Turkey’s inflation soars to 73%, a 23-year high, as food and energy costs rise

Re:Turkey’s inflation soars to 73%, a 23-year high, as food ... by gus_massa on Saturday June 04, 2022 @11:03AM (#31621121)

Hi from Argentina! At least here real state is a good option, but to buy a small single room "studio" apartment, I need to save one or two years of the total income of my family. Where do I save that meanwhile? With a high inflation $100 today are like $30 in two years. And that's assuming I save every single cent. If I spare some money for food and the electricity bill, buying an apartment takes much more time.

If you have plenty of money you can buy a big apartment, or a whole hotel or something.

The problem is how to save a small amount of money for a year. For example save each month to buy next year a new fridge or a notebook.

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Re:Turkey’s inflation soars to 73%, a 23-year high, as food ... by petre on Saturday June 04, 2022 @11:30AM (#31621490)

Oh man. You don's save during inflation. You buy stuff. Stuff you could easily sell for a "profit".

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Re:Turkey’s inflation soars to 73%, a 23-year high, as food ... by gus_massa on Saturday June 04, 2022 @12:53PM (#31622606)

I know, I know, don't worry.

Instead of buying things to resell, I prefer to buy in advance things I'm going to use. For example enough concentrated laundry soap for 1 year, or tuna cans for two months. They have a good volume to price ratio, and they don't spoil. [I could boy more tuna cans, but it looks too weird.]

This is useful to absorb extra payments, for example we have a bonus half salary in July and December.

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