Is inflation here to stay?

[Berry2d]

In Nigeria the current situation on ground has gotten to a point where everything is possible including inflation, so if some say inflation has come to stay I won't blame or say know because until we are ready to rewrite our wrongs things will continue the way it is because that is the standard our leadership body kept it. I still cannot forget the situation of Nigeria before we gained our independent, before Nigeria gained  sovereignty from the British government, our GDP was very much higher than that of China but now there's has grown above ours and we depend on them for survival all because we are lead by leaders without vision

[sunsilk]

The wage gap is increasing year by year due to high inflation of around 10% or more while the annual salary increase is far below 4% or lower.

Most workers can't cover that up when they have lesser salary increase compared to how much is the inflation rate.

This is why many are complaining that amount they're earning isn't enough just to bear with the cost of living.

Even if they have the best budgeting technique, it's not just enough at all. The annual salary increase won't be enough to cater all of the increases cost by the inflation and so, one has to work 2 full time jobs and one part time.

Yes, it is true, until I thought of leaving my country and looking for a better job to appreciate the hard work I did, basically my skills are not inferior and also have a lot of enthusiasm in many things, in addition to the labor resources in my country are so many that companies are easy to control workers to get the little wages they give, many companies pay below the standards set by the government this condition is even worse, working as a manager and above is the same as the wages of a cleaner or farmer in a country that appreciates labor more abroad.

Inflation is increasingly pressured by the worse conditions, on the other hand also the economic turnover that does not give much profit that sometimes there are honest companies that can only give a little wage to their workers, inflation presses them also from raw materials that are increasingly expensive to produce, inflation hits many parties to live better.

It's sad that there are companies that aren't following the labor codes of their countries and laws. And the workers have nothing to say with it.

Because that's the only job that they can rely on and have accepted it. And so if they complain about the low wages, they'll be fired after.

While the other countries who have a strong policies regarding labor laws and codes, workers there know what the rules are and why companies are scared of having these complains and so they obey.

[whiteblue]

In Nigeria the current situation on ground has gotten to a point where everything is possible including inflation, so if some say inflation has come to stay I won't blame or say know because until we are ready to rewrite our wrongs things will continue the way it is because that is the standard our leadership body kept it. I still cannot forget the situation of Nigeria before we gained our independent, before Nigeria gained  sovereignty from the British government, our GDP was very much higher than that of China but now there's has grown above ours and we depend on them for survival all because we are lead by leaders without vision

The situation is indeed dire. When the government no longer focuses on domestic economic development and the welfare of the people, where inflation should be suppressed and the community's needs met, this will gradually improve the economy. But when the government becomes corrupt, favors a select few, and loses its focus on shared growth as it did before independence, it becomes increasingly difficult to predict the future.
The influence of leadership on economic policy is a core issue that must be taken into account and considered, as it concerns the sustainability of the people's lives.

[cxtreenal]

In Nigeria the current situation on ground has gotten to a point where everything is possible including inflation, so if some say inflation has come to stay I won't blame or say know because until we are ready to rewrite our wrongs things will continue the way it is because that is the standard our leadership body kept it. I still cannot forget the situation of Nigeria before we gained our independent, before Nigeria gained  sovereignty from the British government, our GDP was very much higher than that of China but now there's has grown above ours and we depend on them for survival all because we are lead by leaders without vision

Ideally if a nation chooses stupid rulers, they should be prepared for the consequences. You gave the example of Nigeria, where inflation is affecting the common people in such a way that the number of poor people is increasing gradually. If you read the government media, they do not find any poor people and the country is doing very well. But the real picture is very disappointing. The country's resources are not being used properly, corruption is eating away at the growth of resources.

If the talented people in a country are not properly evaluated, then those talented people leave their country and go to another country where they are properly evaluated. The number of talented people in Nigeria is decreasing because they cannot develop their talents properly in this country and do not get the due respect.

[terrific]

Unemployment will result in less spending power thus less demand which means less inflation.

The former is true but the latter is not.
Even with less demand, inflation will continue to increase and there is no such as less inflation even if it's less demand.
What we have is only delayed increase of inflation and even it will be slowed down, there's likely around 1% of inflation for each year.
If that's the less for you then you're right but those are the conditions and percentages if the country is doing well.
Otherwise, we know how it can be that much.

No, in theory, he's right. If demand decreases, inflation will also decrease, and if the decrease in demand persists, it will even lead to deflation in the economy. That would be even worse than an inflationary economy.

Inflation is caused by an imbalance between supply and demand, especially when demand increases too sharply, leading to higher production costs. Furthermore, inflation is caused by geopolitical conflicts and supply chain disruptions, not just by printing money. Therefore, he was absolutely right when he said that if demand decreases, inflation will decrease.

I am kind of a mixed up here. Because I thought that's what will happen if there's lesser demand inflation will still continue.
Because with most of the countries even with industries that have lesser demand.
The inflation keeps on growing in them despite that but I have to go back to my economics class and I'm kind of confused.

[rachael9385]

With persistent price hikes and global supply chain issues, are we entering a new era of permanently higher inflation rates?

Are there really any ways to combat inflation permanently ?

Inflation would always be here to stay as long as the root causes of it still remains, with the current economic meltdown in a lot of countries especially im Nigeria the Inflation seems to get worse as the years goes by. people ask if the government can tackle this problem, my answer to that is yes but the real question now is, will they? I don't really think so because these politicians benefit from it

[sana54210]

until I thought of leaving my country and looking for a better job to appreciate the hard work I did, basically my skills are not inferior and also have a lot of enthusiasm in many things, in addition to the labor resources in my country are so many that companies are easy to control workers to get the little wages they give, many companies pay below the standards set by the government this condition is even worse, working as a manager and above is the same as the wages of a cleaner or farmer in a country that appreciates labor more abroad.

Inflation is increasingly pressured by the worse conditions, on the other hand also the economic turnover that does not give much profit that sometimes there are honest companies that can only give a little wage to their workers, inflation presses them also from raw materials that are increasingly expensive to produce, inflation hits many parties to live better.

That is not that different in other nations neither, so check twice before you decide to leave. Sure there are nations like Germany where it doesn't matter if you are just a dish washer, you still get a decent life, a home, a car, and live a better life, and the nation as a whole is better than most other nations, so you may prefer to go live there because you feel like your worth is seen, but you do not realize while providing you life like that, they get even richer themselves, they are still giving you small amount back.

[goldkingcoiner]

Is inflation here to stay? Yes. Why? Because inflation is created intentionally by the government.

With persistent price hikes and global supply chain issues, are we entering a new era of permanently higher inflation rates?

This is not new at all, you can check the price of food, goods and services in your country for the last 10 t0 20 years ago to now to know that there has been permanent inflation from time to time.

Are there really any ways to combat inflation permanently ?

To combat what the government created? That is not possible. Governments created the fiat which is a complete scam. Cause inflation in the name of protecting their foreign reserves.

Taxes are not enough for them, so they created a system to steal from the people. But they only steal just enough not to cause riots in the streets.
That is fiat.

I agree 100% with you.

[colinistheman]

With persistent price hikes and global supply chain issues, are we entering a new era of permanently higher inflation rates?

Are there really any ways to combat inflation permanently ?

Inflation would always be here to stay as long as the root causes of it still remains, with the current economic meltdown in a lot of countries especially im Nigeria the Inflation seems to get worse as the years goes by. people ask if the government can tackle this problem, my answer to that is yes but the real question now is, will they? I don't really think so because these politicians benefit from it

What are the root causes of inflation?
The government can address the inflation problem, but I don't think they can do it easily. Because there are many causes of inflation, and many of those causes are beyond their control.

Controlling inflation is a major problem, let alone eliminating it. Because inflation is sometimes caused by global instability, geopolitical instability, economic crises, wars, and pandemics, not just by corruption or reckless money printing.

Just like in Nigeria, people will blame the government, and the reality is that their government is corrupt, mismanages the economy, and prints money. But there are also deeper causes, such as acts of sabotage from external forces. Many external powers do not want Nigeria or other African countries to develop because if Africa develops, they will no longer be able to plunder mineral resources, gold, or oil to enrich their own nations.

[khiholangkang]

until I thought of leaving my country and looking for a better job to appreciate the hard work I did, basically my skills are not inferior and also have a lot of enthusiasm in many things, in addition to the labor resources in my country are so many that companies are easy to control workers to get the little wages they give, many companies pay below the standards set by the government this condition is even worse, working as a manager and above is the same as the wages of a cleaner or farmer in a country that appreciates labor more abroad.

Inflation is increasingly pressured by the worse conditions, on the other hand also the economic turnover that does not give much profit that sometimes there are honest companies that can only give a little wage to their workers, inflation presses them also from raw materials that are increasingly expensive to produce, inflation hits many parties to live better.

That is not that different in other nations neither, so check twice before you decide to leave. Sure there are nations like Germany where it doesn't matter if you are just a dish washer, you still get a decent life, a home, a car, and live a better life, and the nation as a whole is better than most other nations, so you may prefer to go live there because you feel like your worth is seen, but you do not realize while providing you life like that, they get even richer themselves, they are still giving you small amount back.

Basically, which is not much different in terms of inflation but when compared the gap is quite large, we can calculate the cost of normal life, but when exchanged for the value of the country's own currency is very large, we can make a luxury house in our own country with the results of work in other countries, 80% of people who work abroad are much better economically than the country in their own country, I see a lot of neighbors and people in my area they do that, in addition to being able to raise capital much faster if you want to open a business in your own country.

[Baki202]

We have to admit that inflation will keep increasing itself with time, that's what we have seen so far and same is expected in coming future. What we can do as individual is to either sit and keep cursing it or do something to mitigate it's effect. The best thing we as individual can do to beat inflation is to find ways on how to increase our net earnings. Everyone has smartphone with internet and that provides us ample opportunities to work extra to earn extra money. Inflation is here to stay, now we have to make the decision of living with it or mitigating it's effect.

Inflation has been around for a while, so people won't want to worry about it. From the look of things, inflation has made life difficult for people because of how expensive almost everything has become, and earnings aren't really solving the problem. At this point, nothing can be done; the only good thing is that people are adjusting and looking for ways to live with it because it has gone beyond a local problem to a global one. The best we can do is mitigate around it as suggested because it has already eaten deeply into the system.

And if you can increase how you earn either by additional jobs or either way investing the money and there are a lot of opportunities out there, especially in cryptocurrency so instead of working your ass up you can just learn how to trade or better still buy and hold.

This are solutions around the corner that makes everything more easier for those that are really looking for a way to treat inflation because the higher the earnings, then the higher the leverage you have towards it so it is all about how smart you are moving.

[Yeesha]

With persistent price hikes and global supply chain issues, are we entering a new era of permanently higher inflation rates?

Are there really any ways to combat inflation permanently ?

Inflation is actually creeping upward or rising higher day by day. And while sometimes it eases off a bit, but the overall trend still points to a gradual rise. Because of that, we are actually holding on to the hope that we will survive this period, but the situation is actually very difficult/ hard to handle, and it is becoming unbearable for some people. We keep believing that the situation will start to improve, even if the progress is small and comes in little by little, or step by step. But sincerely speaking, every small drop in the prices of the commodities actually gives us small breathing room, and that little relief is enough to keep our hopes alive and steady. We know that big changes can not occur overnight, so I think we should take every small improvement as a sign things are move in the right direction or proportion.