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.
This issue of inflation has been one major problem in my country today, because the price of things are inflated and are increasingly high thereby making the price of things to skyrocket on daily basis and the government that tend to have much influence and power to subsidize this high rate, they are the ones setting up policies that are affecting it a whole lot. And this is becoming so alarming that nothing has been done and it's really affecting the whole sectors. But if the government policies would help cut down on some high rates then there would certainly be a way to get out of this.