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Not that fast and immediate and there are a lot of factors that influence cost of living
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No
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Will stay high
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Of cos not, this is a global issue not solely a local problem....
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IMO, col will only go up, regardless who is the government. Our lives are too dependent on imports be it final products or raw materials. Unfortunately, the only way to cope is find ways to increase salary or get into investment. Whatever schemes out there are only temp solutions.