Post
Topic
Board Economics
Re: Fuel prices hitting an eight year high
by
bestcoins1
on 08/09/2022, 23:39:04 UTC
It's even uncontrolable in our country. It's the worst economic situation that we're in. Poor people are suffering and others are trying to look for extra jobs because everything is getting unaffordable including imported goods. The oil price hike is being announced each week and it's continuous. There might be rollbacks but the hikes are still higher.
In our country the price of oil for all needs has also increased and that is due to the increase in the oil used for daily fuel so that everything else also increases. And what I am afraid of is the magnitude of inflation that will occur here when the simple and poor people no longer have the effort to buy any goods because their ability has run out. And it's only the rich who don't feel destitute in their lives that perhaps the rich don't feel the effects of an increase in all goods.