Inflation Gives Me Headache

November 01, 2022

Before I start, let me first define if what does inflation mean.

Inflation is the general increase of cost / prices of goods and services in a period of time in an economy.

As we all know, the inflation during this time (year 2022) is not that good news. The number one goods that keeps on increasing and increasing this year is the gasolines / diesels. There are even times where the increase of the gasolines happens every week. The price started to increase during the conflict between Ukraine and Russia. And if you are going to compare the price now versus today, it's been doubled.

With inflation, our value of money decreases. With this case, we need to more money to buy something since a lot of goods costs' increased.

I know, every Filipino here knows the famous commercial with a tag line: "SAAN AABOT ANG TWENTY PESOS MO?" -Cornetto

As we all know, a cornetto ice cream only costs Php20.00 for how many years but if we can take a look at it now, for the year 2022, we can no longer buy a piece of cornetto with Php20.00 because right now, it already costs for about Php25.00 each.

This scenario is one good example of inflation.

Yes, here in the Philippines, some places / provinces started to have a salary increase including me. But for me, as an employee who also been benefited with the salary increase, I can not even enjoy the salary increase due to the reason that price of commodities also went up, that is why I just can not appreciate the increase of my salary.

Reason that a lot of people do not appreciate this salary increase is that, align with that, almost every price of the commodities that we need also increase. I can appreciate my salary increase more if none of the commodities increased. In order to decrease your monthly payment in bills of water and electricity, first we should know for to conserve energy. When no one is watching, turn of the television. Use a glass when brushing your teeth, etc.

Conserve as much as possible in every small move that you can because it help a lot.

As an employee (accounting assistant) working in a retail / merchandising business, I encounter a lot of items that has a price / unit cost increase, every week, there are always be an item that has increased its unit cost. Majority of items' unit cost that was increased are milks. I won't mention brands but then again majority of unit costs of milks were increased. To those who are breastfeeding their child serves a big help on them because they can no longer need money to buy milk.

Inflation is inevitable, what we can do is to save, do not buy things that doesn't feeling right. We can also add another source of our income if we think we need more money to survive this kind of scenario.

Lahat nagsisitaasan na ang presyo ng pangangailangan sa bahay, mga crypto nalang talaga ang hindi, patiently waiting for the bullrun.