Is your country inflation high?
By maryqnn
@maryqnn (24)
Hong Kong
May 27, 2012 11:41pm CST
I am in Hong Kong and the official inflation rate is about around 4%. But the true is the food and the real estate prices have grown very fast. The life of the lower-income citizen is not easy.
Just wonder how the other side of the world affected by the global economics problem.
2 responses
@mythociate (21432)
• Oklahoma City, Oklahoma
24 Feb 13
I don't monitor any inflation but the prices of things I can afford (so that a price-increase of 25 cents is usually a 25% rate-of-inflation 
)
That, and we live in a "free" market economy---that means (even though they might say they increase prices 'to keep up with the rising prices of their supplies'), every price-increase happens because price-setters freely choose to raise prices.
)
That, and we live in a "free" market economy---that means (even though they might say they increase prices 'to keep up with the rising prices of their supplies'), every price-increase happens because price-setters freely choose to raise prices.
@GemmaR (8517)
•
31 May 12
Our country is in recession at the moment, and one of the reasons for that is because the prices of food are going up so quickly that a lot of people can't afford anything other than their food and this means that they have to cut back on things like clothes and electronics, so other companies are going into administration and people are losing their jobs. I hope that something can change soon because this has been the case in our country for the past three years and unemployment levels are higher than they have been in the past 20 years.
