Post
Topic
Board Economics
Re: What is the best strategy to beat inflation in 2025?
by
Agbe
on 31/03/2025, 14:29:36 UTC

The government has more crucial role to play in controlling inflation in a country, citizens are not expected to work more or cut expenses to help control inflation.  Governments needs to work in the monetary department to help keep the economy balanced, everyone of age works and pay taxes, what more do they need to stabilize the economy if its failing. Don't forget enjoyment and spending is part of a healthy living, a good economy isn't judged by how people manage what they have but how sufficient it is that even those with minor jobs can be able to afford daily needs.

With the current inflation happening, there are still those who spends lavishly, it doesn't matter on rising inflation, if the government is able to control expenses, demands and supplies there will be no difficulty in cause of inflation.

The government plays a more important role in controlling inflation but they are not the only ones and cannot decide everything on their own. For example, the Fed maintains high interest rates, the Russia-Ukraine war disrupts oil supplies, making production and transportation costs expensive. Not to mention, Trump's trade war is making things worse...and these things are clearly beyond our government's control. So we can't just put all the blame on them or wait for them to solve those problems, we should also find a way to save ourselves first.
Government Plays a key role in controlling inflation because they  are the once that plays the regulatory role in any country but it's simple economics that for any country to beat inflation in the price of goods and services they must as a matter of fact prioritize local goods over foreign goods government must invest in the manufacturing industry in their country by encouraging local businesses and companies by way of making the local business environment conducive for manufacturing, this can be done through giving of loans to manufacturers steady power supply which is key to manufacturing then this is the only way where by a country can have low inflation because until you meet local demand you cannot have a good inflation rate.