How is the cost of living in your country?

[Smartprofit]

I am a 32 year old male living in Australia.

Today I purchased some fresh fruit, a loaf of good bread, good quality milk and 2kg of chicken drumsticks for my German Shepherd (he eats human food only) and the cost was close to $50.

I feel this is the first time in my adult life I have genuinely noticed the rising cost of goods and services especially groceries.

Petrol is over $2.10 a litre and my water and electricity bills have also increased by about 15%.

I really feel bad for the elderly pensioners in this country. They are definitely struggling.

I would be curious to read of the experiences others around the world are having in regards to their cost of living.

If only there was a way for me to go back in time to when I could buy a crate of eggs (usually 30 pieces) for less than a dollar, now it has 5x in my country, you need nothing less than $5 to buy a crate of eggs, things are so expensive in the sense that the money we earn these days is below minimum wage, you can't do anything tangible the very moment you receive your paycheck, and it is killing the citizens, this recession is not limited to some countries, it is worldwide.

Inflation began when we went under absolute lockdown, and it is still going on right now even after everywhere is opened. The stock market is a testimony that we are all screwed from that time, but it appears that we were all misled by the 2021 market pump, or should I say recovery, that everyone hyped so hard.

In my country, 10 chicken eggs cost about 1-1.5 US dollars.  Rent an apartment - studio in the city center - 720 US dollars per month.  

People buy products at a discount or switch to lower quality products.  Sometimes manufacturers mask the rise in price of their products.  For this, products are packaged in bottles and cans of smaller volume....  

For example, the price of sour cream does not change over time.  However, earlier, 1 dollar could buy 500 grams of sour cream, then 400 grams, and now only 330 grams.

One thing businessmen do in my country to raise their profits and keep the prices stable for customers is to change the ingredients of the products a little bit. Let's pick milk cream. It has been always made of milk, but now you hardly find pure milk cream on the supermarket for sale, because they created a new category of milk cream made of the serum of the milk. It's basically using the milk for something else, and what remains and should be discarded, they use to create another product, but with very inferior quality, flavour and nutrients.

In my country, food products can be produced according to GOSTs or TUs.  

State standards are a production technology developed in the USSR.  At that time, food products were made from natural raw materials (there were no artificial ones yet).  State standards for food production guarantee the natural composition, good taste and excellent nutritional value of butter, cottage cheese, fish caviar and other products.

If a food product is manufactured according to specifications(TU), then its composition can be any.  In particular, the product may contain a very high amount of palm oil.

[ivankoh]

The average cost of living depends on the city or suburbs of each country.  According to the general situation of gasoline prices, followed by an increase in food prices, my family's cost of living also increased nearly 2 times compared to 2020. Not to mention the cost of children's education.  It's too bad that this year's economy is expected to continue to go down, it will make everyone's life much more difficult.

[gabbie2010]

The cost of living has drastically increased in my country partly due to the current global inflation due to my country partially reliance on import of some goods especially spare parts and raw materials for some industries, while shortage and scarcity of fuel particularly petrol and diesel had also affected a lot in terms of cost of productionin many companies consequently lead to increase in prices of goods and services, a lot of people had to apply scale of preference in buying their stuffs because a lot of workers earned a living wage which is absolutely indequate to cater for all the living expenses.

[bbigtart]

Wow, the world is in a lot of trouble right now. Just think of how much it will cost to feed a family if you spend $50 on your dog. The issue is that most of the policies the government is implementing are not for the less fortunate, and the cost of fuel has increased to the point where it is affecting the prices of other commodities because many people find it difficult to transport food.

Yes, it's true, the increase in fuel and food prices will be worse than before because the world is facing an endemic phase and the Russian-Ukrainian War which makes the food sector experience greater demand than the amount that can be produced.
This is where the government must make the right policies so that food prices return to normal, it's a pity that food traders and entrepreneurs are threatened with bankruptcy. People with low incomes also have an impact.

[Negotiation]

The economic condition of many countries in the world is bad, the government has generally increased the cost of everything for the betterment of the country. The biggest obstacle is inflation is known to understand how much money a person has to spend more than before for a particular service or product, and it affects his lifestyle. If income does not change, then people are forced to buy less than they need their savings fall and other sectors have to cut back on spending.

[erep]

Yes, it's true, the increase in fuel and food prices will be worse than before because the world is facing an endemic phase and the Russian-Ukrainian War which makes the food sector experience greater demand than the amount that can be produced.
This is where the government must make the right policies so that food prices return to normal, it's a pity that food traders and entrepreneurs are threatened with bankruptcy. People with low incomes also have an impact.

The effect of rising fuel, electricity and food prices is the main trigger that influences the increase in prices of all other goods, the government should find a solution to subsidize the needs of basic goods and fuel prices to reduce the price of goods, but the government's efforts have not been optimal so far and people are increasingly suffering from the effect of the current price increase, they have lost their jobs from mass layoffs, their cost of income is lower than the salary of their previous job.

[Finestream]

You arent the only ones who are experiencing these huge spike on prices from good to necessities that we  do need on day to day living or simply talks about inflation which it could fucked up someone in long run.

This is why it would really be that sensible that you would really be looking for some side income if you do find out that you are really that in short just to make yourself survive on day to day living.

You arent the only ones had noticed it out but all of us who do live from middle-low class standard.If you are those ones who are living on the top chain then you wont really be bothering
yourself since you could really be able to afford everything.

I have to agree that everyone today is really experiencing increased prices when it comes to our basic commodities down to it’s not so important ones. This is a solid proof that inflation will never do good anything in the long run. So if you think OP you are starting to struggle, then increase your income and find some jobs that you are also capable of doing it productively, and one that will also give you good compensation. The more resources you have, the higher chances you’ll never be financially troubled.

[kawetsriyanto]

The effect of rising fuel, electricity and food prices is the main trigger that influences the increase in prices of all other goods, the government should find a solution to subsidize the needs of basic goods and fuel prices to reduce the price of goods, but the government's efforts have not been optimal so far and people are increasingly suffering from the effect of the current price increase, they have lost their jobs from mass layoffs, their cost of income is lower than the salary of their previous job.

If you expect the government to subsidize the basic necessities, you will get nothing.
You must understand that the price increases of fuel, electricity, and some foods are caused by the revocation of subsidies.
So, it makes no sense to hope the government to subsidize the basic necessities. They surely won't think about it, they even want to revoke the subsidy on other sectors. 

Yep, people have serious problems with their financial strength. Many people are jobless because of the reduction of company employees, some people get decreasing a lot in their monthly income because of payroll deductions. While the job vacancies are becoming scarcer. These big problems to solve by ourselves.

[erep]

If you expect the government to subsidize the basic necessities, you will get nothing.
You must understand that the price increases of fuel, electricity, and some foods are caused by the revocation of subsidies.
So, it makes no sense to hope the government to subsidize the basic necessities. They surely won't think about it, they even want to revoke the subsidy on other sectors.  

I am very concerned that at least the government maintains the subsidies it has facilitated for the people for years, but removes the subsidies when the people's economy screams. The government's move was very bad because the people did not get facilities from the tax fees they had to pay every year. I expect the government from the new leadership to care about the people more than everything and the prospective leaders from among intelligent people who always have the option to prioritize the welfare of the people.

[Lanatsa]

You arent the only ones who are experiencing these huge spike on prices from good to necessities that we  do need on day to day living or simply talks about inflation which it could fucked up someone in long run.

This is why it would really be that sensible that you would really be looking for some side income if you do find out that you are really that in short just to make yourself survive on day to day living.

You arent the only ones had noticed it out but all of us who do live from middle-low class standard.If you are those ones who are living on the top chain then you wont really be bothering
yourself since you could really be able to afford everything.

I have to agree that everyone today is really experiencing increased prices when it comes to our basic commodities down to it’s not so important ones. This is a solid proof that inflation will never do good anything in the long run. So if you think OP you are starting to struggle, then increase your income and find some jobs that you are also capable of doing it productively, and one that will also give you good compensation. The more resources you have, the higher chances you’ll never be financially troubled.

We are all affected with inflation which is something that inevitable to happen as we do able to observe on whats happening year by year if we do speak or talk about commodities or necessities price increase which

there's nothing we can do but to deal with it.Yes, for those people who do only earn that small amount would really be having the daily challenge on living which it would really be that
normal that we should find out other sources of income for us to live decent.

If not, then you would be finding yourself to starve on the side and would be struggling it out.

[Sanitough]

Cost of living here in the Philippines is pretty cheap compared to other countries, but the salary and wages isn't on par with the price of goods. I live alone, have two jobs and live near the city. What I earn is more than enough for me and some other hobbies that I have. Total budget every month never exceeds $600, and that includes rent, bills, food, and gas for my car. However, the quality of the food I eat is a little compromised; I seldom have any greens on my food because of how crazy expensive they are here. Meat is somewhat cheap, and that is what's usually on the menu. Any other comforts in life, I can afford but choose not to because I'm trying to save and invest in order to retire early.

That’s the sad reality that wages aren’t even increasing so it can somehow cope up with the increasing prices of basic commodities, the reason why mostly low waged workers are put into even more worst situation and can’t even imagine how they put food table on the table considering everything is already high priced. Maybe this is now the best time to go out from our comfort zone and explore other jobs outside our main job. At least, we will have more sources of income that will enable us to still live a good life.

[MiliMil]

The economic condition of many countries in the world is bad, the government has generally increased the cost of everything for the betterment of the country. The biggest obstacle is inflation is known to understand how much money a person has to spend more than before for a particular service or product, and it affects his lifestyle. If income does not change, then people are forced to buy less than they need their savings fall and other sectors have to cut back on spending.

Everything has increased in Australia too. The class gap has widened dramatically.

The housing problem is also ridiculous, literally hundreds of people show up to inspect one property.

I'm not complaining because I understand there are people who have much bigger problems and are in worse situations.

I hope things get better for everyone as soon as possible.

[AnonBitCoiner]

In my county everything is very costly and a normal person cannot afford it. There are lots of people who are homeless and they cannot fulfil their daily needs and requirements. Salary of single person is not enough for living a happy life.

There's need a very conscious mind and hardworking people because without doing double jobs no one can achieve his life goals. The cost of petrol in my country is very high, not just petrol but all edibles things are also very costly here.

People with government jobs also become a participant of another field in which they can find good source of income. Like that is cryptocurrency investment and trading so people in large number join this field for enhancing worth and to make their life happy.

[GeorgeJohn]

Commodities are getting higher in different countries, i believe that it's not only in Australia things are getting increase in a country, sometimes i portion blame to government of a country, because i noticed that every difficulty everyone is facing in her country is the course of the president of the country and the law markers of the country, because things start getting tough in a country when they are experiencing challenges in their economy, and if the management of the country economy hesitate to fixe the economy condition of a country things will continue to accelerate with hardship of higher price, so the condition of a country rely on the governing council.

[EFS]

If you think inflation is high in Australia you would be shocked if you lived in Türkiye. The price of everything went up at least three times last year. It's almost impossible to live decent if you don't have side jobs. Minimum wage is very low and most people get paid by minimum wage. People cut luxurious expenses long time ago. Now even grocery shopping is difficult. People can't eat enough meat. The gap between the rich and the poor has widened so much.

[Lanatsa]

If you think inflation is high in Australia you would be shocked if you lived in Türkiye. The price of everything went up at least three times last year. It's almost impossible to live decent if you don't have side jobs. Minimum wage is very low and most people get paid by minimum wage. People cut luxurious expenses long time ago. Now even grocery shopping is difficult. People can't eat enough meat. The gap between the rich and the poor has widened so much.

Rich people becomes even more rich and the poor becomes even more poorer which is mostly the case for most countries which does have this kind of economic problem.We do know on what are the difference in

between two which would really put off the balance.Same here on our country on which the goods had rosed up 2-3x too which if you are really just an average wage earner and doesnt have any other income

source then you would really be having a hard time on living a life which you would be able to provide on whats needed and necessary but as much as possible
it would be better if you do have other income source.

[Uruhara]

The cost of living in OP's country seems to be quite high when compared to the cost of living in my country. But I think the salary in a country with a high cost of living will certainly make the salary in that country relatively higher too. adjust to the high cost of living. so that the people there will still be able to buy all their needs even though at a slightly higher cost than in other countries.

Per capita income is usually used as a benchmark in determining the level of prosperity of a country. but I think those benchmarks are often off the mark. many factors that cause it such as uneven employment opportunities. and there are still many factories or industries that pay their employees below the standard salary determined by a country.

And talking about the cost of living in my country, I think the economy here is quite stable. The increase did occur in various sectors affected by inflation. but purchasing power is still not reduced. At least that's what I noticed around me.

[BALIK]

Cost of living here in the Philippines is pretty cheap compared to other countries, but the salary and wages isn't on par with the price of goods. I live alone, have two jobs and live near the city. What I earn is more than enough for me and some other hobbies that I have. Total budget every month never exceeds $600, and that includes rent, bills, food, and gas for my car. However, the quality of the food I eat is a little compromised; I seldom have any greens on my food because of how crazy expensive they are here. Meat is somewhat cheap, and that is what's usually on the menu. Any other comforts in life, I can afford but choose not to because I'm trying to save and invest in order to retire early.

That’s the sad reality that wages aren’t even increasing so it can somehow cope up with the increasing prices of basic commodities, the reason why mostly low waged workers are put into even more worst situation and can’t even imagine how they put food table on the table considering everything is already high priced. Maybe this is now the best time to go out from our comfort zone and explore other jobs outside our main job. At least, we will have more sources of income that will enable us to still live a good life.

When inflation occurs, businesses will also suffer heavy losses, so the possibility of a salary increase is very unlikely. To deal with inflation, with the cost of living rising, do not expect government or company policies to raise wages, instead, find your own way. Finding myself some other source of income, doing more than usual, that's what I'm doing to get through this tough time. I know the government needs to be accountable to the people, but I don't want to sit there waiting for them and do nothing.

[LogitechMouse]

Today I purchased some fresh fruit, a loaf of good bread, good quality milk and 2kg of chicken drumsticks for my German Shepherd (he eats human food only) and the cost was close to $50.

I smiled when I saw that you're giving you have a budget for you doggy.
As a dog lover, I always love if I saw other dog owners giving the care the dogs are needed. Always take care of you and your dog and wishing that doggy a long life.

~
I would be curious to read of the experiences others around the world are having in regards to their cost of living.

The cost of living here in our country didn't increase that much compare to other countries, but the salary of employees here especially those who are earning minimum wage on a daily basis are having a hard time budgeting their salary.

Prices of goods and other things went up, but salary still isn't enough. The minimum wage increased from $9.75 to $10.35 and that's on the capital of our country. In some provinces, the minimum wage is lower, but the prices are lower as well. Point is the salary of an minimum employee here in our country isn't enough or barely enough for a family to feed.

With this, I've seen some people who are eating twice a day instead of 3. There are some who are budgeting their money really tight to the point that they are lessening the food that they're eating. Worse is that, there are some who are begging on the streets already which is quite unfortunate. I can say that I'm fortunate that the increase of goods and other things here in our country didn't affect me that much, but I admit that the times I'm putting money to my emergency funds decreased. Still grateful.

[slapper]

Cost of living here in the Philippines is pretty cheap compared to other countries, but the salary and wages isn't on par with the price of goods. I live alone, have two jobs and live near the city. What I earn is more than enough for me and some other hobbies that I have. Total budget every month never exceeds $600, and that includes rent, bills, food, and gas for my car. However, the quality of the food I eat is a little compromised; I seldom have any greens on my food because of how crazy expensive they are here. Meat is somewhat cheap, and that is what's usually on the menu. Any other comforts in life, I can afford but choose not to because I'm trying to save and invest in order to retire early.

That’s the sad reality that wages aren’t even increasing so it can somehow cope up with the increasing prices of basic commodities, the reason why mostly low waged workers are put into even more worst situation and can’t even imagine how they put food table on the table considering everything is already high priced. Maybe this is now the best time to go out from our comfort zone and explore other jobs outside our main job. At least, we will have more sources of income that will enable us to still live a good life.

When inflation occurs, businesses will also suffer heavy losses, so the possibility of a salary increase is very unlikely. To deal with inflation, with the cost of living rising, do not expect government or company policies to raise wages, instead, find your own way. Finding myself some other source of income, doing more than usual, that's what I'm doing to get through this tough time. I know the government needs to be accountable to the people, but I don't want to sit there waiting for them and do nothing.

I had never imagined that such a perspective could exist. Indeed, it would be most advisable to explore unconventional channels of financial gain during these turbulent times. However, one cannot overlook the obligation of the government towards the citizenry. After all, we are taxed to fulfill a specific purpose, are we not? It appears that the governing authorities are not doing enough to alleviate our struggles, which is disconcerting. Nevertheless, it is incumbent upon us to seize control of our destinies and pursue avenues that would lead to financial stability. Although this may not be a simple feat, we shall persevere and triumph in the end.