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Now after they've got what they wanted it's time to increase taxes and prices of electricity, gas and all other essentials back to where it was couple of months ago.
Let's dive deep to find out where it went wrong and why the inflation is on a rise once again.
The inflation Cool off: A relief before elections
The petrol price came down and currency gained some value against USD just before the elections and people thought it's happening because the current government is staying awake all night to put the efforts to make things better.
Image by Alexander Fox | PlaNet Fox from Pixabay
It was all a strategy to get the votes and get reelected to rule for four more years.
Just after the elections they slowly started moving price up again and now it's exactly where it was before at it's peak.
So the inflation is back at it's peak height again, just heard a news about increase in electricity charges because the summer season is about to begin and people consume more electricity in this season so they will get ton of more extra taxes off money made by sweating in hot.
I paid electric and gas bills just about couple of hours ago and the next one will be more expensive no matter if I consume the same amount of energy because they're raising the cost of electricity per unit.
This inflation is affecting Personal Finances
Increase in inflation while the income remains same makes it impossible to manage personal expenses. things I've to manage alone by myself is; Groceries, home rent, other bills and than everyday expense.
The same thing I'm purchasing the next month will be a little bit more pricy than the last time.
The perfect example I could give as of now is the eggs, one egg cost was 20rs last month and now it's 25, about a dozen cost 300rs as of now.. that's 60 RS difference in a single month one single product.
People have to cut something out to get something else of need in this hard time.. this is the only way to manage personal expenses except for the fact that earn more to afford it.
So can only compare how things are going to become in next couple of months now when elections have happened already and they're in power. They got the votes and now they won't care about local people anymore.
Conclusion...
I've seen this tactic like control the inflation just before election days or the year elections are supposed to happen has been like this for years now and still people don't get it.
I don't have any expectations that the inflation will come down to the point where it was before pandemic. It's like cost of living is increasing as the world is becoming more efficient and modern. The only solution to this in my opinion is make more money, find ways to make passive or do double shifts to make a living.
In the end I'd love to know what you think about it and how inflation is doing in your side of the world? Do share in the comments.
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I think apart from cutting costs, the only option is to work on making more money. Prices for basic necessities will probably not come down again anytime soon, if ever.