Post
Topic
Board Economics
Re: Inflation & Supply Chain Issues-How bad is it going to get?!
by
wxa7115
on 30/10/2021, 20:26:38 UTC
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).
This is quite similar to what we’re facing in my country as well, there have been an increase in the price of almost everything you can get in the market these days. And as for not finding things I need in the market, well I can find them but the problem that I’m having with most of them these days is that companies are beginning to reduce the number of items that were usually in their products they sell: take for example let’s say that you can buy a biscuit of $5 and see about four pieces of biscuits inside it, this time around if you buy that same biscuit you are going to see only three pieces inside it.

And the worst part of it is that even after they have decreased the number of items in that product, they will also increase the price as well which is really annoying. I just hope that things get better and not continue like this.
We will have to wait and see, for a long time there have been predictions about the fall of the fiat system and since it has not happened then those which are in favor of the fiat system use this as a demonstration that it will never fall, but we know better, we know it will happen we just do not know when it will.

However the crisis caused by the pandemic is proving to be a huge problem, the government printed a lot of money, the taxes they collected went down, the economic activity went down as well, and even after all the vaccination effort the economic recovery has been way slower than anticipated, so with all of that in mind I do not see things getting any better for at least a year.