Quote from: Fortify on Today at 08:29:16 PM

Quote from: ChiBitCTy on Today at 02:55:38 PM

Right now things are starting to get a bit scary with not only how bad inflation has gotten, but also how bad supply chain issues are continuing to get. The pandemic has caused a huge mess, and I'm curious how bad you guys see things getting and if it's as bad in your country as it is here in the United States.

First, how bad is inflation in your country..what % is it currently at? (Here in the U.S. it's between 4-6% on average. Many items have inflated much more such as seafood being around 20-30%)

Second, are you seeing supply chain issues in your country and how bad is it? (For example my favorite toilet paper has not been produced for well over a year now. Recently my two favorite bags of chips have become unavailable from both supply chain issues and factories focusing on other items, putting them ahead of my FAVORITE damn chips lol).

It seems we are still in the very early stages of inflation and how bad it'll get depends on how long it perseveres. People in most countries will likely be able to tolerate a year or two of inflation without too devastating an impact - it will erode their salaries and push up the cost of living, so it closes the margin between income and outgoings. However the real challenge will be longer term, unless it is gotten under control it could cause central bank interest rates to rise which will cause a lot of trouble for home owners in 2-5 years time after the mortgages come up for renewal. If people are used to paying 2% it will be a big shock to see it rise up to 5-10% and will seriously curtail spending power, this has a knock on effect and ultimately leads to recessions.

You seem to know what you're talking about, I have a genuine question, though, how do things return to "normal"? How do we return to pre-inflation levels? For instance, fuel prices keep rising, so are most of our daily goods, how are these prices going to return to more humane levels? Is this thing a one off, which will last a few months before it dies down?