Post
Topic
Board Economics
Re: How is the cost of living in your country?
by
DaNNy001
on 05/08/2024, 13:04:11 UTC
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.


Initially I thought this crazy inflation is only happening in my country (Nigeria), ..out here people are barely surviving, people can't afford basic amenities anymore, even those that are rich are cutting down their expenses, they can't really spend money the way they used to.. Funny thing is people think they way out of this hardship is going to another country forgetting that the inflation is all around the world,
The cost of petrol is a thousand naira per litre which is times 3 of what the price used to be, the economy of the world is crumbling and people are exhausted