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

[Emitdama]

Things are looking like it is getting a lot worse these days, recently too. Not because we have seen covid or anything because that happened a few years ago and it sucked when it happened but this is now, years after and things are still not great.

The sad situation is that inflation is high, and the interest rates are high because of that as well. This is why there isn't really any way to make money, everyone is trying to put their money in savings, because they know that interest will not stay this high forever, meaning that they have a limited time to make as much as possible with this high interest.

Because people are not spending their money, that usually means that we are not seeing them investing into anything or not even purchasing as much as they used to, and that's causing a lot of trouble for everyone, loans are impossible to get with these rates as well. This is why making money is harder too, I am making nearly the same amount of money, and yet everything is twice more expensive, but life is fine, because I am doing alright with my income, there are people who are going hungry right now.

This is why we should be careful with our future and be ready for it as well. I think the best way to go about this situation would be just waiting it out, because we can't do much right now and it is not going to end up with anything good anytime soon, so just wait the period out and I am sure that eventually things will get better.

[erep]

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

The government is not able to handle the global crisis because it has affected various aspects of the economy, one solution the government should have is to support micro businesses and farmers to sell goods at lower prices than imported goods, but the government's efforts are not carrying out that interest and they want to secure their personal finances and assets from the impact of inflation today, we should not depend on anyone and we should look for opportunities to earn income, I am happy to see the crypto community looking for opportunities to improve their finances, on average they earn income from airdrops and there are many other opportunities to earn income on the internet according to your abilities and skills.

[LDL]

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 can't say what the cost of living is like in different countries of the world but in my Bangladesh the price of daily necessities is so sky high that the common people are struggling to live. The prices of daily essentials are skyrocketing and so out of control that it becomes very difficult for a middle class family member to lead a normal life.
Rice $3/5kgs, potatoes $0.56/kg, Poultry $1.8/kg, Meat $7/kg , Soabean oil $1.6/kg, sugar $1.4/kg, petrol $1.27/ltr, eggs $0.5/4pics ,
In general, it is becoming impossible for a low and middle class family to live a normal life in Bangladesh.  Corruption especially in the political circles and arbitrary arbitrariness of the judiciary are responsible for creating this situation for us.

[AirtelBuzz]

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 can't say what the cost of living is like in different countries of the world but in my Bangladesh the price of daily necessities is so sky high that the common people are struggling to live. The prices of daily essentials are skyrocketing and so out of control that it becomes very difficult for a middle class family member to lead a normal life.
Rice $3/5kgs, potatoes $0.56/kg, Poultry $1.8/kg, Meat $7/kg , Soabean oil $1.6/kg, sugar $1.4/kg, petrol $1.27/ltr, eggs $0.5/4pics ,
In general, it is becoming impossible for a low and middle class family to live a normal life in Bangladesh.  Corruption especially in the political circles and arbitrary arbitrariness of the judiciary are responsible for creating this situation for us.

Yes the current economic condition of Bangladesh is critical due to which the cost of living of every person living in this country has doubled. The prices of food items including daily necessities have also doubled as you mentioned. This problem is ongoing not only in Bangladesh but also in some countries in Asia and Africa.

I want to hold the government of that country responsible for the economic crisis of any country just as the government of Bangladesh is the cause of the economic crisis of Bangladesh. The former Prime Minister of Bangladesh who recently resigned and left the country has given the country a huge loan to the World Bank. Which is a burden to the people of Bangladesh. In countries that loan more to the World Bank, the government of that country pays additional VAT on various food products and clothing produced in their country, as a result of which the price of those products doubles. As a result, it becomes almost impossible to meet the living expenses of the day laborers, middle class and lower middle class people living in the country.

[Sexylizzy2813]

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 way things are going it would be hard to get it back together like it has always been, from my end I'm beginning to believe that cost of living is very high and is becoming a global thing. If things are not too high I don't think we would be having some citizens leaving their country to the next no matter the means.
In my country things are not easy with the high cost of transportation alone is the biggest hit on the citizens not to talk of food stuff and other things but if prices of petrol comes back to normal I believe all other things will drop price but that doesn't stop people from leaving because the hardship is just too much for some to handle and the government are just satisfied with the condition of the country and this isn't about my country but all over the world like countries that are finding it difficult to survive, what can be done to make them see the punishment they (the Government) have gotten us into?🤔

[icalical]

I am from Indonesia and because and the inflation is going crazy in here, last year the the price of rice which is the staple food in here are is up to 30%, and the price of gas too and with the gas price up the distribution is also become more expensive and it affect other goods too, I think even compared to covid-postcovid on 2020-2022 this years is the even worse.

[hafiztalha]

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

Well, In my country, situation is also critical. Our government is taking debt from IMF again and again and after every agreement government applied taxes on common people. They applied taxes in the form of electricity bills and many people have Bills greater than their income. So how they will buy basic items and food is necessary part of lives and without food we cannot live and after that we need clothes to wear and also there are many expenses. But our government is corrupted and in future, the situation will be worse but there is no solution of that inflation and poor people are becoming more poorer and rich people are becoming richer.

[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

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

Well, In my country, situation is also critical. Our government is taking debt from IMF again and again and after every agreement government applied taxes on common people. They applied taxes in the form of electricity bills and many people have Bills greater than their income. So how they will buy basic items and food is necessary part of lives and without food we cannot live and after that we need clothes to wear and also there are many expenses. But our government is corrupted and in future, the situation will be worse but there is no solution of that inflation and poor people are becoming more poorer and rich people are becoming richer.

My country has been in anarchy for years through which government party people looted thousands of crores of tk from various projects due to which the prices of goods in the country have increased drastically and the rate of inflation has increased at an abnormal rate every year. But recently the anti-quota movement forced the government to resign after 16 years in power. At present, the price of food products in the country is gradually decreasing even though the interim government is running the country. now the cost of food has come down a bit compared to before. and we are hopeful that our expenses will come down further in the coming days

[Yeesha]

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.

Same here, in my country prices of commodities are 3x, some are 4x that of last year, inflation has affect a lot of countries seriously, the value of our currencies has been declining due to the current economic situation, we are still hoping for disinflation to happen, but the economy is worsen day by day, what some workers spend as transportation fee is greater than what they earn as salary, a lot of people are dieing out of hunger, poors doesn't use their money to purchase things that they need now expect foods stuff and still the money are not enough for them purchase enough food stuffs.

Salaries are not enough to spend and some government are not willing to pay, the inflation that is happening day by day has become unbearable to my country people that they have to protest against the government.

Raising cost of living forces people to work more. Working more hours to buy less makes the rich richer.

It makes the rich richer and also makes the poors to become more poorer, because for instance, after working all the hours to buy less and you  fell sick due to strain and ended up at the hospital, the less money you make to feed as to be use for the hospital bill, for you to feed that very moment will become a huge problem to you, what if the money is not up to the amount demanded for the treatment and you only depend on that money, as people works more they deserve to be paid higher, so that the money should be able to feed them enough and also fulfill some of their responsibilities.

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.

Is the current situation we are living in now that is forcing some people to involved themselves in illegal activities like, terrorism, kidnapping, robbery, bribery, corruption, stealing and so on, and government has turn deaf ears about it, because a lot of people that are involved in those act are ordered by rich people and politicians, the law enforcement agencies that supposed to stand up to protect the citizens, defend them, guide them and arrest whoever commit a crime, punish them and correct them so that right of any citizen should not be neglected, are the ones protecting the criminals, because a certain amount of money was given to them to silent them, the inflation is only affecting the poors not the riches.

[Questat]

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 can't say what the cost of living is like in different countries of the world but in my Bangladesh the price of daily necessities is so sky high that the common people are struggling to live. The prices of daily essentials are skyrocketing and so out of control that it becomes very difficult for a middle class family member to lead a normal life.
Rice $3/5kgs, potatoes $0.56/kg, Poultry $1.8/kg, Meat $7/kg , Soabean oil $1.6/kg, sugar $1.4/kg, petrol $1.27/ltr, eggs $0.5/4pics ,
In general, it is becoming impossible for a low and middle class family to live a normal life in Bangladesh.  Corruption especially in the political circles and arbitrary arbitrariness of the judiciary are responsible for creating this situation for us.

I think almost all countries these days are experiencing extreme inflation where prices of goods and services are now inevitably high. And if you've got no job to provide you sustainable income, you'll be suffering from head to toe. But for those who have good and high paying jobs, they may still feel the inflation but certainly not that high since they can also afford those goods and services.

[avp2306]

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 can't say what the cost of living is like in different countries of the world but in my Bangladesh the price of daily necessities is so sky high that the common people are struggling to live. The prices of daily essentials are skyrocketing and so out of control that it becomes very difficult for a middle class family member to lead a normal life.
Rice $3/5kgs, potatoes $0.56/kg, Poultry $1.8/kg, Meat $7/kg , Soabean oil $1.6/kg, sugar $1.4/kg, petrol $1.27/ltr, eggs $0.5/4pics ,
In general, it is becoming impossible for a low and middle class family to live a normal life in Bangladesh.  Corruption especially in the political circles and arbitrary arbitrariness of the judiciary are responsible for creating this situation for us.

I think almost all countries these days are experiencing extreme inflation where prices of goods and services are now inevitably high. And if you've got no job to provide you sustainable income, you'll be suffering from head to toe. But for those who have good and high paying jobs, they may still feel the inflation but certainly not that high since they can also afford those goods and services.

Inflation rate in Asia https://tradingeconomics.com/country-list/inflation-rate?continent=asia

Glad I don't belong to those several country which experiencing a hardship in life due to inflation and current situation still manageable. Maybe its better for people to not settle down with officials don't have vision to combat this problems since if they elect those corrupt officials then they might suffer for more worse economic condition. Also its our obligation to work hard and find good opportunities to combat this situation and still live a comfortable life.

[Natalim]

I am from Indonesia and because and the inflation is going crazy in here, last year the the price of rice which is the staple food in here are is up to 30%, and the price of gas too and with the gas price up the distribution is also become more expensive and it affect other goods too, I think even compared to covid-postcovid on 2020-2022 this years is the even worse.

I guess we all suffer due to same reasons. Not only in your country, but almost all countries have been affected with inflation. With the gas price continues to increase, rice follows, and so the rest of the goods and even services. And if you don't have a stable job to rely on, you'll certainly be begging for survival since all the basic necessities are going more expensive. Good thing I have this side hustle that pays me well. Otherwise, I would also be one of those who struggle for daily life survival.

[Mr.right85]

The economy of several nations as we have it now is bad, most people don’t earn enough to maintain a previous status and are constantly in constant battle with bills, expenses, rents and taxes. It’s not really easy living out here in this modern world we’ve built for ourselves.

Where am from, people literally live below the minimum wage. Almost all you touch seems unaffordable as, the hike in one item is reflected directly in the other. It’s a case of survival and the country have hard to protest over the hardship still, the government remains unchanged in there agenda.

[Cryptoprincess101]

The economy of several nations as we have it now is bad, most people don’t earn enough to maintain a previous status and are constantly in constant battle with bills, expenses, rents and taxes. It’s not really easy living out here in this modern world we’ve built for ourselves.

Where am from, people literally live below the minimum wage. Almost all you touch seems unaffordable as, the hike in one item is reflected directly in the other. It’s a case of survival and the country have hard to protest over the hardship still, the government remains unchanged in there agenda.

It just looks like everything has tightened up within this periods because it looks like people are not earning enough due to inflation because no matter how much you earn, you will still end up buying things of livelihood at higher prices and it now appears like nothing is moving anymore while people are trying their possible best in order to earn a living.
             The governments doesn't even care about the grievances of her people when they embark on peaceful demonstrations in form of protest and they're adamant of the suffering and untold hardship the masses are facing, our economic system has failed and it looks like everything is collapsing the more. The average man barely eat talk more of the common man in the society, it's such a pity that we found ourselves in this kind of economic mess when everything would have been sorted out years back but those in government has been so lazy to have prepared a solution for something of this nature and it's sad to see more people suffering and lamenting, people have lost hopes and confidence in the government as they are even creating avenue to make things become ease for them by their selves instead of depending on the government for solutions.

[NicNacCoin]

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 am a Bangladeshi, you can understand how perfect Bangladesh is for life. Still, since our own country is our own home, we are very well here. The standard of living in my country cannot be compared to developed countries because we are a less developed country and a less developed country is not comparable to a developed country. We have lack of food, lack of clothing, we have to spend a lot of money to buy anything. However, the price of petrol in your country is proportionally much higher than that in my country, but the price of petrol is still very low in your country. Even if we buy it with one dollar, we have to pay a lot more than before the price of petrol was much lower. Since the country has been freed from dictatorship, it is expected that our country will now come under the rule of the people. Until now, the autocrat has run the country very badly, but now it is understood that the country will run a little better, people will get a little relief and can buy.

[Su-asa]

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 don't want to say that it's gradually becoming a hopeless situation in Nigeria right now but that is what it tends to be at the moment because the inflation is now out of control, people who have multiple jobs were able to provide for themselves and family but right now the economy is constantly rendering all their hard work and efforts useless.The price of petrol is a major factor that disabilizes everything, this isn't the only thing causing economic hardship but it's one of them. The Nigerian government can do better than this because, we have a lot of resources and Nigeria should be swimming in abundance but it's the total opposite of that

[Mr.sprin]

I guess we all suffer due to same reasons. Not only in your country, but almost all countries have been affected with inflation. With the gas price continues to increase, rice follows, and so the rest of the goods and even services. And if you don't have a stable job to rely on, you'll certainly be begging for survival since all the basic necessities are going more expensive. Good thing I have this side hustle that pays me well. Otherwise, I would also be one of those who struggle for daily life survival.

It's really true, bro, nowadays when we don't have a permanent job, we have to do things that we never thought about yesterday, even though the job is very despicable in the eyes of humans, as long as it's open to jobs like stealing and other crimes, now with our meager income we will scream without knowing who to complain to, with members of parliament representing the people they never pay attention, society today is in great difficulty, everywhere we see many people who are depressed due to disproportionate needs and income, where the price of basic necessities continues to rise. rising along with high levels of inflation, rich people who have lots of assets may not feel the suffering of the lower classes whose daily income is not sufficient to meet their daily needs, hopefully this suffering will quickly pass in this country.