14 June 2022 – 20:00
Inflation has become the hot topic of attention these days due to the higher adjustments many people have anticipated. But what is inflation? how did this happen and people like us How to fix it or how to deal with it? Today iNN has summarized it briefly for everyone.
1. What is inflation?
Inflation is condition of depreciated money But general goods and services such as food expenses, cooking gas, gas, travel expenses, are getting higher and higher. Give an example of a classic that everyone has probably heard of.
For example, in the past, noodles cost 25 baht per bowl, if we had 100 baht, we could buy 4 bowls, but now noodles cost 50 baht per bowl. We have 100 baht, the same but we can buy less noodles, only 2 bowls.
You will see that we are poor because the money is less valuable.
2. Where does the percentage of inflation come from?
According to the latest news we can see, on 6/6/2022 it was revealed that May 2022 inflation has risen 7.10%, the highest in 13 years.
and how he calculated the easiest is He calculated the CPI by taking a sample of the products in each category and then calculating. Then compare it to last year and see how much the % difference is.
3. What causes inflation?
The main inflation comes from
3.1 Cost of production is higher (Cost Push) such as higher oil prices , higher raw material prices , higher wages when the cost is higher The seller earns less profit and therefore increases the price. enough to get more profit
3.2 Increased demand for products (Demand Pull) That is, people earn more. more purchasing power but the number of products is the same to have to scramble to buy The seller therefore increases the price of the product.
4. How does inflation affect us?
Prices of goods and services in general are more expensive, causing us to have to spend more even if we live or buy the same price. Think about it simply. For example, if we eat for an average of 150 baht per day, we may have to pay an average of 200 baht. instead
5. How do you deal with inflation?
How to deal with inflation for people like us It’s enough to have a way to recommend it as follows.
- Reduce unnecessary expenses Keep an emergency fund
- Find a second job to increase your income.
- Invest or how to get returns equal to or greater than inflation, such as converting money into assets, gold, funds, stocks that beat inflation.
Or investing in yourself is a good thing, such as taking classes to acquire more skills. , for financial knowledge , develop yourself more Our investment in ourselves will make us an irreplaceable person. Like Grandpa Warren Buffett once said something like this:
“The best investment is to invest in yourself.”
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