What Vegetable can you buy with Five Dollars under the Inflationary Pressure?

 Affected by extreme weather and the forces of market speculative, the prices of global basic foodstuffs increased constantly. When the prices of garlic, ginger, apples and other food in china constantly created the new summit, many people in other countries such as in United States, German, Australia and so on find that they are also face the problem of expensive food. The World Bank forecasts the world price volatility of major food will continue for 5 years.

How much can a meal cost? If we with five dollars go vegetable market and supermarket, what kinds of vegetable can we buy in South Korea, America, , Russia, India and Australia?

One cabbage in South Korea

In South Korea, Five dollars equalizes 5,500 won. It just can few things in Seoul, where the food is very expensive, Specifically, in the meat categories, we can just buy 0.6 kg pork or two cooked children legs or just 0.1kg beef. In the vegetable and fruit categories, we can spend five dollars to buy four apples, or two pears or one cabbage or six tomatoes. The price of one cabbage reaches to 1 million won (about 9 dollars) in October, which becomes breaking news.

The rate of Won against the dollar is climbing higher and higher this year, thus inflation in Korea is increasing. Korea National Statistical Office pointed out on November 1, driven by soared prices of fresh food, South Korea consumer price index (CPI) increased by 4.1% which is the summit in the past 20 months. Due to abnormal high temperature and frequent rainfall, supply of vegetables dramatically, vegetable prices in October rose by 49.6% year, which created a new record.

Two kg garlic in India

What can we get with 5dollars in India? We exchange 225 rupee with 5 dollar and do a researched in the market. The sellers told us, we can buy 22kg potatoes or 14 tomatoes or 10kg cabbage or 50 eggs or 2 kg garlic. At the same time, the price would decrease at 20% to 30% in the common vegetable market.  

Statistics shows, the price of vegetables increases by 6.84% this year. Many people complain, the income dose’s increase, while the price of food is constantly increasing. The inflation in India is most serious in G20.

One celery in Australian

$ 5 is equivalent to 5 Australian dollars, Only in Sydney as for example, We just can buy  can 5 kg rice or pasta. For seafood, we can just get 2 pounds of small fish or squid; Fortunately, we can buy 2 pounds cooked shrimp. For Fruits and vegetables, we can just spend 5 dollar to buy only a cabbage, seven vegetables, or a celery. as the purchase of meat, you can buy half a chicken, or one pond of cheapest smoked meat. For fruit, we can only get two mangoes. This year, Australia's consumer price index rose by 2.8%. By the third quarter of this year, among the 26 categories classified by the Australian Bureau, 17 of them have rose. Overall food prices rose by1.7%. The largest increases are found in food category such as fruits and vegetables, fast food.

1.5 kg tomatoes In Russia $ 5 in Russia is about 150 rubles. In Ordinary supermarket in Moscow, we spent a total of 150 rubles to buy 2 pounds of potatoes, carrots, onions and cabbage each. These are the most commonly consumed local vegetables. People generally will not only cost 150 rubles to buy food, because they are only enough to eat for ordinary families to eat for two days at most. But if you buy other vegetables, the price is not so cheap. with 150 rubles you can can buy 3 pounds tomatoes or peppers.

Three cucumbers or a roast chicken in United State

 in supermarkets in the United States, $ 5 get a roast chicken. For fruit, you can buy a pond cherry tomatoes, 1.2 pounds mini cucumbers, or 1.7 pounds broccoli, or 1.2 pounds of asparagus. And in COSTCO, you can buy three common cucumber, or 10 egg-sized tomatoes, or 5 pounds of potatoes and so on. Although the current U.S. inflation rate is very low, less than 1%, the Americans also are worried about the future price movements. The prediction shows at the end of 2010 to the first half of 2011, the U.S. food inflation rate is expected to reach 2% to 3%

Strategies for the price rise

Both in emerging economies and in European and American countries, the rise in vegetable prices has become the people's problem plaguing people all round the world. The low-incomes feel the distress first; Governments have also begun to take measures to cope with inflation. For example, South Korea is seeking to import vegetables to ease the "cabbage crisis"

The price is constantly rising, while income keeps the same. How to face inflationary pressures? People in different countries are forced to come up with ways to save money.

South Korea: Many of them plan to cancel this winter kimchi. As the kimchi in supermarket is two times cheaper than half of home-made kimchi.

India: survey shows now 58% reduce the pay for buying new clothes, they would prefer to buy thing on Clearance Sale,  clearance sales

 56% of them try to use fewer utilities.43% compressed the holiday spending and entertainment.

United Kingdom: Housewives prefer to form mutual aid groups and go shopping on line. A lady said, they would be informed of the Clearance Sale, Clearance Saleonn time, and catch chance to buy what they want at the lowest price. Most time they can buy the most worthy item they really want or some other cool noveltiesto keep their living standard.

Russia:They would buy many cheap vegetables and fruits produced by theirown contry.At the same time, it is also very popular in Russia to find various cash coupon on many online store such asdinodirect.com to buy things. Instead of buying food in morning, they prefer to buy food afternoon, when the price is cheaper.