What are the best way to tackle against inflation

[bubilas]

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?

I think it's impossible to get the government to understand the importance of raising wages in line with inflation and rising prices. They simply don't care, and they know the figures, but what's the point of acknowledging them publicly? They're sitting offshore, earning interest, and they're doing just fine collecting it. Do you think politicians in small countries invest in their economies? Never. They'll buy gold and bonds, as well as stocks from the most developed countries. And the population will put their money in savings accounts, hoping that the growth of these accounts will at least catch up with inflation. But that's still stupid. Only crypto will save us.

[bangjoe]

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?

I think they know what the condition of civilians is, moreover, they always do economic censuses and there is also a count of parameters that can be made into a good standard of living and income in each period, so they actually know.

The government must look down and it is clear that they must have concern for the people, it used to be their capital, from there they have the motivation to build the economy and give decent salaries to the people, if these governments are only concerned with themselves without giving anything to the people in order to have a decent life, it is clear that if they do not have concern it is a sign of corruption.

[PakHolder]

I think that just increasing salaries is not the whole solution. If inflation is not controlled then after a few months the value of that additional salary will also decrease.  On the one hand the government should make the salaries of government employees consistent with the real cost of living, and on the other hand, it should also focus on controlling inflation reducing corruption and increasing employment, In my opinion it is more important to look at the living standards of ordinary employees before increasing the privileges of political leaders. Only then will the people build trust in the government.

[YOSHIE]

What do you think?

If you ask me personally about dealing with inflation, for me there are several things that need to be done.
One of them:
Try limiting consumer debt, for example avoiding new debt, maybe that's the best way to deal with inflation like now.
Next, maybe you could prepare an emergency fund, I think situations like that are important to anticipate economic turmoil and inflation.

Or another way is to develop the strategic skills you have, the aim is to get a side economy, this is the best strategy for dealing with inflation.

[Chilwell]

I think that just increasing salaries is not the whole solution. If inflation is not controlled then after a few months the value of that additional salary will also decrease.  On the one hand the government should make the salaries of government employees consistent with the real cost of living, and on the other hand, it should also focus on controlling inflation reducing corruption and increasing employment, In my opinion it is more important to look at the living standards of ordinary employees before increasing the privileges of political leaders. Only then will the people build trust in the government.

You are saying the right thing but i want you to understand that government himself is the one that is engineering all this inflation, it is not that they can't control it but due to corruption and other things they decided to leave it since it will be on their favor. No individual is bigger than the government, just like my country our government is responsible for the difficult life we are facing, because when the Labour Union are demanding increment of salary, our government don't argue with them but he will take it back by increasing the tax percentage to the extent that it will even eat up almost 80% of what they added.

After the increment the lot of commodities or almost all will increase, this is why I said in our government is the one Engineering difficult life we are facing. There is not any measure that is been taken away to give relief to the  people.

[uneng]

What has to be done is to stop putting your hopes and expectations on politicians and other people in general who sell themselves as saviors. That is the first step.

Then, you should avoid holding large amounts of fiat. As soon as you accumulate some amount of money, make sure to invest it in a way the money will be protected against inflation, generating superior returns than the inflation rates.

Progressively, you will beat inflation and build enough capital to start even more profitable investments. There isn't a general recipe on this matter, though. You have to analyze the conditions and demands from your local area in order to find out the most accurate investment to be made, at same time you take your own skills and personal preferences into consideration.

[EarnOnVictor]

-Snip-
What do you think?

I think you generalise this too much, and you sounded Nigerian. We must know that even if some countries' systems are not working, it's not that their governments don't care, but it could be challenges beyond their capabilities, because it's not all countries that have the opportunity of huge wealth of natural resources. While that is a single factor, the irresponsibility and incapability of the government is another factor. These makes it three factors now if we consider your point here, but which is not applicable to all.

Regardless, don't think most governments don't know, oh yes, they know, but the unavailable money, how can the people access it? Whether they steal it, they have scarcity of it, etc, if it is not available, they can't share it around. That is why I like the people who don't rely on their pay jobs alone, or the nonsense the government has to say.

[puloweh555]

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?

When inflation occurs it's not just civil servants who are affected everyone is affected with the worst consequences, of course being those in the lower-middle class. Therefore, the solution shouldn't be limited to civil servant salaries the government must consider a broader framework.

Inflation usually indicates policy imbalances, but simply raising civil servant salaries significantly without increasing productivity is unbalanced and even worse it appears unfair. Therefore, a more far reaching solution is for the government to be disciplined in its finances, reducing the deficit and printing money. Furthermore, establishing regulations is crucial for facilitating investment, infrastructure and bureaucratic efficiency which can increase production. We cannot deny that even developed countries struggle to address inflation but simply raising salaries or playing with interest rates will only lead to recurring inflation.

[9ja Amaka]

I think we have 3 major ways to tackle inflation,  which are monetary policies, fiscal policies and supply-side polices.  I think this 3 policies that are used by central banks and government helps in reducing inflation in a country. The central banks use money policies to reduce inflation  by controlling the supply of money and also the cost of borrowing, while the government on the other hand makes use of taxation and other means to control economic activities and consumers purchasing paower.
Finally supply side polices is another way to address inflation issues in a country,  increase output,so their will not be shortage of any commodity,  which will definitely reduce inflation in any society.

[Rockstarguy]

Inflation is not the result of just a particular factor. Countries where there is serious inflation have specific causes for the increase in inflation. Inflation can be the result of bad policies that affect economic growth or poor leadership from leaders who don't understand how to boost the economy.
When a country chooses to import everything and there is no productivity taking place, and the country solely relies on importation, it can also cause a high level of inflation. The government is responsible for tackling inflation, and if there is nothing they can do about it, no one can tackle it.

[Cheema02]

I think that just increasing salaries is not the whole solution. If inflation is not controlled then after a few months the value of that additional salary will also decrease.  On the one hand the government should make the salaries of government employees consistent with the real cost of living, and on the other hand, it should also focus on controlling inflation reducing corruption and increasing employment, In my opinion it is more important to look at the living standards of ordinary employees before increasing the privileges of political leaders. Only then will the people build trust in the government.

Inflation is the most dominating issue in the world even the progressed countries also faces this. Mostly countries doing nothing to controle it but some countries trying to overcome it by just increasing salaries but it's not the authentic and long term solution of this problem. If salaries increases but the daily need bases stuffs regularly increases then how a normal individuals can survives because wealth lost its value consistently with time. Government should increases the salaries and also make plans to controle inflation like they crack down the corruption and create job opportunities for youngsters. So when people observes fairness in government then they starting to trust on government and it's best solution. So if these steps taken by government then gradually people join their works and they don't have time to waste then they produce leaders.

[Royal Cap]

Inflation is not the result of just a particular factor. Countries where there is serious inflation have specific causes for the increase in inflation. Inflation can be the result of bad policies that affect economic growth or poor leadership from leaders who don't understand how to boost the economy.
When a country chooses to import everything and there is no productivity taking place, and the country solely relies on importation, it can also cause a high level of inflation. The government is responsible for tackling inflation, and if there is nothing they can do about it, no one can tackle it.

I would say that considering the current situation, the economy is not an isolated island that one country can control everything alone if it wants. Today  the global market is so interconnected that if there is a war in one part of the world or if the price of oil increases, it will be affected in the other part, no matter how strong the leadership of the country is.  All countries import something or the other, because in the present era , it is not possible for any country to produce everything alone. We have to depend on others for raw materials or technology
Of course the government has a big responsibility to manage the market situation but the central bank's control of interest rates and the general public's tendency to over buy, all these things together create the market situation.

[bubilas]

Inflation is not the result of just a particular factor. Countries where there is serious inflation have specific causes for the increase in inflation. Inflation can be the result of bad policies that affect economic growth or poor leadership from leaders who don't understand how to boost the economy.
When a country chooses to import everything and there is no productivity taking place, and the country solely relies on importation, it can also cause a high level of inflation. The government is responsible for tackling inflation, and if there is nothing they can do about it, no one can tackle it.

In many countries, the economy resembles a ship with a single rudder rather than a finely tuned mechanism. Wherever the country's leader turns the rudder, the entire economy will shift. This is a very bad way to run things, because the economy is a very sensitive "organism" that must be measured and regulated through a multitude of careful adjustments. It operates by its own laws, and the United States and modern Japan, for example, are adept at managing these mechanisms and achieving minimal inflation. But countries like the former Soviet Union, or most African countries, are exactly what I described at the beginning of this article. This is not how the economy should be managed in 2026.

[letteredhub]

What do you think?

The government who has the monopoly of printing money as much as they want are the catalyst of why inflation keeps getting worse because they always think that they just have to print more money if they have to in order to carry out every project they are embarking on. Each time more prints are made it falls back on the economy as it reduces the value of the currency.

No matter how many times the minimum wage for civil service workers may be increased it won't still make or solve the problem permanently but just temporarily in the shortest time and it goes on again that the increase wage is no more enough because inflation has doubled. Do we ask where the increase wages are paid from? From more printing.

[iv4n]

What has to be done is to stop putting your hopes and expectations on politicians and other people in general who sell themselves as saviors. That is the first step.

Then, you should avoid holding large amounts of fiat. As soon as you accumulate some amount of money, make sure to invest it in a way the money will be protected against inflation, generating superior returns than the inflation rates.

Progressively, you will beat inflation and build enough capital to start even more profitable investments. There isn't a general recipe on this matter, though. You have to analyze the conditions and demands from your local area in order to find out the most accurate investment to be made, at same time you take your own skills and personal preferences into consideration.

You have some good points... don't trust "big words" & "saviours", rely on yourself and think about what you can do for yourself. Holding fiat is not an answer... if someone has more money, put it to work. It doesn't have to be a big amount, people can DCA if possible... little by little.

And I agree that there's no general recipe or solution... We live in different areas, we are in different conditions, so people should know what they are capable of,  analyze their surroundings, and make a move. Waiting for some miracle is like wasting time...

[Dewali]

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

 
      Curbing down inflation is not solely responsible of political leaders, but a good leader has a significant impact to play through fiscal policies and effective governance, inflation itself Is affected by interconnected within the country.
        One of the most effective way of curbing down inflation Is through monetary policies which Is managed by central Bank . Most countries use interest rate based banking system curb inflation when there's high inflation central increases interest rate to reduce spending and borrowing in other encouraged savings.on the other hand when inflation slow down central bank decrease interest rate in other to encourage spending , borrowing and investiment.
       However relying on interest alone does not solve the problem in long term , when a the country with a poor domestic production, disruption of supply,over depending on imported good and serving which eventually lead to currency depreciation.