Post
Topic
Board Economics
Re: How is the cost of living in your country?
by
Yaqs15
on 16/06/2024, 09:04:17 UTC
Inflation is general. It’s in every country on earth. Unless the country doesn’t use fiat (which isn’t possible because what then are you using as legal tender). In the next couple of years, the cost of petrol would likely be more than that. And even if it isn’t, other items like food items, or clothes would cost more. How you’d know this is when you look back to how it used to be, you can see the trend of inflation.
Before, things used to increase on either annual basis, two years or more. But now, things are increasing like hourly not even monthly. something that you just purchased few hours ago, going back again like in the evening, you will see that they will tell you another price that's more than before. The problems that most countries are facing today, are caused by the government. Removal of fuel subsidy, unification of foreign exchange and leveling of taxes on companies and industries have made things difficult for people. In my society today, people are suffering. their income are not up to their expenditures. Still things are going up.