the historical track record of nations in addressing inflation once it hits, isn't the best. Inflation is like a black hole. Once you get sucked into it. There is usually no easy way out and it takes a long time to escape. The best way to escape inflation, is for everyone to be informed on what it is. To know the proper things to support to get rid of it.

The "money printer go brrrrrr" meme is great. But, do people know what it means? I still see many supporting things that lead to the money printer working in overtime. They say inflation is bad. High prices are bad. But they still support things that lead to higher inflation. Which is puzzling.

[$anounimus$]

In my view, the Report also evaluates the general threat of rising inflation rates and how global inflation rates may impact both companies and other sectors.
As shown from the Statista.com Table, in 2022 the percentage of inflation shows a figure of 7.4% but this is good from the fact that inflation remains under control. In 2023, the inflation rate will increase sharply by 4.85% and then another 3.76% in 2024. This means that we can expect a gradual increase in inflation and therefore we should have started to prepare for it, moreover ordinary goods like food and gasoline have also increased little by little as mitigation.

[Upgrade00]

As you mentioned, a global inflation rate would mean little to many people around the world. There are lots of countries, living in different realities, and that cannot be summarized into a general percentage.

About the prediction on the inflation rate going down over the next 5 years is probable, but depends on so many factors that it's almost impossible to predict. No one could have envisaged the lockdown of 2020 due to the pandemic or the oil crisis happening now due to the ongoing war in Ukraine.
Government fiscal policies also plays a huge role in how different countries react to inflation.

[fiulpro]

When we talk about inflation, there is usually a difference, a difference between " healthy inflation" and a different between " unhealthy inflation".

One can extend this topic to understand the " healthy inflation " according to the federal reserve :

The Federal Reserve has not established a formal inflation target, but policymakers generally believe that an acceptable inflation rate is around 2 percent or a bit below.

Which means that it's really hard to establish what's going on in today's world and how the government is not being able to handle everything, but with the pandemic and everything in 2022 one cannot just ignore how it can just push everything apart as well.

Inflation ( teeny tiny amount) ~ is parallel to a good economic growth 📈 thus one cannot always expect it to be nominal or none at all. Therefore everything that we are seeing at the moment is extremely unhealthy for the economic stability of the whole world.

[_BlackStar]

-snip-

They only predict without being able to convince me that the inflation rate will decrease in the coming years. Inflation is currently so uncomfortable that it has cost fiat a lot of value. My comment in another thread is that I'm starting to feel the effects of this inflation, but investing should lessen the effect in the long term. You've mentioned gold, bitcoin and other decent assets, I agree on that.

And one more thing, don't panic too much in facing this situation where we really have to save more expenses that are not really needed.

[_act_]

Statista is giving predictions for inflation by year. They are based on what is called historical data, which is a fancy way of saying they looked at what has happened in the past. The predictions are made using a computer model that is made to predict what will happen in the future.

These predictions are not always accurate, because the future is impossible to predict with 100% accuracy. However, the World Bank's predictions are generally quite accurate, because they are based on data from the past. It's probably using world bank as it's source. I couldn't confirm it tho, there was a paywall lol

Thank you, I guess as much that it would be a prediction, that means the world bank is even predicting that there would be inflation every year, it is better to always not thinking of saving in fiat, saving in bitcoin or going for investment like gold and real estate is better.

Those are speculations by the website itself. Well, it looks encouraging if those are actually going into reality.

Possibly it will become reality, inflation has been what is happening to countries over time, the government always have no option that to cause fiat declination, but to what extent the inflation can be will only be what we may not know, but inflation will certainly occur.

[edgycorner]

Thank you, I guess as much that it would be a prediction, that means the world bank is even predicting that there would be inflation every year

There is always inflation because the money supply is constantly increasing. The money supply is constantly increasing because the government is always printing more money. The government is always printing more money because it needs to pay for all of its spending and debt. There's another reason, people generally expect prices to go up over time. This expectation leads to people being willing to pay more for goods and services now, rather than waiting to buy them later when they may be cheaper. This creates a self-fulfilling prophecy, where prices continue to rise because people expect them to.

it is better to always not thinking of saving in fiat, saving in bitcoin or going for investment like gold and real estate is better.

Gold and silver better.
Cryptos are a risk asset, I wouldn't suggest investing more than 5% of your portfolio on it(if your purpose is investment). They aren't a counter measure to inflation.

[Rruchi man]

I could not really understand what this means, we are presently in 2022, but the inflation rate in 2023 to 2027 was included. What does this means? Is it accurate or just a prediction of what could happen in the future? What if the global inflation rate is lesser or greater during those coming year?

Staticians rely on mathematical numbers to make predictions via calculations. They collated data from the previous years and with mathematics found a sequences to make a prediction into the future. Because it is purely a mathematical prediction, some factors that can affect the inflation rate positively by lowering it are not put into consideration, what the prediction is based upon is if the present factors affecting it do not change, hence it is a prediction that cannot be relied on as it is based on fixed factors.

[_BlackStar]

everytime we see people and government making so much noise on inflation - yet if we go to market they are still rushy - the road are still rushy
We don't make an effort to do something real solid for the the betterment of the society. But we prefer going with the flow. So its not good to make so much noise online by sitting on comfortable couch.

Managing spending during inflation is one of the best pieces of advice for anyone feeling the effects of inflation, so it should be considered even if you can still afford to buy more than one item.

You should know that panic always occurs in the market, not only in the crypto market but in the real market where an increase in demand that is not balanced with supply makes the inflation rate worse. So having control over your spending is one of the best pieces of advice for anyone right now if you're hit by inflation.

[Doan9269]

Inflation is planned ahead of time and sometimes they have the term "healthy inflation" there has to be inflation for the growth of economy but what is happening right now is not healthy since this is due to massive printing and WEF plans.

Healthy or not healthy to me inflation is inflation and the opposite of it will always remain to be deflation, its not what anyone could expect to come into a system just like that without leaving a negative influence because it rises alone is a bad signal not to talk of it impact on the economy progress else, things could have been running as expected without inflation if there have not been lapses in balancing the economy in terms of demand and supply.

BTC can be a hedge but don't take away gold for you diversification. Its proven to be stable since time.

Bitcoin and gold could stand a better option here but bitcoin will be more preferred because of profitability.

[_act_]

There is always inflation because the money supply is constantly increasing. The money supply is constantly increasing because the government is always printing more money.

Do not get this wrong, their can be increase in money supply in a way no inflation will be seen in an economy, what causes inflation is government themselves, they do this to reduce foreign reserve depletion.

I am not saying that money printing can not cause inflation too, it can if the economy remain the same and not getting stronger. But other things also cause inflation, like increase in the price of food or anything in a country which can trigger inflation.

Let us also know that the government purposefully trigger inflation, but all because of a reason, to protect the reserved foreign currencies.

The government is always printing more money because it needs to pay for all of its spending and debt.

Which means this is true, but not only the cause of inflation. But if the money supply is increased, but with increasing economic output, inflation will not occurs.

quote author=edgycorner link=topic=5411476.msg60852380#msg60852380 date=1661848676]
Gold and silver better.
Cryptos are a risk asset, I wouldn't suggest investing more than 5% of your portfolio on it(if your purpose is investment). They aren't a counter measure to inflation.
[/quote]
Crypto is are risky assets, but bitcoin is better too, all you have to do is to invest at the right time when the market has significantly gone very low during bear market.