How is the cost of living in your country?

[The Sceptical Chymist]

It's crazy, I'll start with the real estate before the actual cost of living. The properties here have doubled but I hope that they'd drop dead soon because no one wants to spend their money on these uncertain times.

I know your post is a bit old, but I missed it and this thread for some reason.  Whatever, you nailed it right on the head with real estate (and rental) prices.  Don't know what country you're in, but the US this is what the market for single family homes has been like for the past 5 years:

https://www.redfin.com/us-housing-market

That varies by state, but no matter how you slice it, that's a lot of money to own a home.  And I've seen the price of apartment rentals skyrocket in the past 10 years; it's amazing that there aren't homeless people living on every single block in the US.

And this is what inflation has looked like in the US roughly since before COVID botched everything up (in percentages):

https://www.usinflationcalculator.com/inflation/current-inflation-rates/

Fortunately it looks like inflation is coming down, hence all this talk about interest rate cuts and such.  I'm waiting for a sustained trend before I believe we're not headed toward hyperinflation--but maybe that's the bunker-building, tin-foil-hat-wearing paranoid sidewalk-screamer in me talking.  Heh heh.

[Bd officer]

In my country Bangladesh, the prices of goods are constantly increasing day by day, as a result of which the standard of living has become so poor that the common people are struggling to live a good life. I have beef at $8 per kg, rice at 60 cents per kg, sugar at $1.2 per kg.  Potatoes at 70 cents per kg. It has become difficult for common people like me to support the family with low income money.  If this continues, we will have to face a major disaster in the distant future.

The way inflation is happening in Bangladesh, it seems that in the near future the people of Bangladesh will fall into famine and even the lower middle class people will die without food. Because the prices of foodstuff, clothes and other things are increasing in this country which is a threat to the middle class and lower middle class people.

I am giving an example of the price of common edible oil in Bangladesh, currently the price of soybean oil in this country is Tk 200 per liter i.e. two dollars but earlier it was only Tk 100 per liter. Which has almost doubled compared to the previous price. Not only this product, there are many other products which are necessary for our life and their prices have almost doubled. Even though the price of goods has doubled, people's income has not been opened and even their income has not doubled. Prices of gas, oil, rice and pulses have increased. All in all, the cost of living in our country has almost doubled.

You are right, currently the situation in Bangladesh is going to be dire. As the prices of food items are starting to increase day by day, it has become difficult for common jobbers and day laborers to run their families. Meanwhile, the dictatorial government in our country, Sheikh Hasina, has resigned. Today I saw in the news that our Bangladesh has a huge debt, to repay the debt, more VAT will be levied on food products, then the price of food products will increase. In our country where I live a day laborer earns around ($4+-) per day. You have mentioned how much the price of food products in Bangladesh has increased, then how will a day laborer manage his family? How will a day laborer collect money for the future? In a word, it can be said that it has become very difficult to run the family of low class people in our country.

[DaNNy001]

Such discussion has happened before. The world is now facing many economic problems and high inflation is driving up the cost of living in every country. Especially in the countries of Asia and Africa, the situation is worse.

 I am a Bangladeshi citizen. I used to be able to live here very cheaply. But now it has become very difficult to live here.  Food products, clothes, house scaffolding are very much on the other hand unemployment rate is also very high.  Therefore, the middle class and lower class people are spending their days in very dire conditions. Where a person is earning $80-$300 per month, a single person's monthly expenses are $150+ so how can a person support a family with his salary.  So you think how difficult it is for me to live here and how expensive it is

I heard about the ongoing crisis in Bangladesh, the worlds economy is crumbling coupled up with Crisis in different Nations, I'm from Nigeria and a lot is happening in my country too, the average man can't afford basic things anymore cause the inflation is unlike anything we have ever seen, depending on salary alone would be a very dangerous thing to do cause you might end up in a lot of debts.. it's time to take advantage of the internet and make money from it, the presidents and leaders don't care about their citizens, so people have to make a way for themselves