Muhammad Suleiman Al-Ankari
The rise in the prices of goods and products globally is no longer hidden. The causes of the Corona pandemic and the closure of facilities in various regions eventually led to disruption of supply chains globally with very high shipping costs, then the Russian war on Ukraine exacerbated the inflationary crisis with rising energy and commodity prices. . Food followed several sanctions by the US and its allies against Russia, which is one of the largest producers and exporters of these goods, and countries began to take steps to contain inflation. In addition to measures related to cost-cutting, a shift towards tightening monetary policy, as well as support programs to increase the strategic stock of goods, as well as increase prices to the most affected groups, reduce its basic expenses. Financial assistance to cover what the state has directed, as directed by King Salman bin Abdulaziz, Guardian of the Two Holy Mosques, presented by His Highness Crown Prince Muhammad bin Salman, God protect him Can, about ten days before agreeing to allocate 20 billion rial to face the repercussions of the rise in global prices.
But if governments are taking deliberate steps to curb inflation, the effects of which are in the short, medium and long term, then individuals and households have a very important role to play in preventing price rises due to global conditions as the crisis hits the world. Existing in all countries, such crises require a rethink on spending in general until they are controlled. In such a case, there may be no specific advice, as each family or individual has spending circumstances and the amount of income spent, but it is possible to note some costs that can be avoided, such as restaurants. The service of home delivery of orders, which is done through delivery companies, increases through their services to more than 20 percent of prices if the consumer himself goes to the restaurant, and the regulation of expenses at multiple doors of the household and contributes to the reduction of the individual’s bill, so it is necessary to monitor the additional costs and which goods have a greater impact on the bill that the amount of expenditure and the quantity consumed are dealt with in such a way that the budget is on the family. Limits the effect of higher prices, and includes all spending items. Each commodity corresponds to the actual need as well as the higher price of each item or original product. Everyone is affected by high prices, so the treatment is from the same family, adjusting their budget until this global origin crisis is over. ,
There are many ways society can combat inflation. Every family or individual is suitable for him. Some applications that deal with providing the service of limiting the amount of expenses by entering all the expenses and their doors, which gives you a complete idea of the size of your actual expenses monthly and yearly, and where the expenses are distributed in addition to the need Official media have an important role to play by initiating awareness programs on consumption and how to control spending, cooperating with relevant authorities to report price violators and manipulators Can.