How is the cost of living in your country?

[sekalitas]

Hi Guys,

I'm curious to know if there is a cost of living crisis in your country and if you are feeling the effects of rising goods and services.

I'm Australian, and the inflation rate in 2023 was over 4%.

I have noticed significant increases for everyday essentials like food, petrol and utilities.

The cost of petrol is around $2.10AUD per litre, which is insane.

Let's hope things improve in the near future because the current state of things is unsustainable.

In my country the inflation rate in 2023 is about 3,71 % and for this year 2024 is estimate to be about 2,56 % based on statista website . as for petrol is around 0.5$ per litre . 

As for cost of living , hmm for staple food like rice the price is quite high this year if we compared to 2023 , is about 0,07$ higher but the price for fish is more cheaper than last year . As for rental housing prices, they seem to be about the same based on information from my friends.

I think the problem in my country is about high unemployment rate , last time i heard news about 10 million gen Z unemployed , so it quite hard for living even though the cost of living hasn't change much .


Source:

• https://panelharga.badanpangan.go.id/
• https://www.oto.com/en/harga-bbm
• https://www.statista.com/statistics/320156/inflation-rate-in-indonesia/
• https://www.bps.go.id/en/

[Strongkored]

I'm surprised by the price of petrol in your country which is around $2.10AUD, whereas in that country it's around 1 USD per liter (1.55AUD) even though my country is a third country, while your country is a developed country, even the average wage of people here is only 250 USD per month, and I bet that the average wage of people in that country is far more than my country - and you say that it's already hard enough because of the increase in prices and goods in your country, what about my country? lol. I feel like it's a joke that I don't feel anything that significant, or that people in my country are used to economic difficulties so they don't feel those difficulties that much? lmao.

Everyone experiences their own difficulties, we might think that people who live in rich countries will not experience problems with rising prices due to inflation but apparently, this is not the case.
There are countries where petrol prices are more expensive and even the minimum wage in these countries is lower than in countries with lower petrol prices, like Hong Kong where petrol prices reach more than $3 and the minimum hourly wage is around $5, based on this website:
Minimum Wages | Asia
Gasoline Prices | Asia

The price of petrol in my country is still below $1, but the decline in the value of my country's currency is quite worrying. This will slowly start to have an impact on food prices, and the people who suffer the most are people with salaries below standard because there are so many in my country. The world economic situation is uncertain and all countries are experiencing impacts, but countries with few job opportunities will make their people suffer even more. Becoming a migrant worker to a rich country might be a solution, but not everyone is successful in becoming a migrant worker.

[kryptqnick]

Hi Guys,

I'm curious to know if there is a cost of living crisis in your country and if you are feeling the effects of rising goods and services.

I'm Australian, and the inflation rate in 2023 was over 4%.

I have noticed significant increases for everyday essentials like food, petrol and utilities.

The cost of petrol is around $2.10AUD per litre, which is insane.

Let's hope things improve in the near future because the current state of things is unsustainable.

I guess people from different countries have a different understanding of what's a bad situation. My country had 26.6% inflation rate in 2022, then 5.1% in 2023. Adjusting at the beginning of 2023 was difficult for me because I just came home (I wasn't in my country for most of 2022), and I was shocked by the prices. Honestly, I think they rose even higher than by a quarter. It felt like they almost doubled. But that's nothing, compared to the fact that there's a war in my country, with even peaceful cities experiencing daily air raid alerts and pretty frequent missile attacks. And even that is nothing, compared to mobilization and the things soldiers are going through. So it's all perceived in comparison. I wish my issue was a 4% inflation rate.

[0t3p0t]

Here in my country we have a slight increase of 1% this month which results in overall inflation of 3.9% but it is still ideal destination for retired foreigners who wants to settle down because conversion rate of dollar in here is quite high. But if we are talking about prices and wages as a local it's quite lower for me compared to other countries and the purchasing power is not that good since our local currency is depreciating it's value against the dollar so yeah that is why foreigners love to visit my country. 😅✌️

[Zlantann]

Hi Guys,

I'm curious to know if there is a cost of living crisis in your country and if you are feeling the effects of rising goods and services.

I'm Australian, and the inflation rate in 2023 was over 4%.

I have noticed significant increases for everyday essentials like food, petrol and utilities.

The cost of petrol is around $2.10AUD per litre, which is insane.

Let's hope things improve in the near future because the current state of things is unsustainable.

We have been having double digits inflation (33.69% in April 2024) since last year which has contributed to a high price of goods. The price of goods and services has doubled over the years and fuel prices have increased by about 300%. The major problem is that the minimum wage has not been increased to help workers afford basic needs. The government has kept promising that pricing will drop but the opposite keeps happening. I also hope that things will change for the better very soon because there has been an increase in deaths due to hunger, suicide, and also high rate of crime.

The minimum wage in Australia is around $23-$24 AUD which is very good but rent, groceries, travel expenses etc are ridiculously high and seem to be increasing all the time.

It seems traveling or holiday is a basic need in Australia. In my country we are struggling to survive, so we spend only on essential needs. Many people will be happy to migrate to your country because it has better living conditions than many countries in the world.

[yhiaali3]

In my country, the economic situation is much worse, as the inflation rate may exceed 100% due to strikes, successive internal and economic problems, high fuel prices, and government corruption. The government has failed to find solutions. On the contrary, it plays a major role in making the situation worse and worse.

The main problem is the high prices of the basic fuels of the economy, such as gasoline, diesel and gas. The high prices of petroleum derivatives naturally lead to the high cost of all goods and production materials that need petroleum derivatives, whether in production or transportation.

[X-ray]

Here in my country we have a slight increase of 1% this month which results in overall inflation of 3.9% but it is still ideal destination for retired foreigners who wants to settle down because conversion rate of dollar in here is quite high. But if we are talking about prices and wages as a local it's quite lower for me compared to other countries and the purchasing power is not that good since our local currency is depreciating it's value against the dollar so yeah that is why foreigners love to visit my country. 😅✌️

the fact that conversion rate of dollar to your local currency is high and that living cost probably cost less could be a good opportunity for the government to start advertising as being a holiday destination in my opinion, it could help strengthen the currency and if its becoming among one of the most sought after destination they can easily increase their income from the tourism sector and from there on the country could build the other sector as well.
I've seen many countries in the less developed region doing the exact same thing and have been doing well so far, prominently around south east asian countries that advertise so diligently in other countries about their tourism, even middle east like dubai right now trying to attract tourism I guess with all the big project they have.

weak local currency isn't great but there's always ways to make for something, meanwhile the people in developed country are having fierce competition for big earners and the housing crisis that just probably not gonna solved,
its pretty though and I predict that digital nomads gonna increase overtime.

[MiliMil]

Aussie here too.

Australia is no longer considered the "lucky country".

A few years ago $50 on my opal card would last me a week and a half. It now lasts me 3 days.

COVID + inflation + increased immigration has been a recipe for disaster.

[cryptoWODL]

Hi Guys,

I'm curious to know if there is a cost of living crisis in your country and if you are feeling the effects of rising goods and services.

I'm Australian, and the inflation rate in 2023 was over 4%.

I have noticed significant increases for everyday essentials like food, petrol and utilities.

The cost of petrol is around $2.10AUD per litre, which is insane.

Let's hope things improve in the near future because the current state of things is unsustainable.

I live in a South Asian country, in our country nowadays the prices of all the daily necessities are on the rise. Life has become difficult for common people living in this country including people of various professions especially those with low paying jobs.

As inflation is very high in our country, people are struggling to buy food with money. There is no shortage of food but lack of money is piling up on the shoulders of common people. Businessmen of this country syndicate various products and then when they see that they are in short supply in the market, they sell the stocked products at high prices and earn double profit. And ordinary people have to suffer.

Also, not only petrol, our country has various oils like diesel, kerosene, octane and edible oil, their prices have almost doubled compared to the previous prices. But now for some time their prices have decreased again but still the suffering of people has not reduced. Currently in our country the price of petrol, diesel and octane is around 1.10$.

[milewilda]

Hi Guys,

I'm curious to know if there is a cost of living crisis in your country and if you are feeling the effects of rising goods and services.

I'm Australian, and the inflation rate in 2023 was over 4%.

I have noticed significant increases for everyday essentials like food, petrol and utilities.

The cost of petrol is around $2.10AUD per litre, which is insane.

Let's hope things improve in the near future because the current state of things is unsustainable.

Each country does have that different % when it comes to inflation year by year but whatever percentage it would be, on which any positive increase does means that it would really be that a disaster
specially into those peopel who are really just that depending their living into the money that they are getting into their day jobs on which year by year it would really be that lessening its purchasing power
and that what makes it hard on surviving. It would really be that unfortunate if there would really be no having that kind of balancing in between increase of salary wages in together with that inflation because
if this one would really be that remain stagnant then you would definitely be having a hard time on coping it up. This is why it would really be wise that you should really be that trying out to look for another
source of income and not really just that focusing on one.

Yes, its not easy but doesnt mean that you would really be just that contented on what you are doing now because sooner or later at the moment that you would be just staying on where you are
the this inflation could really be giving out that kind of life condition on which you would be able to feel up the struggle.

[leonair]

Inflation is much higher this year than last year in my country. Due to this, the price of dance essentials has increased, but the value of money in our country has dramatically decreased. According to the condition of our country, it has become challenging for lower middle-class people to move. Their life has become difficult. They live without eating a meal if they can eat twice daily. But the value of our country's memories and loved ones cannot be reduced in any way.

[Z_MBFM]

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

[ChiBitCTy]

I'm in the United States and is pretty damn expensive living here.  I did just recently move out of Chicago, which was insanely expensive.  The other issue is if you rent, a lot of landlords tend to try and jack up the prices on you.  They give you a pretty decent price to start, but then try and jack up the prices each year.  They know that you just moved and likely don't want to keep moving, so they try and take advantage.

Inflation I believe is roughly about 4% here too.  I love better than it was 2-3 years ago.

[Antotena]

Hi Guys,

I'm curious to know if there is a cost of living crisis in your country and if you are feeling the effects of rising goods and services.

I'm Australian, and the inflation rate in 2023 was over 4%.

I have noticed significant increases for everyday essentials like food, petrol and utilities.

The cost of petrol is around $2.10AUD per litre, which is insane.

Let's hope things improve in the near future because the current state of things is unsustainable.

This is June and I'm expecting to see the new the inflation rate of May, the available one is that of April and it is 33.20% and to be frank with you, life is so unbearable, life is hard and very difficult for everyone due to the economy reforms from the new government, you can't see anything in this country that is the same price as that of last year, the food inflation is so high that food has doubled in price and some necessities has even triple without alternative, you just have to buy them like that and use.

Another challenge my country is having is as a result of insecurities, there is high rate of kidnapping and banditary in areas where agriculture and farming are been practice this most and this has lead to a lot of low food supply with increase in the price because many farmers HD refuse to return to the farm. Currently, the price of tomato has triple that even some traders refuse to buy because there is no gain to make from selling it. Sometimes, I wish I can go back to early 2000s and start life afresh.

[Mame89]

The way things are in my country has made most of our youths to start indulging themselves in some kind of illegal activities and our government is not actually doing anything which is why corruption is getting higher each day but we pray that God will always see us through and we will also try our best to survive even when it's not easy.

The reason why corruption is getting higher because those in position are also the ones involved in such crimes. They protect their fellow criminals for a sum of money. Sometimes they are even the ones directly who control such crimes. With how poor the living situation is, people have no choice but to resort to illegal activities and exploitations. Meanwhile The rich gets richer and the poor gets poorer.

The cost of living in a country is getting higher, in fact the government is the one who is most responsible. Because they are the ones who have the power to make policies and they are also the ones who often corrupt state money and in the end it is the people who suffer. In my country, it is actually an agricultural country, but the prices of basic necessities remain high, even though if we think logically, in an agricultural country, the costs of basic necessities such as food should be cheaper.

Apart from that, it makes the cost of living more expensive due to inflation, with inflation the nominal value of the currency is not balanced by high salary standards, making necessities feel more expensive. Due to the impact of inflation, people's purchasing power is low and the circulation of paper money on the market is also small. The value of money continues to decline due to the lack of transactions using this currency. Yes, in the end people cannot stand conditions like this, so inevitably people carry out illegal activities and exploitation. It is no longer a public secret that perhaps in almost all countries, if there is an increase in prices or inflation, the rich will get richer and the poor will suffer more.

[topbitcoin]

In my country, the economic situation is much worse, as the inflation rate may exceed 100% due to strikes, successive internal and economic problems, high fuel prices, and government corruption. The government has failed to find solutions. On the contrary, it plays a major role in making the situation worse and worse.

The main problem is the high prices of the basic fuels of the economy, such as gasoline, diesel and gas. The high prices of petroleum derivatives naturally lead to the high cost of all goods and production materials that need petroleum derivatives, whether in production or transportation.

it is very annoying when you hear corruption, it is the same in my country as it has become a culture and it really affects the economy for the worse because the funds that are used to improve the development of society in order to have good economic growth with very good absorption are instead corrupted by irresponsible people, it really pisses me off, and this has an impact on inflation and the response of people with their jobs, wrong policies will result in a worse economy.

I don't know that the inflation in the country is very high and it will suppress more people's business especially about the price of petroleum derivatives which will affect businessmen in running their business, and of course this has an impact on increasing the price of goods in your country significantly, the government in office in your country failed to take care of this, people must be suffering a lot, soon I think chaos will occur in your neighborhood.

In my country even though it is not like that the cost of living is still difficult as the inflation in my country is quite high while the salary we receive has no increase leading to the possibility of poverty slowly.

[kentrolla]

In my country it's same as globally wherein the price of all the basic stuffs like LPG, petrol, raw produce has increased and on top of that companies has started this new method of denying the employees their salary hike by saying they are not firing anyone rather they skip yearly salary hike and to squeeze it further the shitty government has introduced so many taxes which makes it really difficult for a common person to survive.

[stompix]

I'm Australian, and the inflation rate in 2023 was over 4%.

Oh the horror:



One billion people would be happy with 14 not 4% a year!

The cost of petrol is around $2.10AUD per litre, which is insane.

That's irrelevant unless we talk about how much you make a year:
https://www.globalpetrolprices.com/articles/85/
Because you can have the most expensive gas in the world like Norway and still spend only a fraction of your wage on it while people with cheaper gas can't afford  full tank with all their wage.

The minimum wage in Australia is around $23-$24 AUD which is very good but rent, groceries, travel expenses etc are ridiculously high and seem to be increasing all the time.

See, so you're able to buy 12 liters of gas with one hour of work, meanwhile, in a ton of country, you need a full day of work for that!

[_BlackStar]

-snip-

The cost of living in a country is getting higher, in fact the government is the one who is most responsible. Because they are the ones who have the power to make policies and they are also the ones who often corrupt state money and in the end it is the people who suffer. In my country, it is actually an agricultural country, but the prices of basic necessities remain high, even though if we think logically, in an agricultural country, the costs of basic necessities such as food should be cheaper.

Apart from that, it makes the cost of living more expensive due to inflation, with inflation the nominal value of the currency is not balanced by high salary standards, making necessities feel more expensive. Due to the impact of inflation, people's purchasing power is low and the circulation of paper money on the market is also small. The value of money continues to decline due to the lack of transactions using this currency. Yes, in the end people cannot stand conditions like this, so inevitably people carry out illegal activities and exploitation. It is no longer a public secret that perhaps in almost all countries, if there is an increase in prices or inflation, the rich will get richer and the poor will suffer more.

Every generation will definitely feel the impact of the bad economy. Not only in certain countries – almost all countries in the world are also experiencing the impact. Inflation is increasing from year to year making people's financial conditions difficult - but what is certain is, don't depend on what the government can do but help yourself with what you have.

I need at least $400 for living expenses and any bills every month. Sometimes it's lower or higher - but on average it's certainly over $300 each month. There are no luxuries - it's just that the value of every item has increased due to inflation. Corrupt governments only think about their pockets and their families – they will have difficulty prioritizing the interests of society above their own interests.

[Mahanton]

In my country, the economic situation is much worse, as the inflation rate may exceed 100% due to strikes, successive internal and economic problems, high fuel prices, and government corruption. The government has failed to find solutions. On the contrary, it plays a major role in making the situation worse and worse.

The main problem is the high prices of the basic fuels of the economy, such as gasoline, diesel and gas. The high prices of petroleum derivatives naturally lead to the high cost of all goods and production materials that need petroleum derivatives, whether in production or transportation.

it is very annoying when you hear corruption, it is the same in my country as it has become a culture and it really affects the economy for the worse because the funds that are used to improve the development of society in order to have good economic growth with very good absorption are instead corrupted by irresponsible people, it really pisses me off, and this has an impact on inflation and the response of people with their jobs, wrong policies will result in a worse economy.

I don't know that the inflation in the country is very high and it will suppress more people's business especially about the price of petroleum derivatives which will affect businessmen in running their business, and of course this has an impact on increasing the price of goods in your country significantly, the government in office in your country failed to take care of this, people must be suffering a lot, soon I think chaos will occur in your neighborhood.

In my country even though it is not like that the cost of living is still difficult as the inflation in my country is quite high while the salary we receive has no increase leading to the possibility of poverty slowly.

Corruption is something that we cant really be able to avoid and turns out to be that a casual thing in todays living and there would really be no exemption. Although there would really be places or countries on which arent that corrupted but in speaking about inflation then its something that every country and corners of the world is affected.

Basing up on some search(2023)
https://www.statista.com/statistics/268190/countries-with-the-lowest-inflation-rate/
-1.74% is the lowest but majority is on positive but not really that much.

Cost living here in our country does increase year by year and if you are someone who wont really be finding up ways or methods on making your living way more
better in terms of income source or stream, then you would really be struggling yourself on surviving on day to day living. This is something that you should really be that
making yourself that prepared at least.