During Hyperinflation, How is the Public Made Aware of Lost Purchasing Power so Quickly?
In: Economics
There’s no real way for the general public to pickup on these types of things. There are indices that many analysts, and even just financially savvy people use (yield curve and individual bond prices come to mind). However, if you’re looking anecdotally or trying to spot the start of hyper inflation, you can track standard costs and bills in your own life. Remember all costs get passed to the consumer (you and me) so if your gas bill is suddenly x2 higher, well that may be the start.
There are better products/indexes to watch and certain items like gold tend to rise when a market declines. You could certainly google some things like that. For example: “what products inflate the most during periods of hyper inflation”. I believe gas is pretty volatile in that respect.
If you’re in a country that backs their own currency (USA or Canada for example), you probably don’t have to worry about hyper inflation though.
Sorry if that’s too rambling, I’m in a brain fog today.
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