Inflation is a creeping beast

[lizarder]

My non-economist brain tells me that all is well when wage inflation at least matches price inflation but that situations like those in Venezuela or even Weimar Germany, i.e., hyperinflation.

When inflation is running and the minimum wage is balanced with prices, the impact of inflation will not be too severe, but the problem is when inflation starts to occur, staple foods are more susceptible to rising uncontrollably, this is where the real problem lies, because the burden will not be balanced with the minimum wage received.
In other words, the community's economy will deteriorate and the fulfillment of basic rights cannot be guaranteed during this period.
If the sector is the focal point, then it is best to stock up on as many basic necessities as possible, during periods of current inflation and when price pressures return to normal as usual.

I'd also say that the inflation rate of the 1970s was pretty bad, and that wasn't even close to hyperinflation.  I can't remember how high it was, but people still remember it to this day--and now when I go shopping for food, it seems like prices of certain items keeps going up week by week, so I have to wonder if we're going to see the inflation rate get as high as it was 40+ years ago.  It definitely seems that way.

I try to remember the Inflation of 1970, the digital footprint that remains is quite astonishing for us to reread, at least in 1960 to 1997, Inflation was so severe and widespread throughout the world, that many countries were on the verge of bankruptcy.
However, many countries have been able to get out of the inflation problem by using certain targeted problem-solving methods.
Everyone does not expect inflation to occur again in a more severe stage, because this will affect the stability of the country and the people's economy will deteriorate.

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[sayaya17]

Inflation is a problem that we will not be able to avoid if we still use a centralized financial system, people will think that by saving as much money as possible it will be successful, but if there is inflation then the value of the money drops drastically.

It is true that we are definitely affected by inflation and we must find solutions to deal with it. because after all we use fiat for our daily transactions.
So it is very difficult to avoid inflation, and don't think saving money in the bank or any bank product can solve the inflation problem. The value of
our money will indeed continue to decline and the interest rate for saving in the bank is very low, unable to overcome the impact of inflation.
The only way we have to collect assets that are not affected by inflation, for now I am investing in gold and crypto, it has proven to be able  to
overcome inflation. But to be able to buy gold and crypto of course we must have a large income, therefore I can't just rely on money from my main job
to deal with inflation. In the last few months I've been looking for as many side jobs as possible, because the more sources of income we have,
we can have large amounts of extra money, we can use it to buy assets such as gold and crypto that are not affected by inflation.

[gantez]

I'd also say that the inflation rate of the 1970s was pretty bad, and that wasn't even close to hyperinflation.  I can't remember how high it was, but people still remember it to this day--and now when I go shopping for food, it seems like prices of certain items keeps going up week by week, so I have to wonder if we're going to see the inflation rate get as high as it was 40+ years ago.  It definitely seems that way.

Looking with deep thought on the idea here, I begin to see reason with you and my mind go towards comparing then and now to see if there is anything as the reason for such "high" inflation that time in human history and now (which is high also) and why it is showing alot in homes reflecting hardship. I realize many things have changed in the past to now. I think let me try to list and explain brief to them.

1.  Population growth: I believe there is explosion in human population. When there is too much people on the use of some amenities, it will become difficult for that to last long, and so is product that too much people going to limited item this make it difficult for people to really get satisfied because price will go up. I think there was time some countries talk about birth control.

2. Agriculture is suffering: Because of war, erosion, environmental change, natural occurrence, this sector is not able to take care of the overgrown population.

3. Job losses: And back in the past there were lot of job available and families have work to do to take care of the homes but now only few jobs available for a constantly increasing population. Job losses is a big problem across the world even in America.

The problem is things really changed as it was in the past and population growth rate is high.

[Abiky]

The rich have a lot of ways to escape inflation, which is what makes its effects so unfair as the ones that suffer the most are the middle class and the poor, the rich have most of their wealth on hard assets, they either have real estate, businesses, jewelry, art, gold and now even bitcoin, so the inflation of fiat currencies does not really affect them that much if at all, but for the rest of the population the effects are massive, which is why people which were middle class before the crisis end up becoming poor.

The more people become poor, the better for the government. You can't have power if you don't have money. Inflation is only designed to benefit the rich, as it usually harms people in the lower and middle classes. Bitcoin has been shown to maintain its value over time, so it's likely more people will join it to help combat inflation. While Bitcoin has experienced a massive dip in price, it's still the best-performing asset on Earth.

Long-term speaking, Bitcoin should be able to stay afloat thanks to its limited supply of 21m coins. The deflationary mechanism of the cryptocurrency is what has made it a better alternative than Fiat. One way or another inflation will decline as central banks increase interest rates to strengthen national currencies. But inflation won't completely disappear because that's a unique property of Fiat. Who knows how long will it take for the global economy to be restored? Just my thoughts

[jaberwock]

It seems insane that people think we can pump hundreds of billions of dollars into endless wars and everything will turn out fine.

The sanctions on Russia are severely affecting ordinary citizens. Throughout history we've had countless examples proving that sanctions are ineffective at getting countries to comply with the US and Europe's demands yet we keep going down the same route knowing that many people's lives will be destroyed. People are paying many times more for groceries, gas prices are hitting record highs, and Europe is suffering an energy crisis but still you have all these batshit crazy warmongers cheerleading for further escalation with Russia, more sanctions and more money printing.

I mean isn't that the point? Russia did something bad, and there are sanctions, and they may or may not leave but that means they are going to get their lives destroyed?

Let’s be honest here, Ukraine did nothing wrong, they wanted to be in Nato and that’s their right, if they want to be in Nato they can be and Russia can't stop it, because if they stop it, that means Russia is de facto ruling another nation and that’s not acceptable.

Russia attacked, killed many innocent people, occupied lands in another nation, and you want west to just leave it be?

They helped Ukraine and sanctioned off Russia because they 100% deserved it, and their lives needs to be destroyed if they are fine about killing innocent Ukrainians, then we are fine with starving out Russians, isn't that normal? Stop the war, remove your soldiers, and come to terms that Ukraine is another nation you cannot meddle, and sanctions will be lift off.

[globalpain]

It seems insane that people think we can pump hundreds of billions of dollars into endless wars and everything will turn out fine.

The sanctions on Russia are severely affecting ordinary citizens. Throughout history we've had countless examples proving that sanctions are ineffective at getting countries to comply with the US and Europe's demands yet we keep going down the same route knowing that many people's lives will be destroyed. People are paying many times more for groceries, gas prices are hitting record highs, and Europe is suffering an energy crisis but still you have all these batshit crazy warmongers cheerleading for further escalation with Russia, more sanctions and more money printing.

I mean isn't that the point? Russia did something bad, and there are sanctions, and they may or may not leave but that means they are going to get their lives destroyed?

Let’s be honest here, Ukraine did nothing wrong, they wanted to be in Nato and that’s their right, if they want to be in Nato they can be and Russia can't stop it, because if they stop it, that means Russia is de facto ruling another nation and that’s not acceptable.

Russia attacked, killed many innocent people, occupied lands in another nation, and you want west to just leave it be?

They helped Ukraine and sanctioned off Russia because they 100% deserved it, and their lives needs to be destroyed if they are fine about killing innocent Ukrainians, then we are fine with starving out Russians, isn't that normal? Stop the war, remove your soldiers, and come to terms that Ukraine is another nation you cannot meddle, and sanctions will be lift off.

Let's stop blaming inflation for our failure - if we know its the inflation which is a creeping beast.
Then the only way of survival is financial freedom - earn money like crazy

True, inflation will continue to occur at any time, the value of banknotes will continue to decline because it is not supported by gold as a guarantor, it is time for the state to think that to print money then must get support from gold so that the value of currency will not drop as it is happening now.

The government must have thought of a solution to reduce the impact of inflation, whether it's in what form I don't know,
In addition, this condition is also exacerbated by global economic conditions that are not doing well,
It's really very complex and we'll see what happens next

[Zanab247]

Inflation is a common problem at any time, it is difficult to get rid of inflation, even countries that have very strict financial control are also often affected by inflation, and what the state does is continue to increase production so that the inflation rate can be controlled.

That is why other countries that made Bitcoin legal in all their communities  experience little inflation in their countries compared to those countries that they didn't make Bitcoin legal in their countries that is making their inflation higher than others countries that made it legal. I guess, many governments are working seriously to ensure they eliminate inflation from their countries by legalized Bitcoin to  educate the youths because the youths are the leaders of tomorrow.

[tygeade]

Inflation is a common problem at any time, it is difficult to get rid of inflation, even countries that have very strict financial control are also often affected by inflation, and what the state does is continue to increase production so that the inflation rate can be controlled.

I would assume that they are the main reason why we have inflation, let alone be able to control it somehow. I mean we are talking about government printing money which caused inflation this time around, which means that we are going to be in trouble for a while now because the only way out of pandemic they found was printing money and giving it to people, all of which ended up spending it to survive, so the money went to people who do not need it, but could store it aka the rich.

That's why I am not guessing that we are going to end up with any government help to get out of inflation neither, it's going to be us working hard to find a way to get out of it, without help.

[teosanru]

Every now and then we get new monetary policies and as money supply keeps growing too rapidly inflation sets in which inturn reduces the purchasing power of our various fiat currencies. This inflation don't just happen spontaneously it starts with a comfortable price hike everyone can cope up with and continually increase until it becomes noticeable.

It comes in stages the first face might only affect the poor and small scale entrepreneurs, the second phase might be a matter of concern for medium  scale entrepreneurs ,the third stage is when the large scale investors gets affected too and the final stage is when the producers start feeling the impact on the cost of raw material and reduction in production quality and patronage. Before this time there have been slight change in material cost but it might not be too obvious to stair national concern.

The world at this point needs a decentralised currency that can be monitored through a public ledger  that way excessive money printing will be curtailed and going by how challenging keeping up with the rapid inflation has become there is every tendency of having worst GDPs in coming years because if manufacturers and Producers fails to meet up the hight cost of production then they will in due cause turn to low standard products just to keep the demands and stay in production

People do argue that world needs a decentralised currency but honestly how will it solve the purpose? I mean think of a scenario where you need to buy vaccines for your country due to an immediate pandemic, now when you are using fiat it's easy you can just print more money and buy it and can foot the bill later but in case of a decentralised currency you are stuck, your people will keep on dying and you can't print more money you have to accomodate in just what you have.

[bitgolden]

The government must have thought of a solution to reduce the impact of inflation, whether it's in what form I don't know,
In addition, this condition is also exacerbated by global economic conditions that are not doing well,
It's really very complex and we'll see what happens next

I do not think that governments are as ready as you might imagine for the chaos we face. I mean they prefer to live in a perfect world so they could continue to be corrupt and still not hurt the nation if they possibly can.

In a world where everything goes badly, they can't possibly be corrupt AND still keep the nation going fine, so do they stop being corrupt? No, of course not, instead they keep being corrupt and still hurt the world. That is why there is no saving from inflation by governments, it will slow down of course but naturally and without help, because nothing can keep going up forever, so it will eventually be lower, but it will be due to time, not governments.

[Bazzu]

I admire those countries that are able to keep up and at least maintain the inflation rate into their economies.

While I feel bad for those countries that can't stand still and have been hit hard by the inflation rates. There's nothing we can do about them, they have to adjust and adopt the current situation and they have to do something or else, it's like just survival everyday especially for the middle income earners down to the poorest of the poor.

I personally also feel worried because so many of our brothers and sisters are suffering from high inflation. but personally I am very lucky to live in a country where inflation is not too severe, because I have a government that can handle inflation so it doesn't have a high impact on society.
Yes, I hope that the world economy will quickly recover and progress.

[blockman]

Let's for a. moment stop blaming the government for all our failures

Sometimes, even with how hard you do it if the government's rules aren't in favor of those people that are thriving hard, they'll blame their government for their failure. But if it's our own mistakes and faults, yeah, there's no need to pinpoint the government.

Only those who strive for the best excel in their life. Life is not a bed of roses and we all have to struggle hard to survive through the tough days.

But honestly, the government plays a role in uplifting people's lives. If they have policies that will help their citizens to excel in different sectors, everyone will be successful. However, they're just like guides and your path to success still relies on yourself. And in terms of inflation, their implementing policies plays the part on this important times to at least mitigate the continuous increase of it.

[Techkoy407]

inflation is so annoying
creeping in all areas, in all circles and in all countries.

what can I do with this fact, hopefully this world will rise again soon.

because if you continue like this, you don't know what will happen in the future.

[Joshapat]

inflation is so annoying
creeping in all areas, in all circles and in all countries.

what can I do with this fact, hopefully this world will rise again soon.

because if you continue like this, you don't know what will happen in the future.

Inflation is like termites that we can never avoid, since I know the price and money, namely when school, the value of money continues to decline, and now I have worked and the impact of inflation is getting higher and weight I feel.

[worldofcoins]

Every now and then we get new monetary policies and as money supply keeps growing too rapidly inflation sets in which inturn reduces the purchasing power of our various fiat currencies. This inflation don't just happen spontaneously it starts with a comfortable price hike everyone can cope up with and continually increase until it becomes noticeable.

It comes in stages the first face might only affect the poor and small scale entrepreneurs, the second phase might be a matter of concern for medium  scale entrepreneurs ,the third stage is when the large scale investors gets affected too and the final stage is when the producers start feeling the impact on the cost of raw material and reduction in production quality and patronage. Before this time there have been slight change in material cost but it might not be too obvious to stair national concern.

The world at this point needs a decentralised currency that can be monitored through a public ledger  that way excessive money printing will be curtailed and going by how challenging keeping up with the rapid inflation has become there is every tendency of having worst GDPs in coming years because if manufacturers and Producers fails to meet up the hight cost of production then they will in due cause turn to low standard products just to keep the demands and stay in production

Inflation is not a problem of one country or nation; in the current ERA, it's an emerging global problem that almost every country faces. Also, there aren't any specific factors that can be responsible for inflation. There can be buna ch of reasons which can lead towards inflation. But I'm afraid I have to disagree with the idea of decentralized currency, as it would not be fruitful for the economy because of its decentralized status and having no regulatory authority. Only sufficient investment and proper financial planning and budgeting can help to control inflation.

[ingiltere]

There has always been and always will be inflation. There will also be economic crisis in certain periods. Sometimes it will be local, sometimes it will be universal.
From the state's point of view, the solution is not decentralized currencies. Governments always want to control money as long as they exist. There cannot be a government that says okay I'm giving up my right to print money. Eventually it gets into a vicious circle. Printing more money, rising prices, higher felt inflation, less declared inflation in official data, and the resulting decline in the purchasing power of the people.

Inflation is not a problem of one country or nation; in the current ERA, it's an emerging global problem that almost every country faces.

Every country has different inflation numbers. For developed countries it's way too lower and in countries such as Argentina, Brasil or Türkiye it's sometimes 10 times more.
For example, the inflation declared in our country is around 80%, but it's over 150% according to another unofficial research institution. When you go to the market, you can see that there is at least 200% inflation in last one year. The government is working very professionally to manipulate these figures. I wish they would really do this work on fighting inflation, instead of showing the numbers low.

[Cookdata]

Let's for a. moment stop blaming the government for all our failures
Only those who strive for the best excel in their life. Life is not a bed of roses and we all have to struggle hard to survive through the tough days.

If economy is bad, nothing good works fine in that environment, say the businesses, the rising cost of food, increased in cost of production, increase in low quality products as most companies would want to minimize cost of production and maximize profits, there would be mad inflation, so tell me why would peoples life not be miserable when the government are not doing their own part.

If the people wish to survive, the government must do their part to keep things in good shape so that whatever the little resources the people have, they can live fine regardless of the financial level, otherwise even the richest man will shades tears one day and would eventually blame the government for his misfortune.