I’m really having a hard time with prices going up, especially food. I’m not buying all the food I used to eat. But we are supposed to get a 6.8% COLA increase on our Social Security checks in January. I think prices have gone up more than that though.
The last time this happened was back in the 1970’s and early 80’s when I was a teenager and twenty something.
I live on my own without help, and it’s just my check only.
Yeah, inflation is happening around the world for several reasons. One is that almost every government around the world printed money out of nowhere for pandemic relief, now we are paying the price for that.
China is in a tiff with Australia and blocked coal shipments from them. China has a lot of coal powered plants. But they have said they want to reduce their carbon footprint. So now China is scouring the globe looking for energy alternatives and that is driving up energy/gas prices.
Here in Ontario, Canada gasoline is $1.40/Litre which is the highest I’ve ever seen it and I heard on the radio it is soon going up to $1.50/Litre. When the pandemic first hit and gasoline prices crashed it was only $0.69/Litre, so it has doubled. Other things like bacon prices for example have jumped up too.