Post
Topic
Board Economics
Re: How is the cost of living in your country?
by
samcoin
on 01/03/2023, 21:28:07 UTC
I would be curious to read of the experiences others around the world are having in regards to their cost of living.

Whatever the price increase percentages are in Australia or any other first world country, it can't be compared in any way to the rising that happens in some of the third world countries. Lebanon, Syria, and many others are suffering a dropdown in their national currencies against the dollar, which caused fast increases in products prices. Just imagine that the prices in Syria has risen up %300 from the point it was one year ago, and over %14000 from where it was 12 years ago when the war started. In addition, Lebanon has the same situation, but in worse way, as their currency dropped down from 1500 L.L = $1 to 86k L.L = $1 these days, and that drop happened in less than two years, so imagine how products prices will be.