Conversation

#inflation

I was grocery shopping at the supermarket on Thursday and again today: once again the prices for most products have gone up significantly. This happens every few days by now.

Inflation in Estonia was 25.2% in August, 24.2% in September and 22.4% in October. The amazing thing is that consumption has not decreased so far. I mean, how do people do that? We have - after a short period of inertia - drastically cut back. (And even before we were spending little).

Sure, in Estonia nobody sees the need to save: "Money comes, money goes," is the mantra. I don't know anyone who has savings, they all have loans and leases.