Prohibitive cost of living

Experimental visualization of narrower problems
Other Names:
High cost of living
Inflated cost of necessities

Continuing increases in the cost of living or the level of retail prices tend to diminish the ability of consumers to purchase the goods and services on which they depend in order to maintain an adequate standard of living. Increases in nominal wages may sometimes be considerably reduced, or even effectively nullified, by rises in prices.

Broader Problems:
Excessive costs
Related Problems:
Instability of food prices
Related UN Sustainable Development Goals:
GOAL 11: Sustainable Cities and CommunitiesGOAL 12: Responsible Consumption and Production
Problem Type:
C: Cross-sectoral problems
Date of last update
04.10.2020 – 22:48 CEST