Quote from: Mr.sprin on February 15, 2025, 03:07:55 PM

Quote from: Israelgogo on February 15, 2025, 02:27:02 PM

The rate at which things are becoming expressive is alarming, the rising of prices of goods and services like in Nigeria is affecting the livelihood of the people. Many Nigerians have travel out because of high rates in prices and low financial value.

Is this a global phenomenal or is only Africans going through this economic deflection and poor government system?

In Indonesia, something similar is also happening, the prices of all goods continue to rise while the income that people earn is not sufficient for their daily needs, with the inflation rate continuing to rise so high that it is not sufficient for their daily needs, the current economic setback is very unfortunate for people with middle to lower incomes because state officials must think about the same thing and look for solutions to overcome the increase in prices of goods and services in our country so that our people are destitute for their daily needs.

I also came from the same country. In recent years our country has decreased economic growth and this also has an impact on the increase in prices of goods and services. This is very clear, especially with inflation. Inflation The phenomenon of the price increase of goods and services gradually or gradually continuously. Actually inflation is not an increase in the price of goods or services, but inflation is a decline in currency value, this is what makes the country experience economic setbacks.

On the other hand, the cause of inflation is not only from the consumer side (demand & supply) but also comes from the producer side (distribution costs, demand for goods from outside, regulations regarding trade problems) that affect the selling price of goods. In addition, our country Indonesia has more needs, because every year the population increases, its needs are high. While goods including food (food) are relatively reduced because the land has been built units/buildings. This is part of the cause of the price increase of goods.