Inflation has been a major concern in the current economic climate, affecting everything from groceries and gas to housing and utilities. As price rises,many household areas struggling to keep up with the increasing in cost of living. Businesses are also feeling the pressure,as higher cost of raw materials and wages are impacting their profits.
While government and centre Banks attempt to control inflation through interest rate adjustment, consumers continue to seek way to manage their budgets effectively.
Do you think Government policies are helping or hurting the situation? Why?
What strategies have you used to cope with rising price??
Various country's government and economy almost has felt the impact of this inflation, they Federal reserve printed 20% more in existence in 2020 than before to caution the effect of Corona virus outbreaks, then what do you expect afterwards? the economy would suffer the impact. Since then the prices of goods and services, electricity, rents has skyrocketed to its all time highs than ever before and all sectors of the economy has all felt it, whereas most wokers salaries has remained the same.