How is the cost of living in your country?

[Nothingtodo]

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 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.

[shinratensei_]

Let's say that the cost of living in a country where I'm in is that, one stable job is not enough especially if you are only earning the minimum wage or you are a minimum wage earner, thank fully I choose the field where the salary is quite high or to be exact in IT field, and right now with continuous increase of inflation rate minimum wage is not enough especially for those who has a family already that's why many people are only living with minimum they can't even enjoy the life because all things are costly. Well we can't control the flow of the economy so the only thing we could do is that we should find our way in order to earn extra, I mean if you want to have a good life where you can buy or get the things you want and need then find your way in order to earn more money if you will settle for less then expect that you will only have a hard time.

yeah the only way to live right now is having side hustle or having two jobs, sacrificing time in exchange for money is the way to go for average people, minimum wage won't cut it since we all pretty much already know that minimum wage can't really keep up with inflation.

for the people that could still get some money left despite having minimum wage because maybe they live frugal live and live alone in rather affordable apartment or some kind, always try to seek more opportunities through education and investments, I think its the only lucrative way of increase the chance to make higher income, otherwise we'd be stuck forever having minimum wage and jobs that pays minimum wage usually aren't really stable.

currently i'm grinding hard to increase my wealth through investment as well as getting my second degree, hope it pays off but no one can be sure and I also have my share of doubts that maybe my investment in education will turn into waste of money.
its overall tough situation the inflation does really eating up our money bit by bit, eventually it will become unbearable if government don't intervene or don't have any good solution. at some point there will be no more middle class but only rich people and poor people.

[bitgolden]

Gas being quite expensive is common all around the world, and it does make EVERYTHING more expensive, from a simple bottle of water to the most expensive you can think of, all of it were made using either gas/oil, or they were transported using it.

However, we need to remember that human labour still doesn't cost any gas at all, hence why the salaries are not growing as much as inflation did, and that's why people are poorer. If inflation was 11% in your nation and your salary increase that year was 8%, you feel like you got richer, and you still be able to cover that small difference by cutting down a small amount, but you are still poorer by definition. This is why every nation is doing terrible now, or at least people of them.

[~speedx~]

Life in my country has become very difficult now because of extreme inflation.The increase in the price of goods has made the life of the people more horrible. It has become difficult for the lower class to live a normal life.

[GeorgeJohn]

The cost of living of in my country is quite alarming, due to the fact that the price of petrol is high, the masses can't afford utilities,adequate food etc . The worst of part of it is that the government is not helping matters at all many graduates are out there searching for job, most of them involve in Internet fraud,  there are many qualified people for a particular job  but due to th corrupt practices in my country the politicians secure job for there children. The rich keep getting richer while the poor get more poor. Everything Is so expensive I'm my country...only God can help us from evil leadership.

[junmisakiro]

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.

Similar to Australia, the cost of living crisis in Indonesia reflects unstable global economic conditions, which affect people's purchasing power. Rising prices of goods and services can cause financial stress on individuals and families, forcing them to spend more money to meet basic needs. This situation can also create uncertainty and economic difficulties for some people. as the saying goes "Money is not everything, but without money, everything is difficult" - this proverb describes the increase in the cost of living in Indonesia. Difficult economic conditions can have a big impact on people's daily lives, so it is important to have good financial management skills Good.
However, there is a view which states that despite the increase in prices of goods and services, Indonesian people are still able to survive and adapt to fluctuating economic conditions. Many of them are using savings strategies, looking for cheap alternatives, and increasing creativity in facing the challenges of increasing living costs.

[Sebas.tian]

Life in my country has become very difficult now because of extreme inflation.The increase in the price of goods has made the life of the people more horrible. It has become difficult for the lower class to live a normal life.

I think, the inflation is affecting the global economy, because the price of commodities has increased speedily in various countries of the world to make citizens to find it difficult to feed well, because their salary has been devalue based on the high price of commodities in the world.  I have seen many citizens protesting in some countries concerning the increase of commodities and other things in the country, I think some government are seriously working to reduce the high price of commodities and other things to enable the citizens to live well. Both the wealthy and the poor are experiencing this inflation, because the way investors use to make income in their investment, it has reduced because the inflation of the country is very high for citizens to cope well.

[lepbagong]

Life in my country has become very difficult now because of extreme inflation.The increase in the price of goods has made the life of the people more horrible. It has become difficult for the lower class to live a normal life.

I think, the inflation is affecting the global economy, because the price of commodities has increased speedily in various countries of the world to make citizens to find it difficult to feed well, because their salary has been devalue based on the high price of commodities in the world.  I have seen many citizens protesting in some countries concerning the increase of commodities and other things in the country, I think some government are seriously working to reduce the high price of commodities and other things to enable the citizens to live well. Both the wealthy and the poor are experiencing this inflation, because the way investors use to make income in their investment, it has reduced because the inflation of the country is very high for citizens to cope well.

Inflation doesn't just happen regionally, but it seems you are right in saying that it happens globally, so it's no surprise that this has an impact on every country, the most impactful of which are developing and poor countries. So that the prices of everything increases, but the income earned actually decreases because the value of all goods increases and is no longer commensurate with the income earned.
Citizens will naturally protest about the scarcity of certain materials, or that they are available but are expensive and are actually unaffordable. The government must intervene in the market to prevent prices from increasing, and it is not easy to do all that if this happens.
In a situation like this, what is feared is that many factories will close because production costs will become expensive, so that more unemployment will cause further difficulties.

[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.

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.

[Yatsan]

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.

Here at the Philippines varies depending on the location like how close it is to stores, malls and also main roads and lifestyle approach. Here's one, in Manila apartment prices ranges around 25,000PHP to 50,000PHP that like $435 USD to $866 USD per month. The utility bills like electricity and water range around 2,000 PHP upto 5,000 PHP so in USD it's $35 up to $87. Before, a meal only cost 0.52 USD but to now it's already at 2.60 USD. Also, transportation here varies depending on the price of oil so public transportation can be overspending. Low incomer to middle incomers definitely feel the effects of inflation as to jobs needs a lot or requirements in educational attainment even tho it's irrelevant on the specific jobs. Not so much to say here but religion also counts where its about getting hired in a job. So, considering a city or area to live on also align in you financial preferences.

[programmer3666]

In my country the cost of petrol is around $0.8 per litre.

Yeah, overall the cost of living in my country also rise, even my country state the inflation rate is 4%, but the reality I see it's more than 4%, I feel it's probably around 8%-10%.

I'm quite following Australian news, they said that there are too many immigrants especially from Asian countries applying for Work Holiday Visa to work in Australia. Definitely it's really promising since they get paid for 10x-20x higher than in their country.

At least your country has a price that you can relate to, in my own country the cost of petrol fluctuates like a bird in the sky.  The downside of the matter is that the price of petrol dictates about 80% of a country's cost of commodities. I wish the universe would magically give us better leaders who have us at heart, Unfortunately, most of our current leaders don't have empathy and are all concerned with enriching themselves.

[Bitco55]

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 think the increase in the inflation rate was a worldwide thing in the year 2023, or even as time goes by. The inflation rate in my country is terrible. It went up slowly, but people never expected it to get to this level. Not a payer though, but at this rate, we may face a global economic crisis. Call it " The great depression 2".

As individuals though, we need to ensure that we aren't swallowed in all of this. In evolution, some scientists considered survival of the fittest to be the major factor that distinguishes us from other animals. Those who could survive became stronger and evolved, while those who couldn't, perished and were swallowed up by the struggles. We need to think outside the box, may not be for your country, maybe for yourself and of course, your family. Sometimes, the worst times are what make you stronger and more evolved.

[Republikcoin.com]

At least your country has a price that you can relate to, in my own country the cost of petrol fluctuates like a bird in the sky.  The downside of the matter is that the price of petrol dictates about 80% of a country's cost of commodities. I wish the universe would magically give us better leaders who have us at heart, Unfortunately, most of our current leaders don't have empathy and are all concerned with enriching themselves.

It is indeed difficult to deny because in my country the price of gasoline is still relatively expensive so there are still people who complain about it. As for the current leaders of the country, it is indeed very difficult for us to find those who are truly good because their goal is no longer to improve their own country, but only themselves and the people around them. Because when we start to explore more deeply in our respective countries, sometimes there are also rules that are unreasonable but all people must be able to follow and heed them.

[DaNNy001]

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.

Initially I thought this crazy inflation is only happening in my country (Nigeria), ..out here people are barely surviving, people can't afford basic amenities anymore, even those that are rich are cutting down their expenses, they can't really spend money the way they used to.. Funny thing is people think they way out of this hardship is going to another country forgetting that the inflation is all around the world,
The cost of petrol is a thousand naira per litre which is times 3 of what the price used to be, the economy of the world is crumbling and people are exhausted

[imamusma]

At least your country has a price that you can relate to, in my own country the cost of petrol fluctuates like a bird in the sky.  The downside of the matter is that the price of petrol dictates about 80% of a country's cost of commodities. I wish the universe would magically give us better leaders who have us at heart, Unfortunately, most of our current leaders don't have empathy and are all concerned with enriching themselves.

It is indeed difficult to deny because in my country the price of gasoline is still relatively expensive so there are still people who complain about it. As for the current leaders of the country, it is indeed very difficult for us to find those who are truly good because their goal is no longer to improve their own country, but only themselves and the people around them. Because when we start to explore more deeply in our respective countries, sometimes there are also rules that are unreasonable but all people must be able to follow and heed them.

The increase in fuel prices will automatically have a domino effect on all other commodities, especially basic necessities. This is clearly the responsibility of the Government, they should be able to ensure that the increase in fuel prices does not skyrocket. Indeed, there are types of fuel that receive subsidies from the Government, but the quality is very low and makes vehicle engines easily damaged. It is true, there are so many officials who are involved in corruption cases, all of them no longer have time to think about the welfare of the people, and only think about their personal interests and groups. In my opinion, it is quite difficult to survive in this era, even though we have a fixed income. All income is sometimes only enough to meet daily needs, so it will be very difficult for us to save or invest.

[Albarq]

The increase in fuel prices will automatically have a domino effect on all other commodities, especially basic necessities. This is clearly the responsibility of the Government, they should be able to ensure that the increase in fuel prices does not skyrocket. Indeed, there are types of fuel that receive subsidies from the Government, but the quality is very low and makes vehicle engines easily damaged. It is true, there are so many officials who are involved in corruption cases, all of them no longer have time to think about the welfare of the people, and only think about their personal interests and groups. In my opinion, it is quite difficult to survive in this era, even though we have a fixed income. All income is sometimes only enough to meet daily needs, so it will be very difficult for us to save or invest.

for now stabilizing oil prices is very difficult due to various factors such as war and dwindling oil supplies, therefore it is difficult to keep prices relatively stable, and cause the quality of the economy to decline, and many leaders take people's money through corruption, they do not see the people who are important for themselves and their families to live comfortably, in this case makes us think about the difficulty of people who can be trusted in the current era, and that is a challenge that will be faced in the future.

[Oluwa-btc]

I live in a third world country and the price of petrol products and other commodities are 3x that of last year, and I don't think that price will come down anytime soon. Cost of living is fucking expensive now.

Inflation is very high down here which has affected every sector of the market. Getting the money is also another problem because minimum wage has not being increased and people who are earning salaries are really suffering because their monthly salary can no longer take care of their needs. I have a neighbor that quit is job, because of high transportation fee. After he did his calculations and saw that transportation will consume 90% of his salary.

I totally agree with you, as cost of living is like living in hell because of how hard life is for someone to survive.

Just like you said, price of things is very hard and difficult for one to afford, and to have a job is very difficult to get. 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.

I tell you the cost of living in my country is extremely on the higher sides and it's affecting every sectors leaving the masses to live with the capacity of not knowing what to do,it's not helping cause the poor masses find it difficult to afford two square meals also which is leading most of them to death and illness.

I sincerely don't know why this is happening this way,far back it was better of than this and there are opportunities in all areas but this era it's very difficult and yes paving an avenue for our young youths to do illegal things cause it seems the situation isn't getting any better.

Tho we hope and believe that the government finds a better solution to remedy this issues and let life be at balance for everyone, talking about transportation, feeding, everything just keeps going higher and worse and like you said it's generating more rooms for corruption cause no one wants to struggle hard,they just want to get it fast enough by every means.

[Lanatsa]

I live in a third world country and the price of petrol products and other commodities are 3x that of last year, and I don't think that price will come down anytime soon. Cost of living is fucking expensive now.

Inflation is very high down here which has affected every sector of the market. Getting the money is also another problem because minimum wage has not being increased and people who are earning salaries are really suffering because their monthly salary can no longer take care of their needs. I have a neighbor that quit is job, because of high transportation fee. After he did his calculations and saw that transportation will consume 90% of his salary.

I totally agree with you, as cost of living is like living in hell because of how hard life is for someone to survive.

Just like you said, price of things is very hard and difficult for one to afford, and to have a job is very difficult to get. 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.

I tell you the cost of living in my country is extremely on the higher sides and it's affecting every sectors leaving the masses to live with the capacity of not knowing what to do,it's not helping cause the poor masses find it difficult to afford two square meals also which is leading most of them to death and illness.

I sincerely don't know why this is happening this way,far back it was better of than this and there are opportunities in all areas but this era it's very difficult and yes paving an avenue for our young youths to do illegal things cause it seems the situation isn't getting any better.

Tho we hope and believe that the government finds a better solution to remedy this issues and let life be at balance for everyone, talking about transportation, feeding, everything just keeps going higher and worse and like you said it's generating more rooms for corruption cause no one wants to struggle hard,they just want to get it fast enough by every means.

Cost of living will really be that actually be just that the same if we are really that a resident of a certain country or simply we arent that visitors or tending to migrate specially into those people who do live on 1st world countries on earning up some dollars and converted back into their local currency on which it would really be ending up on having that significant value on which this simply means that you do find yourself that being sustainable despite of those high cost of living or anything around since you could really be able to buy and provide for yourself considering of your purchasing power or simply with your financial capacity. There would really be those people who do really do their best to have that multiple income source despite of having their own work on which its a must thing i should say.

This is why we do really work hard our assess of just to have that income and could be able to survive on day to day living. The main issue on here is that these non stop increasing of price of goods and services is really that going into the roof or simply having those inflation issues or problems had become that standard ever since. There's nothing we can do about it but we do have to deal up something such as this.
You wont really be able to survive if you wont really be doing those other alternatives or ways for you to earn more or adding your income.

[Furious 7]

Initially I thought this crazy inflation is only happening in my country (Nigeria), ..out here people are barely surviving, people can't afford basic amenities anymore, even those that are rich are cutting down their expenses, they can't really spend money the way they used to.. Funny thing is people think they way out of this hardship is going to another country forgetting that the inflation is all around the world,
The cost of petrol is a thousand naira per litre which is times 3 of what the price used to be, the economy of the world is crumbling and people are exhausted

Everything will feel the same impact where when inflation, especially for large countries that have a dominating economic level, it is certain that it will affect other countries as well because after all this is a form of domino effect created so it is not too strange if until now almost all countries feel the same way.

But in this case, of course, when all feel the same way, it is clear that we ourselves must be strong to survive in life because after all this is what is important. Sometimes we complain enough just because we feel that we alone or our region and country alone are feeling the effects of inflation but in fact all feel the same and it is not the time to give up because of this considering that life goes on which means we must continue to be able to survive in difficult economic conditions like now.

[Barikui1]

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.

Generally their are cost of living crisis going on in most part of the world right now, and if Australia inflation rate is just 4% then I wouldn't be that bothered if I was there, because in my country right now, the inflation rate is at 33.95%  right now, which has triggered a nation wide protest, which start since the beginning of August, theme: end bad governance and hunger

Though right now, the protest is getting more messy as days passes by, because the president of our country have failed to address the demands of we the protesting youth, because as it stands now, the cost of living is actually trying to kill the living, and it actually not funny at all, and we are ready to protest as long as it takes, in other to achieve the desired result, though they are using the security agencies to kill us, the protesting youth in most part of the country but that hasn't deter or stop us from fighting for a better life, than dieing in silence.