Quote from: TEBTC on November 29, 2024, 11:42:23 PM

Inflation involves the increase in price of goods and services in the market

Inflation doesn't mean an increase in the price of goods, but a depreciation of the money required to buy goods, and to compensate for this, sellers "raise" the price (demand more money per unit of goods).

Quote from: TEBTC on November 29, 2024, 11:42:23 PM

making things unaffordable to the common

By making fewer goods available to ordinary people on the same income.

Quote from: TEBTC on November 29, 2024, 11:42:23 PM

Inflation is really affecting the common man

Inflation affects "difficult" people in the same way. All world money is subject to inflation, which means it affects everyone, without sorting into rich and poor. The only difference is that the poor feel this effect most painfully.

Quote from: TEBTC on November 29, 2024, 11:42:23 PM

high inflation rate is really a Thorn in the flesh of the common man

Inflation is an integral part of the world economy, which cannot be eliminated in the current financial model and you can endlessly complain about it, but nothing will change. You need to accept these rules of the game and take inflation into account in your financial plans.