Despair of the Future and the Awakening Beast!

January 11.10%
February 4.81%
March 5.46%
April 7.25%
4 months total 28.62%
69.97% per annum

The monthly, 4-monthly and annual values above show the inflation increases of the place where I live. With 1/3 of the year behind, the year-end forecast inflation rates may need to be revised negatively.

We are afraid to see triple-digit figures in annual inflation!

The problems experienced on a global and local basis, the price pressure caused by the cost-based problems caused by the exchange rate increase, the lack of production, the cost of raw material inputs in production and the rise in fuel prices due to the war woke the inflation monster from its sleep.

Moreover, these figures show the inflation rates announced by the institution. It is the subject of some studies that the inflation that the public actually feels is higher.

The environment of uncertainty and the rising trend of inflation are reflected in the faces of the people on the street. It is possible to meet less smiling but more angry and sullen people.

The economic problems experienced are reflected in their facial and verbal expressions. Every day, new rings are added to the chain formed by those who look to the future more desperately.

Constantly updated prices on purchased products make it difficult to purchase the same product at the same price. While it is possible to encounter price tags that change almost every day or week, it is becoming increasingly difficult for people with low incomes to live.

The depreciation of the local currency against the exchange rates is seen as another factor in the rising prices. The dollar, which is based on the products brought from abroad, directly affects the domestic sales prices.

The expectations of the young population who have completed their education and the realities experienced are very different from each other and are moving in opposite directions. This negativity limits their normal life activities such as marriage and starting a business.

The measures taken to overcome all these and similar problems seem to be insufficient for now. Although it is our greatest wish that inflation and unemployment and the environment of uncertainty will end, there is a hopeless expectation that these will happen.

The dispersal of the dark clouds and the re-shine of the sun is the greatest expectation of millions of low-income and retired people. Rather than the expectation of improvement in salaries, it is the fact that the purchasing power they need rises and inflation falls back to single digits. As long as the lost purchasing power is not regained, the improvements to the salaries will dissolve before the salaries are received.

Picture uploaded to pixabay by mohamed_hassan!

Disclaimer: I am not a financial or investment advisor! This article, which consists entirely of my own opinions, reflects my own point of view and these are my personal observations only. It is not affiliated with any political or civic institutions. My thoughts do not constitute any suggestions as they will only bind me!

This article is excerpted from my ecency account.