What are the best way to tackle against inflation

[Jubilee58]

Like I always say every bad leadership will make policies that will be more favourable to them instead of the general public. It is true because they are being sustained from the government fund, and does not feel the pains of inflation. Nevertheless, in most cases what causes inflation is bad governmental policies, and if any government really want to reduce or avoid inflation they have obligations to fulfill to ease high cost of living, and hardship.
One of the ways government can can reduce inflation in a country is by subsidizing certain products. For instance, cost of transportation is one major thing that can cause inflation, if petroleum products are subsidized, transportation will be low, and products are likely to reduce in price. Another thing that can also cause inflation is tight borders, if borders are closed, and products from other countries are not easily coming in, it leads to scarcity, and the available products becomes high in price, but when goods are allowed to coming freely inflation can properly be controlled that way too.

[Mayor of ogba]

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.

If there's inflation in a country the government of the country will know about it and they will also know that the salaries of civil servants can't sustain them because of high cost of living, what is sold for $2 before could be sold for $6 due to inflation. If the government refused to increase the salaries of servants in order to correlate will the inflation then the labor union congress should dialogue with the government and give them reasons why they should increase the salaries of civil servants. If the government refused again to increase the salaries of civil servants after meeting with the labor union congress, the labor union congress should threating the government with an indefinite strike, this will force the government to increase the salaries of civil servants, because a country won't function well if labor union congress is on strike.

[Female King]

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.

If there's inflation in a country the government of the country will know about it and they will also know that the salaries of civil servants can't sustain them because of high cost of living, what is sold for $2 before could be sold for $6 due to inflation. If the government refused to increase the salaries of servants in order to correlate will the inflation then the labor union congress should dialogue with the government and give them reasons why they should increase the salaries of civil servants. If the government refused again to increase the salaries of civil servants after meeting with the labor union congress, the labor union congress should threating the government with an indefinite strike, this will force the government to increase the salaries of civil servants, because a country won't function well if labor union congress is on strike.

In Nigeria the labor union congress has severally try this strategy to see if the government will increase the salary of civil servants when inflation is high but it doesn't work even if they increase it they will only add it little that it won't still cover up the cost of things, although this method might work in other countries where there is less corruption, what Nigeria government do most time is to bribe the head of the union and everything will be left unsettled.

[Pearl_20]

Your only way is to side hustle because what else you can do? it seems your government don't want to hear you nor anyone so might as well side hustle and stack those dollars and even bitcoin.
Any savings should be converted to deflationary asset otherwise you're risking your lifesaving to be eaten up by inflation. It's tough situation to be in but to wait for a solution isn't the way.
Frankly, that kind of thing doesn't only happen in your country. The salary increase have been falling behind for quite a while compared to inflation.

You're right, the other way to tackle inflation is having another source of income so you just don't depend on your salary or that one business that sustains you and you're family, I also think that buying food in bulk especially when they're in season is very important there are non perishables like rice,veg oil and things like that you can get them and store while the price is still affordable. And lastly buy what you can afford so you don't end up staying in debts, spend money on things that are needed.

[Conqueror777]

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?

IMO the best way to tackle inflation is to buy physical gold. What is more, the politician and corruption problem is world wide; in some areas it is "viewed" more often and those who have politician friends tend to eat with them from the same pie that should have gone to the people these politicians serve.

[Berry2d]

Your only way is to side hustle because what else you can do? it seems your government don't want to hear you nor anyone so might as well side hustle and stack those dollars and even bitcoin.
Any savings should be converted to deflationary asset otherwise you're risking your lifesaving to be eaten up by inflation. It's tough situation to be in but to wait for a solution isn't the way.
Frankly, that kind of thing doesn't only happen in your country. The salary increase have been falling behind for quite a while compared to inflation.

You're right, the other way to tackle inflation is having another source of income so you just don't depend on your salary or that one business that sustains you and you're family, I also think that buying food in bulk especially when they're in season is very important there are non perishables like rice,veg oil and things like that you can get them and store while the price is still affordable. And lastly buy what you can afford so you don't end up staying in debts, spend money on things that are needed.

Multiple sources of income at times only provide an avenue through which one can outsmart inflation but cannot provide a permanent solution to it.
The best and easiest way of finding solution to any problem is by finding the possible causes of the problem and if such is done it can easily be controlled.
It is completely obvious that the possible causes of inflation in most nation is bad governance,  if a nation is lead by corrupt representatives it will be very difficult for inflation to be controlled.  Therefore the best way is having a set of leaders with vision and dreams of effecting positive changes in the country.

[Zigabel]

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?

Tackling Inflation goes beyond an increment in salaries or reconsiderations of salaries of civil servants, if the salaries of civil servants are been increased at everytime we experience Inflation,  that will be encouraging Inflation rather than Tackling it. If the economy is stable and the cost of living is such that even the poor does not see it as burdensome, then there will be almost no need for the continues increment in pay, rather that which has been allocated as their pay will become exactly or even morethan enough for them to be able to carter for their daily and basic needs till their next payment.

So here’s my point,  the government should improve on economic policies that encourages healthy competition amongst goods and services providers in the country, one thing that encourages Inflation the most is monopoly,  at that time those who has the monopoly of goods or services,  gets to determine the price the way they want,  and at any profit margin they wish, but if the government set up economic policies that are both regulatory and encourages healthy competition,  you will see the economy growing and Inflation going down. Furthermore,  policies also encourages foreign investments into the economy  that creates jobs and reduces the pressure on government employment rates,  it will even encourage entrepreneurs to establish better,  in such an economy, Inflation hardly becomes an issue of particular concern because the cost of living is very affordable and purchasing power is strong/high. This is one of the many approaches the government can employ rather than increment in salaries alone.

[Swift_tr]

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?

In my country many civil servants can't afford good houses anymore, regular meals becoming luxury because many can't afford them anymore, movement has been restrained due to high cost of transportation. So I agree with your point because inflation affects the people especially the ones with fixed salaries which they entirely depend on.

If we must tackle this economical challenge called inflation, the government and individuals play major roles whereby stringent policies that affect the causes of inflation, encouraging local production and enabling an environment where businesses can thrive without constantly increasing the prices of their commodities.
This will increase the purchasing power of the people but in turn too individuals can try to manage their expenditure, inculcate saving habits or make investments that could generate an alternative source of income for them.

[qurbanshah02]

Either you have to make it easy for yourself by taking out some extra money or you have to do a better job or do something else separately which will increase your income and you will avoid this inflation but sometimes you will still feel it because your business will not give you daily employment due to which it can also make inflation for you for some days. But not everyone can adopt this so the government should not put too much burden on the people due to which people die of hunger. Although they can increase some prices but not so much that it changes the life of a common person who is only affected by inflation. To avoid inflation you have to work hard and earn as much money as possible this will give you enough money with which you can afford inflation. Although this is not a good way but sometimes the government is forced to take such steps.

[Abdulzuruku01]

Like I always say every bad leadership will make policies that will be more favourable to them instead of the general public. It is true because they are being sustained from the government fund, and does not feel the pains of inflation. Nevertheless, in most cases what causes inflation is bad governmental policies, and if any government really want to reduce or avoid inflation they have obligations to fulfill to ease high cost of living, and hardship.
One of the ways government can can reduce inflation in a country is by subsidizing certain products. For instance, cost of transportation is one major thing that can cause inflation, if petroleum products are subsidized, transportation will be low, and products are likely to reduce in price. Another thing that can also cause inflation is tight borders, if borders are closed, and products from other countries are not easily coming in, it leads to scarcity, and the available products becomes high in price, but when goods are allowed to coming freely inflation can properly be controlled that way too.

I totally agree with your point, by subsidizing some high consumption goods, a country can tackle high inflation. The country should have good leaders and strengthen the value of its currency by manufacturing products locally, in that way it won't have to depend so much on other nations for high demand products. 

But in my opinion it would be much better for a country with natural resources like crude oil to refine it in its own country, they should build their own refineries instead of selling crude oil and later buying back the refined products from other countries, then subsidizing them for the citizens.  Also when it comes to farming if a country has good fertile land, the government can support farmers with tools that make farming easier. And by doing that food commodities will always be in circulation and can be affordable for the people.

[programmer3666]

Like I always say every bad leadership will make policies that will be more favourable to them instead of the general public. It is true because they are being sustained from the government fund, and does not feel the pains of inflation. Nevertheless, in most cases what causes inflation is bad governmental policies, and if any government really want to reduce or avoid inflation they have obligations to fulfill to ease high cost of living, and hardship.
One of the ways government can can reduce inflation in a country is by subsidizing certain products. For instance, cost of transportation is one major thing that can cause inflation, if petroleum products are subsidized, transportation will be low, and products are likely to reduce in price. Another thing that can also cause inflation is tight borders, if borders are closed, and products from other countries are not easily coming in, it leads to scarcity, and the available products becomes high in price, but when goods are allowed to coming freely inflation can properly be controlled that way too.

The people in the position of making the rule are not haunted by the pains, which is why they hardly reverse their destructive decisions. Those out of touch with reality so called leaders we have don't buy from the same market as the ordinary citizen so they don't feel the heat of the inflation they impose on us. They have their funds in other foreign currencies so they never feel the physical pressure of it, the highest they know about inflation is the numbers they read on screen. The only way things change for the better is when those in charge start to feel what the citizens feel in equal manner then their policies will also be destructive to the economy.

[Cookdata]

In Nigeria the labor union congress has severally try this strategy to see if the government will increase the salary of civil servants when inflation is high but it doesn't work even if they increase it they will only add it little that it won't still cover up the cost of things, although this method might work in other countries where there is less corruption, what Nigeria government do most time is to bribe the head of the union and everything will be left unsettled.

What the labour congress did was outrageous call and it's not feasible in any way. The labour chairman said it himself, the ₦500k they gave the government is because they don't want to settle for less. They know the government very well if they quote small amounts during the negotiations, they will agree with small increments for minimum wage. Think about it for a second, if the governments increase the minimum wage to that amount, you think the government would be able to pay it. If you have a business, can you pay them that amount? Can you you pay your cook that amounts of money in a month? Hell no.

An inflation doesn't mean the minimum wage have to be increased. It's something that made the inflation to go up, the solution is what they need to find to the problem. The increments the government gave wasn't because of the inflation, it was because the government has refused to subsidized alot of things and when the price of things went back to their original price after the dollar drama, the government increased the minimum wage 2x after the naira failed to dollar by 2x and that make sense.

[eightdots]

Either you have to make it easy for yourself by taking out some extra money or you have to do a better job or do something else separately which will increase your income and you will avoid this inflation but sometimes you will still feel it because your business will not give you daily employment due to which it can also make inflation for you for some days. But not everyone can adopt this so the government should not put too much burden on the people due to which people die of hunger. Although they can increase some prices but not so much that it changes the life of a common person who is only affected by inflation. To avoid inflation you have to work hard and earn as much money as possible this will give you enough money with which you can afford inflation. Although this is not a good way but sometimes the government is forced to take such steps.

Governments’ efforts to combat inflation should be based on better planning, as it is not always possible for individuals to devise sound economic plans of their own. It is the responsibility of the state to protect its citizens against inflation. That said, governments themselves can sometimes find themselves helpless in the face of inflation; therefore, it would be unfair to direct criticism solely at them.

The goal should be to minimize the impact of inflation. This can be pursued through measures such as generating additional income and avoiding unnecessary expenditures. While such actions are not easy to implement, they are necessary when dealing with inflation. At the same time, it is incumbent upon governments to actively fight inflation and work to minimize the extent to which their citizens are affected by it.

The act of raising prices beyond normal levels by those who sell goods or services is one of the factors that contribute to an increase in inflation. Businesses that implement such excessive price hikes should be monitored, and a solution to this issue must be found.

[Mr Reporter]

What the labour congress did was outrageous call and it's not feasible in any way. The labour chairman said it himself, the ₦500k they gave the government is because they don't want to settle for less. They know the government very well if they quote small amounts during the negotiations, they will agree with small increments for minimum wage. Think about it for a second, if the governments increase the minimum wage to that amount, you think the government would be able to pay it. If you have a business, can you pay them that amount? Can you you pay your cook that amounts of money in a month? Hell no.

In addition to what have been said, the ₦500k was not what the government were expecting at that point they through they might hear a playful amount, but the Labour secretary Olowoyo Gbenga is kind of a wish man for mentioning such amount that was just an opening bid if you ask me, we all such just that this such be a starting point of how the 2027 salary structure would look like…

This is what had happened in the longest period…
-In 2016 NLC demanded ₦56k when minimum was ₦18k, they ended with ₦30k in 2019
- In 2024 they demanded ₦615k, we ended with ₦70k

https://radarr.africa/₦500000-wage-demand-highlights-nigerias-rising-costs/

So to me even this ₦500k now is just like the playbooks that has been happening in the past by the government likely if they asked ₦100k the government might bring it down to ₦50k…..

[terrific]

In Nigeria the labor union congress has severally try this strategy to see if the government will increase the salary of civil servants when inflation is high but it doesn't work even if they increase it they will only add it little that it won't still cover up the cost of things, although this method might work in other countries where there is less corruption, what Nigeria government do most time is to bribe the head of the union and everything will be left unsettled.

There is also the domino effect for increasing the wage of civil servants or even the normal employees.
The increase of wage will be taken either from increased taxes or for the usual employees, for the goods they are selling.
What is the best way for the government to tackle this problem is to curb down the bills, rents, oil and all other utilities that we use.
Because that's the reason why the cost of everything has increased and it's a never ending loop and problem if they don't have political will to solve it.