How to Minimize Inflation in Your Life

[LevelUP]

Considering its prices in U.S. dollars, food prices will be going up big time in 3rd world countries.

In the 3rd world, inflation on food prices has been minimal. There was a food example in the first 30 seconds of the video (how much do you pay for that in your area?). Most of the 3rd world don't use the U.S. dollar. In countries like Mexico, when the U.S. dollar rises by a full point against the Mexican peso, the local purchasing power for American expats increases by 5% (since we earn money or receive our pensions in U.S. dollars). In addition, prices are always negotiable on many products and services, which can increase our purchasing power by another 10-15%.

In Venulazua they were in a situation where they imported most of their food. When their currency collapsed, they couldn't afford to eat.

Not all countries make all their own basic food such as rice, flour, corn, soybean oil, etc. Some countries are located in desert areas and it's not worth it to grow a bunch of crops.

In addition, lots of countries buy animal feed for chickens in U.S. dollars. When the cost of feed goes up, the cost for poultry will go up.