What are the best way to tackle against inflation

[Yeesha]

At this point all we need is a good leader, because the changes we want can't come, saying we need to bring it to there notice is of no used, imagine the way things are going in this country,do you think they are not aware? But the truth is they don't care,look at the level of insecurity yet ,they go out on convoy with military men , these our leaders are just so selfish, so telling them to increase salary because of inflammation will get nothing on them ,all we need is new and good leaders that will have us at heart,if not I don't see any need of telling them what to do ,when they should have used there initiative to do so many things.

You are extremely right, we need a good leader, leadership is not for the weak or wicked. We need someone who is going to prioritise our needs and will be willing to support us in every step. But I think it's actually going to be very difficult to find such person, because nowadays almost everybody is greedy and selfish at the time. Let's be realistic, the government needs us in as much as we need them. Because if the government wants to work toward our growth, development and stability, they must seek advice from the citizens in order to put things into place, because at the end of the day we are sharing the same goal. The government should be hold accountable for everything that is happening in our economies today. One of the best way to tackle inflation is by tackling corruption, bribery, insecurity and choosing the right leaders.

[Spaceman1000$]

This is no longer new anymore because there are some countries which inflation has eaten up and from the salary allocation it seems that the salary is no longer sustaining the family but we found out that government do not care to know how people are managing, or even if they have been able to sustain with such salaries?
Yes, know that things are increasing but Civil servant salaries are not being added instead politicians keeps increasing their allocation, which also includes wall drop allowance and many more and yet they are comfortable and they allows people suffer for not reason. What are the measures to deploy for the government to know that Civil servants salary should be added in respects to inflation rate to enable them meet up with the ways things are going currently.

What do you think?

OP You're talking as if the government and those in executive positions don't have relatives and friends that are working in the civil service sector, or you think they are oblivion of what their constituents earn as living wage, of course they all know, they have more statistical data especially when it come to economic effect of their citizens and besides that, they know the GDP per capital of the citizens of their country. The best way to tackle inflation on the part of individual or a civil servant is for you too supposedly double your hustle or look for other sources of income, if it looks as if the government is not making an effort  to fight inflation, don't relax as an individual make a way for yourself.

[CryptopreneurBrainboss]

Yes, know that things are increasing but Civil servant salaries are not being added instead politicians keeps increasing their allocation, which also includes wall drop allowance and many more and yet they are comfortable and they allows people suffer for not reason. What are the measures to deploy for the government to know that Civil servants salary should be added in respects to inflation rate to enable them meet up with the ways things are going currently.

The government duties here is to increase wages so that salary workers or government workers can receive enough salary to be able to cater for themselves and also have some change left to invest. The best way to tackle inflation is through investment but then the government can't invest for you so the the next best thing they can do is to give you enough money so you can take care of yourself and also have something left to invest. The government can also use the education sector to educate people on investment so as to enlighten the citizens so they pick interest in investing instead of just spending. Inflation happens to every economy so they aren't any country out there that is immune to inflation because every fiat currency gets weak over time but if the workforce of the country is strong then the people in the country will be able to survive and have a fulfilling life irrespective of what is happening elsewhere.

[Akbarkoe]

Facing inflation is by having a surplus of income and also having investment assets in precious metals, property, especially bitcoin, that is the real tool to fight inflation, because if our income is stagnant then inflation will easily erode our money, the cost of living starts to be expensive and makes us unable to save more money therefore we must have a surplus of income from month to month because this is the most effective way to fight inflation, do not rely on the government or others because it is more difficult to change, it is better to focus on our abilities and how to increase income.

[Sammye3]

The best way to battle inflation is self employment, because that way you are not under the government's payroll but rather earning according to the input in such business. Though the situation of the country could affect the business when it is situated in that country too, but it could be a different case when it is an online job that pays in foreign currency.

The possibility that a country would have a selfless leader that prioritizes the interest of the people over everything is quite negligible mostly in African countries and that is evident in their economic standards. Good leadership is everything a country needs to avert inflation, but in the absence of that one should look into better opportunities outside the country's jurisdiction and make the best out of it.

[5W-KILO]

The best way to battle inflation is self employment, because that way you are not under the government's payroll but rather earning according to the input in such business. Though the situation of the country could affect the business when it is situated in that country too, but it could be a different case when it is an online job that pays in foreign currency.

The possibility that a country would have a selfless leader that prioritizes the interest of the people over everything is quite negligible mostly in African countries and that is evident in their economic standards. Good leadership is everything a country needs to avert inflation, but in the absence of that one should look into better opportunities outside the country's jurisdiction and make the best out of it.

I think you are wrong, self employment most times is getting paid in your country's currency, where is that escape from inflation in this? The only way to escape inflation is to put your money in a more stronger currency, it's why I trust the dollar more than my local currency.

Another good way to beat inflation is by swapping your fiat into Bitcoin, and this only make sense if you are planning on holding Bitcoin for a long.h term, investment money idea is suited more for this solution.

Don't bother doing this if that money is something you will be needing real soon because Bitcoin is also a volatile digital currency.

[tabas]

Why are you focused so much on "civil servant salaries"? Are you working as a civil servant? Maybe your country has financial problems and the government doesn't generate enough tax revenue in order to raise the salaries of the civil servants and government officials.

Got me thinking about that as well because as far as I know most of the civil servants are paid well by their governments and the work isn't that heavy compared to the regular laborers and workers from the other sectors. Anyway, maybe there is not given attention to them but I think the solution is for everyone, civil servants and not on how we should tackle inflation. If it's about the money we earn, we have to invest it. And if it's about the salary we have which becomes less due to it, we have to add more to it if we still have time to spare.

[Unknown Op]

This is no longer new anymore because there are some countries which inflation has eaten up and from the salary allocation it seems that the salary is no longer sustaining the family but we found out that government do not care to know how people are managing, or even if they have been able to sustain with such salaries?
Yes, know that things are increasing but Civil servant salaries are not being added instead politicians keeps increasing their allocation, which also includes wall drop allowance and many more and yet they are comfortable and they allows people suffer for not reason. What are the measures to deploy for the government to know that Civil servants salary should be added in respects to inflation rate to enable them meet up with the ways things are going currently.

What do you think?

Increasing rate of inflation is an alarming situation for many countries. There is no single solution to tackle this problem raising salaries can provide a very short term relief as it is not supported by the other departments of the government it can also causes more inflation. It is the responsibility of the government to keep the rate of inflation under control by implementing different monetary policies having a proper checking balance on the import and export of the country and the investment in different infrastructures.
Similarly in various countries the public sector wages are still same where as inflation is increasing it is a fair approach to review the civil servant salary at least after some month based on the inflation that either they can survive with those salaries or not, if the normal persons are asked to do sacrifice in the difficult time then the leaders should lead by example they should contribute in our coming the economic challenges of their countries.

[Churchillvv]

Judging from my country, the most practical way to reduce inflation to the minimal level is to stop or abolish currency devaluation. And also constitutions that strengthen this devaluation should be scrapped, that’s the only way a country like that can move forward, however inflation is a global issue however in some countries it’s not longer inflation but hyper inflation.

Currency devaluation is just an aspect of the discussion that does little in terms of affecting inflation compared to factors like key government policies that encourages dependence on locally made goods. If there's a shift in depending on foreign made goods to locally made goods, it's going to grately improve on a nations economy and in the long run cause a reduction in the extent of inflation that's felt in the region.

Certain external factors that depends only on the decision of government can't be seen as a sustainable approach expecially with change in governance that doesn't encourage continuity. The Onus is more on the government while as citizens, ours is to ensure that the extent of inflation doesn't eat us too bad.

Perhaps you’re right and I agree with you assertions but in recent times we have seen that efforts has been put for some production to take place in the country yet the importation of goods are not reducing hence I believe and also know that their are external factors that do not allow the production of major export goods to occur in my county like I used as example leading the budget to be spent or used in purchasing goods outside the country hence making the countries which the goods are bought from more richer however, making this production in the country will reduce the patronage our country has with the host country therefore this countries influence the economy to depreciate for their products to be sold to us and causing more inflation.

[freedomgo]

There are no measures to perform because the government is already aware of that. They are the first to be aware about inflation, and they should foreseen the possibility already that civil servants will raise their concern for salary rate increase. But we can't expect for immediate action maybe because the corruption is high, so the budget is gone already before rallies or protests have been made.

The best way to overcome inflation is just to make a market of your own. Develop your skills and potentials, create business or any errands that will make people draw closer to you. This is the best way that we can earn unlimited income, aside from having our fixed income in our job.

[Iranus]

Facing inflation is by having a surplus of income and also having investment assets in precious metals, property, especially bitcoin, that is the real tool to fight inflation, because if our income is stagnant then inflation will easily erode our money, the cost of living starts to be expensive and makes us unable to save more money therefore we must have a surplus of income from month to month because this is the most effective way to fight inflation, do not rely on the government or others because it is more difficult to change, it is better to focus on our abilities and how to increase income.

Yeah, for ordinary people like us, there is no better way to deal with inflation than by increasing our income and storing our money in asset that can protect us against inflation.

Complaining, blaming, and waiting for the government is just a waste of our time. It is not a solution. It will not make inflation disappear nor will it improve our financial situation.

We have to admit that increasing income is not easy, but it is still easier than waiting for the government to solve the problem.

[viljy]

The most effective way to combat inflation is to change the government. Whether this is done through elections or otherwise is not as important as the result, which is the arrival of new political leaders with a different economic policy. While there are objective factors that contribute to inflation, the goal of a successful politician is to minimize their impact. Unfortunately, this is easier said than done in reality.

[Swordsoffreedom]

A whole lot of people are facing this problem because it's general, not just your country but how you can ask the government to increase salary is not something that can be done by you alone, the civil servants can complain to the right office and they will submit the proposal to the office of the president and if proposal is rejected, the workers could declare strike depending on how it's done in your country.

The thing there is that, fighting inflation isn’t even just about having one’s salaries increased, sure that can help balance the situation a bit, but it doesn’t solve it, it’s just like cutting off a branch of the tree, rather than harvesting it completely from the root. It’s true that inflation is a global problem that is ravaging the world economy, and one may not really completely eliminate it, but an intentional strategic attempt by the government can really help to stabilize the economy and make it a bit bearable for the citizens.

Raising wages is only a temporary solution and cannot address the root causes of inflation. If the government raises wages but fail to control inflation, those pay increases will eventually be eroded by inflation.

In reality, raising wages has never been the solution, and the government understand that better than anyone. However, they still do it because it creates an immediate psychological impact on people. The wage increase creates the impression that the government is taking action and caring about people's lives. But in reality, they are using it to avoid addressing the root cause of the problem

If they truly want to reduce inflation, they should focus on controlling the money supply, cutting inefficient public spending or reforming the economy through other policies

[SOKO-DEKE]

What are the measures to deploy for the government to know that Civil servants salary should be added in respects to inflation rate to enable them meet up with the ways things are going currently.

A lot of actions have been taken before, many times, in some countries, but up till now, the problem has not been solved. Inflation continues to increase from time to time, and not much has been done about it.So, the advice I will continue to give people is that they should vote for the right leaders whom they believe can tackle inflation and increase workers salaries. They should also continue protesting and putting pressure on the government because it is possible that they will take appropriate action.

But seriously, the way people are suffering to meet their basic needs, despite being civil servants is too much in some countries. How can a civil servant be earning an amount of money that cannot even feed them for two weeks in a month? That is what has been happening in some countries. Just imagine that some of them have families to feed as well.

[ZAINmalik75]

Facing inflation is by having a surplus of income and also having investment assets in precious metals, property, especially bitcoin, that is the real tool to fight inflation, because if our income is stagnant then inflation will easily erode our money, the cost of living starts to be expensive and makes us unable to save more money therefore we must have a surplus of income from month to month because this is the most effective way to fight inflation, do not rely on the government or others because it is more difficult to change, it is better to focus on our abilities and how to increase income.

Nobody can disagree with the fact that one needs a higher income than their basic expenses to fight against inflation, because if you are only earning enough or even less than enough to cover the expenses and inflation keeps rising, then you are surely going to face problems over time. However, the challenging part is that not everyone can be capable enough to make investments and buy precious metals or properties to generate extra income to cover their expenses or have savings to fight against inflation.

If you have a full-time job that pays you well enough to cover all your expenses and still have some money left at the end then that's a blessing, but if you don't, then you will have to find another source of income as well, and if you don't have the resources to start a small business or make investments, you will be compelled to do a part-time job after your full-time job and that can be extremely exhausting.

[Japinat]

The most effective way to combat inflation is to change the government. Whether this is done through elections or otherwise is not as important as the result, which is the arrival of new political leaders with a different economic policy. While there are objective factors that contribute to inflation, the goal of a successful politician is to minimize their impact. Unfortunately, this is easier said than done in reality.

You are right there. Corrupt politicians have been sitting already on their dream positions, so they will do everything to remain on their current position because this is the only way where they can maximize their impact and steal the funds of the government that are allocated supposedly to the citizens.

But they can't beat it if its already the time of the next election, but while the power is still on them, the only way to tackle this inflation is to never rely to them but grow your own self more by developing those skills and traits that will help you maximize your income and make multiple sources of income as much as possible.

[Cheema02]

Facing inflation is by having a surplus of income and also having investment assets in precious metals, property, especially bitcoin, that is the real tool to fight inflation, because if our income is stagnant then inflation will easily erode our money, the cost of living starts to be expensive and makes us unable to save more money therefore we must have a surplus of income from month to month because this is the most effective way to fight inflation, do not rely on the government or others because it is more difficult to change, it is better to focus on our abilities and how to increase income.

Inflation is one of the top main issues for every individuals and to compete it Increasing money is the reliable solution. When you earning remains same but the prices of gods increases regularly then gradually your purchasing powers decreases and ultimately you lost the saving. So to protect wealth individuals should maintain multiple source of income for long term growth. On the other hand any single asset like Bitcoin or property is also the solution of inflation. If we research we analysis that assets has different risk level like in metals risk is different also in real estate and Bitcoin it's ratio changing and it's totally depends on your abilities. Also we can increase our wealth through getting advance skills and improves yourself according to market.

[Berry2d]

Its the responsibility of every government to tackle inflation but the corrupt once concentrates much on increasing it because of the benefits they stand to gain. To tackle inflation,  every government needs to adapt to some strategic methods that will enable them eliminate it and some of this strategic methods are: increase productivity, introduction of some mandatory policies and so on.
All the itemised strategic methods established above are of the same objective which is to provide a conducive environment for the citizens of the country. Most countries with this unique knowledge ends of creating a stabilised economy that recognises the faith of citizens.

[Unknown Op]

Inflation in a country can only be solve when a good leader take over leadership and also create an employment opportunities, so if the good leader is Creative the leader will fight inflation by fixing the economy of the country because one of the things that causes inflation in a country is when the economy is bad and what causes the economy of the country to be bad is when we have a poor management so the only way we can sort it out is when we have a good people who can manage the economy of the country and they also expand the sources of income in the country

I totally agree that a good leadership makes a prominent difference in managing the inflation but it is not the only factor that is completely influencing it, inflation is the combination of different factors including domestic issues global issues energy prices currency depreciation or maybe changes in the monetary policy of a country.

With making more employment opportunities and making the economy better for the long term solutions government should also be responsible for fiscal policies and independent Central banks that can manage the increasing amount of inflation through different methods. Inflation cannot be single handedly handled by the capable leader, it also require strong institutions and also the corporation between different businesses governments and citizens so that stable economy can be built.

[slapper]

There are no measures to perform because the government is already aware of that. They are the first to be aware about inflation, and they should foreseen the possibility already that civil servants will raise their concern for salary rate increase. But we can't expect for immediate action maybe because the corruption is high, so the budget is gone already before rallies or protests have been made.

The best way to overcome inflation is just to make a market of your own. Develop your skills and potentials, create business or any errands that will make people draw closer to you. This is the best way that we can earn unlimited income, aside from having our fixed income in our job.

There are mechanisms of inflation as an economic event. Interest rates, money supply, velocity of circulation, all that. Those are real levers. However, if there is corruption involved, those levers are not broken exactly. They are simply targeting different individuals than they should be.

Salaries are sticky. They change gradually, reluctantly, via negotiation and protest, and paperwork. They do change prices daily, even hourly now. So there is always this lag. This time when the laborers are already behind and before they can even talk about increases. When the raise comes, inflation has changed once again. You are always chasing.

The entrepreneurial career is successful. It helps people out of poverty. Real escape, not temporary. But inflation requires something that it continuously eats away from those who most need it. It is circling. The thing that would free you requires resources that the thing crushing you keeps taking.