Hi Guys,
I'm curious to know if there is a cost of living crisis in your country and if you are feeling the effects of rising goods and services.
I'm Australian, and the inflation rate in 2023 was over 4%.
I have noticed significant increases for everyday essentials like food, petrol and utilities.
The cost of petrol is around $2.10AUD per litre, which is insane.
Let's hope things improve in the near future because the current state of things is unsustainable.
Similar to Australia, the cost of living crisis in Indonesia reflects unstable global economic conditions, which affect people's purchasing power. Rising prices of goods and services can cause financial stress on individuals and families, forcing them to spend more money to meet basic needs. This situation can also create uncertainty and economic difficulties for some people. as the saying goes "Money is not everything, but without money, everything is difficult" - this proverb describes the increase in the cost of living in Indonesia. Difficult economic conditions can have a big impact on people's daily lives, so it is important to have good financial management skills Good.
However, there is a view which states that despite the increase in prices of goods and services, Indonesian people are still able to survive and adapt to fluctuating economic conditions. Many of them are using savings strategies, looking for cheap alternatives, and increasing creativity in facing the challenges of increasing living costs.