Petrol is over $2.10 a litre and my water and electricity bills have also increased by about 15%.
You have no idea how lucky you are 
Here electricity prices went up about 2000%, although it dropped like three quarters again. It's still very high.
It would be in a normal country, but my lovely country is not very normal.
Here I have never met anyone who is in debt with an institution, perhaps, only some friend who owed like 30$ to a professor for some reason. There is only debt between people and pawn shops (which always ask for collateral, of course).
To be honest, not long ago I thought the situation with personal debt in developed countries was not so dramatic...