Where do you live and what kind of giant secret recipe golden plated onions are those?
I believe he lives in the Philippines. Perhaps for some reason onions are not produced much there and that is why they are more expensive.
I wonder how ordinary people around the world felt the worsening economic situation in their respective countries.
In general, with inflation in many parts of the world, prices have gone up, and if salaries have gone up, in most cases they have not gone up as much as inflation, so people have less purchasing power, and what they do is reduce expenses. Another thing that has happened is that the main payment that families have, which is usually housing, has also risen due to the increase in interest rates. Those who had a variable rate mortgage have their payment increased with the revisions, those who take out a mortgage now also pay more for it than a few months ago, and to a certain extent this is also transferred to the rental market.
In the end, people have to do the same or more with less, and that is what central banks are looking for, lowering demand to lower inflation, which is done at the cost of the suffering of families.
That is why it is good to keep Bitcoin, although now it has fallen, in the medium and long term it maintains and even increases the purchasing power quite a lot.