Has the inflation hit your family?

@jade1986 (567)
India
June 27, 2008 9:19am CST
We are witnessing presently some of the highest rates of inflation around the world. Set apart the reasons of this for the economists, for the common men like us has this inflation hit you and your family? The inflation rates are highest in some countries since the last two decades. Here, in my country, it has indeed hit the common men. Oil prices have soared up, even the edible ones. Many other day to day commodities have also been dearer. Being a third world country at least few years back if not now, it is being very difficult for the majority of the people to live.
2 people like this
18 responses
@ESKARENA1 (18299)
28 Jun 08
for those of us, inflation is fine as long as wages keep up with it, i pitty those who dont earn money though i really do. The queen of England is down to her last 3.6 billion , i think we should have a whip round blessed be
• India
28 Jun 08
Yes,it really affected us a lot.I am from India and the hike in petrol has changed the situation even more worse.Now the inflation rate increasing at a fast rate and due to this price of each every commodity is increased.I tis very difficult to meet the day to day expense for a middle class family.
@chiyosan (30205)
• Philippines
28 Jun 08
yes, we are in a much much trouble here. what used to be a weeks meal has now become for 3 days only.
@fwangaa (3058)
• China
28 Jun 08
yes,recently the steamed bread has been decrease one for one yuan.
@TessWhite (3147)
• United States
28 Jun 08
My partner and I are definitely struggling. He works, as many hours as he can, but pay in this area isn't very good. As for me, I'm disabled but my income from being on disability isn't that great either. The last few weeks have been especially hard on us. I had been working part time to try and meet expenses, but lost my job due to my health issues. And now I'm on oxygen as of last week. In the past I was always one of those who donated to the Food Bank, ASPCA, etc. Now I'm considering going to the local Food Bank for help. I've found out I'm eligible, but the pride thing is getting in the way. I'm not a mooch, and don't ever want to be considered one. Today I got my electric bill and was shocked. We have one window AC, so its not like we are cooling a huge place. But it was quite high and I don't know how I'm going to pay it. Then there are the prices of groceries. Things that are normal for us to buy, we are now doing without. I'm buying a half gallon of milk rather than a whole one. Eating cheap cuts of meats (or none at all), and trying to make meals stretch. Yes, inflation is hurting us. And truthfully I'm getting quite scared not knowing what the coming months will bring to us.
@alokn99 (5717)
• India
28 Jun 08
It most definitely has. Every second daysomeone in the family cribs about the price of some article having gone up. A lot of things which we used to do with out thinking twice a year earlier has changed.
@coolsree (509)
• India
28 Jun 08
As far as I am concerned inflation directly or indirectly affetc every body. But the rates change more for eg : People who have put their money invested in fixed deposits to earn intrest & find a living with that will be hurt. So it depends the way you find your living. Like if you are using a car & the petrol prices increase it will definately hit your pocket. Yes we are also affected but not very much ! but the priceses around us are increasing one day or other it is going to hit everybody badly.
• United States
28 Jun 08
It sure has hit our family. The price of gas especially, no bosses are offering raises to compensate either. It seems that we are steadly losing money with everything costing so much more. I really think that alot of it is pure greed. They've announced the first quarter profits for one of the major gasoline compaines, and it is sickening. I've seen that congress has had some type of meeting regarding the gas prices, and still they keep rising. I guess most of them must own stock in the companies, and getting richer themselves. Greed is at the root of all of it, what a shame.
@lingli_78 (12844)
• Australia
28 Jun 08
oh yes... it certainly affects me as well... i don't dare to spend my money carelessly nowadays as i am afraid that i won't have any money left to pay for my bills and other living expenses if i do that... i cut down a lot on my leisure and entertainment money and i just use my money solely to survive... if i have extra money, then i will save it for emergency purposes or holiday... take care and have a nice day...
@bevvy22 (279)
• United States
27 Jun 08
Well jade1986, we are the worst off financially that we have ever been. My husband and I have been married 18 years. Not to mention I have two teenagers that are wanting to drive everywhere to see their friends and the gas is unbelievable.
@wachit14 (3600)
• United States
27 Jun 08
My husband has his own business and his business has been impacted because of the very high price of gas. He makes a number of deliveries on a daily basis and as a result, has to lay out more money, even though he has slightly raised his prices to cover the cost. He also has trouble collecting money from clients. I'm just thankful for the little things in life and that our lives are relatively good compared to other parts of the world.
@taface412 (3176)
• United States
27 Jun 08
Due to some bad spending habits in the past I had to buckle down some years ago and stop overspending....so I have learned to live on a meager income....but even though I am so frugle and budget friendly I still feel it. Especially at the pump. Sometimes I barely have enough gas to get to work and I thought I counted down the days to payday before...now I stalk my payday. It's bad enough when people live pay check to pay check, but now the money is gone way before the next check. So take it from me, you can survive without dining out and movies and shopping trips, etc. It sucks at first but then you learn to live on what you got. Which is also why I have been mylotting...with this money I plan on buying some things that I gave up, buying CDs, clothes, etc. It's not much but it is something just for me.
@golfproo (1841)
• Canada
27 Jun 08
Hi There, There is absolutley no doubt that prices have gone sky high in most things. The cost of fuel has made it so expensive to create products, deliver products, and do almost anything. This then gets equated into the price of everything. The more I earn the more I seem to pay...so I am not really getting anywhere. It can be frustrating to say the least! cheers,
• Germany
27 Jun 08
Here in Germany everything is getting more expensive by the day. The gas costs now almost 1.6 EUR/ltr. High transport costs push other prices higher again... But i don't believe it's only raw oil price behind it. But in general, life is still ok. Most jobs are safe.
@mimico (3619)
• Philippines
27 Jun 08
Oh yeah definitely. The other day while I was doing my grocery shopping, I already noticed a price increase in some goods that I buy regularly. Lately, everyone at home tries to save on water and electricity because our bills have gone up as well. As for me, I try not to spend money anymore when I go out. I actually stay at home more often now so that I won't be tempted to buy anything.
@bbsr13 (4198)
• India
27 Jun 08
Hello,jade!The inflation in India has gone up to 11.42,and the government of India and the RBI just watching its movement upwards and taking some corrective measures.but of no use.there are shortages of food stuff.before the increase of oil and gas prices by the government the cost of rice,wheat and wheat products,vegetables,edible oils,and pulses were at the peak.after the oil price rise the condition has become more complicated.this rise in the price of food commodities will not ease in the short term in view of supply-demand situation.people usually spend 50%-60% of their income on food items and therefore,any rise in the food price affects them.you can't go with the family budget.you will have to take adequate steps to cut or defer your unnecessary expenditures to maintain the balance.thanx.
• United States
27 Jun 08
YES, not only are we tight with our budget,my husband lost his job because of it. companies are losing work , add high sur charges, gas, electric bill increases and they have no choice but to let people go. My husband was one of them. He is a long time manager and skilled craftsman and still can not find work. We sold our F150 just at the right time and are looking into converting our VW buses to WVO. I planted a garden to help with that cost and cut back on the way we live. Nowi know that even in this time us american still have it good. My friends in the UK 9 which our dollar is 51cents) they pay crazy prices for gas. My husband has been looking into ways to stick it to big gas companies, we looked into solar but it is so costly but worth it in the long run. I believe we are on the verge of another depression soon if something doesn't give
@hotsummer (10467)
• Philippines
27 Jun 08
i could really say that inflation did really affected our budget in the family. cause now every thing is really so expensive and so we must really have to learn how to budget our expenses. it is hard to buy things now cause we will going to run out of money if we will not first plan the things that we really need to buy . i just don't buy any thing that i don't need. before i could buy any thing that i want though i will not going to use those things much. but now i often prioritize the things that i will need to buy. i just don't keep buying things.