⭐ Merited by fillippone (2)
I wonder how ordinary people around the world felt the worsening economic situation in their respective countries. I know that although many are very much aware of the soaring inflation, nothing has changed much in their day to day lives. I can observe that in some families. They seem oblivious of how the prices of basic goods and services are rising in double digits.
I just came back from a travel 2 days ago and went to a mall and I'm agreeing with what you said.Many people still are going to a mall, spending some money buying some stuffs even though the prices are really expensive. People are spending almost the same as it was a few years ago when the inflation is still aren't that high. Nothing really has changed with how people are spending their money despite the rising prices of commodities and the things that we need.
From my household, however, we can literally taste the economic downturn. It feels odd and sad that we have to sacrifice taste in order to somehow cushion the impact of the economic problems my country is facing. Onion here is already hitting $12.57 a kilo. Depending on the size, that's about $0.63 apiece. Cooking an ordinary dish for a small family requires a bulb or two. During this holiday season especially, we normally need tens of onions. That's not affordable anymore. So we had to greatly reduce the use of onions and try not to care about how the dish would turn out. On ordinary days, onions are even removed from the ingredients.
We came from the same country, and I already feel that the prices of Onion increased that much that there are some people who are preferring either to lessen the number of onions that they are putting to their dishes, or to not buy onions anymore.I know OP that you know what happened to the price of Chili years ago
. It's the same as this one and there's not much difference on it. Prices of Chili at that time spiked to almost $20 per kilo IIRC. Now people are posting pictures of Onions painted with gold color on Facebook. I had to share this here because it feels like the economic situation has already affected the most basic need of everybody. It seems insignificant because it's only a spice, but I thought that if the economic situation is already affecting everybody's taste buds, it could mean things are getting pretty serious.
I wonder, especially in other countries, how drastic is the change in your daily life that's brought about by this economic downturn?
I felt the downturn of our economy when we tried to budget our money to have some food to eat this Christmas and we saw how expensive foods this year are. Last year, we can make at least 7-8 dishes in Christmas but this year, we used the same budget, and we can only make around 3-4 dishes. The effect of inflation really is too much especially for average people who are working just to have money to be used in their daily lives. I wonder, especially in other countries, how drastic is the change in your daily life that's brought about by this economic downturn?
The good thing though is that inflation in the US is going down already and that affects the global market. Even though I don't expect that 2023 will be a fruitful year for everyone, I'm not expecting as well that 2023 will be as harsh as 2022. My advice to other people is that, as much as possible, be frugal and save money and if you can, invest as well.