Post
Topic
Board Economics
Re: The Taste of an Economic Downturn
by
teosanru
on 05/01/2023, 17:14:35 UTC
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.

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.

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?
Obviously the prices of a lot of things have gone crazy. The economic situation in my country is that prices of most of the things have doubled since the previous year. Most of these things are those which are necessary for survival of any person. But somehow I feel even the incomes have also increased somewhat in my country of most of the people so this isn't affecting everything that badly until now. Also I am surprised to hear about onion prices in your country $12.57 is like crazy. It's more like 12-13 times the price we have here.