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  • Writer's pictureAndrea Wenzel

Hyperinflation is Here!? 5 Quick Steps to Fighting Back

Updated: Mar 16, 2022

According to The Balance hyperinflation is defined: Hyperinflation refers to rapid and unrestrained price increases in an economy, typically at rates exceeding 50% each month over time. Hyperinflation can occur in times of war and economic turmoil in the underlying production economy, in conjunction with a central bank printing an excessive amount of money.

So, by this definition, hyperinflation isn't here yet. We are seeing higher than expected inflation, but not at a rate of 50% in any given month. It doesn't mean that it won't happen, and it doesn't mean that nearly 8% doesn't hurt our wallets either.

Prices on EVERYTHING seem to be jumping by the minute, and as more events threaten our food supply, it's predicted that they will only continue to climb. Here are five quick tips to minimize the adverse effects on your household.

  1. Grow food! Whether you want to grow a huge garden or a few plants on your patio, this step can't be left out. Even growing a few microgreens in your kitchen window will help get your family added nutrition in troubling times.

  2. Minimize waste by learning various ways to preserve food longer. Have some strawberries you can't eat before they spoil? Wash them, chop and freeze them in a freezer bag. You could also dehydrate or make them into a freezer jam. Heck, you could even can strawberry jelly! Whatever you do, don't let them go bad!

  3. Understand your expiration dates! More often than not, best buy dates are just a suggestion. Canned goods are often tasty for years after the best buy date. I've linked a beginner's guide at the bottom of this blog for a few more details.

  4. Prep! Purchase 2-4 cans of pantry food each shopping trip. A couple of cans won't tax the supply chains, and eventually, you have a nice stockpile. Don't forget other household goods and medications.

  5. Ration, ration and ration some more. Even if you're not feeling it too much at the grocery store yet, it's a good idea to condition yourself and your family. Try cutting back 1-2 desserts a week, eat out one less day per week and learn to do more with a little less. When things get tough, you'll be more prepared to weather the hardship mentally and financially. Rationing will also help you build your stockpile faster. Some survivalist practice intermittent fasting for this same reason. I don't have too much experience here but there are many people who swear by it for several reasons.

That's it! I know this blog was brief, but these tips are practical! Keep on prepping, folks! #hyperinflation #victorygardens #inflation #getpreparednow

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