Who Is the Winner of Higher Inflation?

Who Is the Winner of Higher Inflation?

Who Is the Winner of Higher Inflation?

The people around the world are suffering the higher inflation recently. The people could not know the inflation from the news paper, but they also could feel it in the daily life. Canada, South Korea, Indian, China and so on are suffering the higher inflation now. The people are worrying about how to keep their money. Who is the winner of the higher inflation?

Some economist said that it was the loose monetary policy of America resulted in the worldwide higher inflation. The people of South Korea know better about the higher inflation. Every one knows that pickled cabbage is most popular food in South Korea. And it is famous for the delicious pickled cabbage. But now the people are complained that they even could not afford the pickled cabbage since the cabbage is so expensive.

A newly research shows that the CPI of South Korea rises by 4.1% than that of last year. The price of food rises by 49.6%. And the cabbage costs even three times than before. A cabbage costs almost 9 dollars.

The higher inflation also affects Chinese which is the neighbor of South Korea. Amounts of South Korean businessmen go to the Northeast of the China to purchase the vegetables. Undoubtedly, it promotes the rise of the price. And the Chinese farmer would earn more money than usual. However, it also increases the inflation of China.

The Canadian find a good method to resist the higher inflation. They drive to United States to buy the food and vegetables with lower price. With the rise of the Canadian dollar, the food and other daily necessities in United States are much cheaper than that of Canada. It is a good way for Canadian to save more money on buying food from United States.

Indian is one of the countries to suffer the higher inflation. The economic of Indian grow fast recent years. And it is expected that it will rise by 8.5% this year. It makes all Indian proud of their country. And it helps to increase the income of the Indian. However the good news of higher income does last long before the higher inflation comes. The inflation rate of the Indian is 8.62% in September. The price of the food rises by 13.75% in the second week of October.

Who is the winner of the higher inflation? With the rise of the food, the farmer could earn more money than usual. But they pay more on pesticide, chemical fertilizer, farming machine and so on. They earn even less than usual with considering the money they paid.

The businessmen who stock amounts of food would win a lot in this game. Someone who stocks a lot of foods or other materials would be a big winner in this game. They must get a big money after selling the goods with higher price which caused by higher inflation.

Maybe the government is the biggest winner of higher inflation. Higher inflation can be useful for governments, individuals and businesses that carry lots of long-term debt. It makes you easier to handle your mortgage payment when the inflation increases your income.

People are trying their best to resist the higher inflation to keep their money. They go to buy the clearance sale products. They try to eat less and walk more. They try to buy less for their family. They try to decrease the unnecessary expense. They do the part time job to earn more money.

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