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.
Here at the Philippines varies depending on the location like how close it is to stores, malls and also main roads and lifestyle approach. Here's one, in Manila apartment prices ranges around 25,000PHP to 50,000PHP that like $435 USD to $866 USD per month. The utility bills like electricity and water range around 2,000 PHP upto 5,000 PHP so in USD it's $35 up to $87. Before, a meal only cost 0.52 USD but to now it's already at 2.60 USD. Also, transportation here varies depending on the price of oil so public transportation can be overspending. Low incomer to middle incomers definitely feel the effects of inflation as to jobs needs a lot or requirements in educational attainment even tho it's irrelevant on the specific jobs. Not so much to say here but religion also counts where its about getting hired in a job. So, considering a city or area to live on also align in you financial preferences.