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You are reading an article written by a citizen of eRepublik, an immersive multiplayer strategy game based on real life countries. Create your own character and help your country achieve its glory while establishing yourself as a war hero, renowned publisher or finance guru.

a question of Inflation

Day 492, 11:55 • Published in Australia South Korea

• by Comrade Robb

I have noticed the almost liquid inflation rates at one piont recently inflation has been on a downwards spiral to lows of -26% the other day. Yesterday they reached -8% today there up at +3%

this is insane! What is being done about this? Our economy is deflating and inflating randomly with no rhyme or reason and tbh I have not seen anyone say

'yes there is a problem. And we are doing A,B and C to fix it'

Goverment. Please. Give us the facts. What is being done. Things are improving obviosuly but why and how and who's doing it.

Comments

Juan Tamad Day 492, 12:41

don't look at the economy tab at the country info - it's pretty useless.

does not reflect real prices of goods over real value of AUD. If you want to research more on the matter - look at the human resorces tab on wages, the marketplace on prices, and the monetary market for AUD GOLD. It says more than the info page 😛

-Juan T.

Comrade Robb Day 492, 13:16

ohh. I was wondering how thinsg were goign to so bad and no-one was noticing.

Juan Tamad Day 492, 13:21

things are bad in the economy probably when:

1 you're losing wellness due to work and can't keep up with the price of food because your wage isn't enough
2. you're not saving any money

Fgergo Foundation Day 492, 16:28

Do you need weapon? I sell it for 0.33G/Q1!!! Pm if you are interested.

Oakenwise Industries Day 492, 17:27

Actually there is deflation going on in a lot of countries in relation to the currency to gold exchange rate.
I remember when I started and 1 gold would get you 50 AUD, today it only gets you 30!

scotywest Day 492, 22:19

Fgergo Foundation stop spamming our news

Far Flung Enterprises Day 494, 05:00

Actually, based on the price of Gold our dollar is becoming very strong. Gold does not buy AUD, AUD buys Gold. Gold is a world standard, not a country standard. So when you can buy Gold, the world standard, at 30 AUD that means our dollar is much stronger then when you could buy Gold at 50 AUD.

It's all a law of supply and demand. Gold is supplied by the game when people reach different goal levels. With the recent population boom these has also been a boom of level 6 people getting 5 Gold.

With all the extra Gold in our economy and everyone rushing to sell their Gold, it has artificially lowered the cost of Gold. Gold is currently up to about 40 AUD. People with the extra cash were able to make some good money buying up the cheap Gold.

I would not gauge the cost of products in our market based on the wild swings of the Gold market.

Varilion Day 494, 06:05

that inflation mean nothing...
to evaluate a currency it's better to look real exchange rate in monetary market.

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