How is the inflation affecting the economy in your country?

Average inflation in Brazil over the last 12 months is 6.7% and the basic interest rate in Brazil is 13.75% per annum, The economy is improving, but there are still many uncertainties surrounding the national scenario.

Inflation effect our economy badly and we've high inflation here even the people can't buy things to eat, our maximum inflation rate is 30% and minimum is about 10%.

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Inflation is affecting here as in all of Europe. The politicians say that it goes down but when I go to the market everything is more and more expensive.

I'm not sure of our country's real inflation rate but it is sure felt from the prices of commodities. Although I don't seem to hear people complaining. They may have gotten used to it and accepted it. Life goes on😂

It's an interesting question or better the answers from people of different countries will be interesting.

A few hours ago the German stock market index DAX hit a new alltime high. Participants in the stock market seem to be very positv.

For people in normal live the prizes of goods especially food came down over the last weeks. It's a good development for poorer people who may be effected very much.
But it seems many people don't care much about. Restaurants and bars are still crowded.

Here in Brazil it is always complicated, I believe that inflation is always high here and it practically only gets worse. Unfortunately shopping at the supermarket for example is very expensive and the general cost of living only increases every year.

Living in Brazil is a real challenge haha

I think officially the inflation is around 6%, but in reality, prices are increase by 50 to 100%! So Im not sure!! Wages are not increasing so fast, so we have had a huge drop in income and standard of living!!

Just waiting on the bubble to burst and everything to come crashing down! Only so long they can inflate the prices! People are already struggling with the cost of living!

The official one is going down, although it is still very high. The real one is shot above all in food. Luckily I have my own garden. 😉

I don't generally keep up with the rate of inflation and the overall economy within the United States because it can vary so much from one area to another. All I know is that prices where I am initially skyrocketed due to logistic and employment issues. Some things are starting to come back down, but not to their original prices. I think we are establishing a new normal.

I just know things cost much more than they used to.

as a person who born and live in 3rd world country, we got used to 10-15% inflation rate in the past.

the rate of HBD 20% will become common, I remember bank gave people 15-20% just for a regular saving which we could withdraw anytime. you would not save up money on 3-8% return a year, that time we took those as SCAM, bank exploitation on their customers / poor people and none of rich people wanted to make any saving on that kind of bank.

mutual fund was... if I am not mistaken, 140-200% per annum. all the percentage number were big.

Ok I don't want to make first world people get scared... definitely don't save up money, you need to have a mindset that the safest and low return investment is saving pot for idle money. keep your bank account as low as possible. having GOLD is the sure way to preserve your asset.

oh one last thing... people get a regular big pay rise every year, and the gap between the rich, the soso, and the poor easily getting big and bigger over time.

inflation rate is high in UK, compared it's EU counterparts.
Cost of living has gone up considerably. It seems everything is competing each other.
Rent, Gas, Electricity, Water, standard groceries have gone up so much.
Increase in interest rates has also put more pressure on existing lendings or to borrow a fresh one.
Inflation rate compared 2022 has gone down as per the source, but the prices still high.

source of information: google.com :)

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I think inflation is still pretty sticky over here.. But I think it is slowly starting to get better (e.g. starting to drop). I don't spend much except for daily necessities, so there's no much that I can cut back. Lol!

I don't feel much of an effect on myself personally. So I ought to be thankful in that sense. :)

It's the big ticket items like cars and housing in which inflation is really obvious in my country. Other than that, when it comes to food prices, I'm of the opinion that that's something which needed to go up anyway (historically, my country, Singapore, has very affordable food - to the point that no sane young and educated person wants to go into that business at all).

Long story short, life has been good, so whilst I hear lots of complaints about rising prices, I am mostly shielded from it.

It was bad but now it is slowly tapering. Reduce on spending unnecessary things that are of no immediate need. Avoid big purchases as well.

It is still quite influential here. Food has gone up by 30%, electricity by 40%, we are falling fast on the tail of the EU, even though two years ago we had one of the biggest increases in GDP. We are more or less dancing under the new government, and they are increasing our taxes. Nothing good is looking good for us in the next two years...

I live in Venezuela, and the current economic situation in my country has been difficult, according to recent reports, the inflation rate remains high, with an estimated annual rate of approximately 2.665%, the country also faces other economic challenges, such as shortages of goods and services, limited foreign investment and declining oil production, which continues to affect the overall economy.

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Wages aren't keeping up with the price increases for the most part and I don't think prices will go down much at all. Besides eggs that spike for a period, none of the other prices for things that I buy have gone back down.

Hey, guys!
In my country, inflation has been huge and constant for as long as I can remember. It's not Africa, of course, but even the official figures are a bit high, I would say. Below is a screenshot and the left scale is the percentages.

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How is the economy evolving in your country? Is the inflation still strong?

It's the golden age where I am -- all prices of commodities are priced like gold 😂🤣
Naturally, media outlets like reporting that inflation is getting better, etc. But a more accurate measure is the real folks out there who are struggling to make ends meet. Honestly, salaries/wages didn't really get an increase but there seemed to be an across the board increase in food and other commodities. #realitybites One needs to be wiser in spending hard-earned income these days. 😉👍
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I'm not sure what the official numbers say, but prices in the market for regular purchases haven't dropped in our country although I hear in other parts of Europe they started to.

The prices are going up around here however they state that it is only about 4 to 6% higher than this time last year. I think it is relative to the products that are being purchased as to how high inflation is. I think a recession is around the corner maybe within the next 6 to 8 months.

As others already said, here in Brazil we're kinda used to have a constant mid-sized inflation (like 7-15% per year). The last 2 or 3 years got really rough with high inflation and economic crisis; but 2023 is being good so far, with a really small inflation rate (less than 4%)... so there's that!

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Well, the reported inflation is dropping, but we can definitely feel significant day-to-day price increases (except gas). I think a lot of people confuse decreasing inflation rates with lower prices, but that would be deflation, which would frankly be far more dangerous. Nevertheless, our earnings simply do not keep up with inflation. It's tough all over now.

Vivo en Venezuela tiene unas de las mayores tasa de inflación del mundo vivo con mi mamá y mis hermanos trabajo Ya cuando paga la quincena lo gasto todo no me queda casi nada la comida ha subido de precio una barbaridad. la gente está inmigrando de hecho tuve 2 de compañero de trabajo que se fueron para estado unidos y la plata alla le rinde mejor. De hecho tengo pensado en irme de este país trabajo y trabajo y no ahorró la inflación es demasiada alta