Can commodities return to its price last year?

sunsilk

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Quote from: Marcellin9 on February 09, 2023, 02:13:13 AM

Well, you are not alone. The same thing happens here in my country. The fuel price has been skyrocketing and there is no sign of stop. The price of commodities continues to increase as well. I am not sure if this is caused or mainly caused by the Russian-Ukrainian war but chances of living with the increasing inflation are pretty high. I wish we could see all commodity prices drop.

Most likely, the increase of fuel prices are due to the conflict between Russia and Ukraine. It's a domino that everything becomes affected and we can't do that much about it.

If we're mostly using a car that's needed fuel to run its engine then avoid those unnecessary trips that we're considering to make. And always plan our trips so that we can prepare for refueling and expenses.

I have no hopes anymore if the price will get back.

Joshapat

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The usual thing at the beginning of the year is that commodity prices and necessities of life will go up, this makes us always have to look for additional income because of this increase, the impossible thing to happen is when commodity prices go up it will be difficult to go down, unless the government carries out market operations for example increasing stock so that it can automatically reduce the price.

Marcellin9

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Quote from: RockBell on February 07, 2023, 03:46:57 PM

Quote from: serveria.com on February 03, 2023, 07:38:12 PM

Quote from: xSkylarx on September 29, 2022, 09:37:10 AM

Inflation rapidly increased this year. Basic food stuffs like egg, oil for cooking, meat, and fish here in our country almost doubled compared to its price last year. I'm wondering if it's possible that the price of commodities will return to its previous years. If so, how or what will cause it to happen. It's just scary to think that our money continues to depreciate over the years. Will there be a time that will come where average earners like me won't be able to afford a basic life anymore.

Food prices depend on energy prices. If energy (natural gas, electricity etc) prices will go down, groceries' prices will follow. There's a fair chance it's going to happen this year. Energy prices skyrocketed last year, mostly due to the Russo-Ukrainian war and sanctions, but there are certain signs that the prices may go down. I know in some EU countries electricity prices have already started to decrease. So yes, it's entirely possible that we're going to see some lower prices later this year. Roll Eyes

Speaking of energy affecting the price of commodities, you are correct that fuel is particularly important for moving groceries and other goods. However, even though the war is not currently affecting Nigeria, the price of fuel has significantly increased, which has had an impact on the price of everything in the nation. What is surprising is that once the price of commodities increases, it never decreases in my own region.

Well, you are not alone. The same thing happens here in my country. The fuel price has been skyrocketing and there is no sign of stop. The price of commodities continues to increase as well. I am not sure if this is caused or mainly caused by the Russian-Ukrainian war but chances of living with the increasing inflation are pretty high. I wish we could see all commodity prices drop.

RockBell

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Quote from: serveria.com on February 03, 2023, 07:38:12 PM

Quote from: xSkylarx on September 29, 2022, 09:37:10 AM

Inflation rapidly increased this year. Basic food stuffs like egg, oil for cooking, meat, and fish here in our country almost doubled compared to its price last year. I'm wondering if it's possible that the price of commodities will return to its previous years. If so, how or what will cause it to happen. It's just scary to think that our money continues to depreciate over the years. Will there be a time that will come where average earners like me won't be able to afford a basic life anymore.

Food prices depend on energy prices. If energy (natural gas, electricity etc) prices will go down, groceries' prices will follow. There's a fair chance it's going to happen this year. Energy prices skyrocketed last year, mostly due to the Russo-Ukrainian war and sanctions, but there are certain signs that the prices may go down. I know in some EU countries electricity prices have already started to decrease. So yes, it's entirely possible that we're going to see some lower prices later this year. Roll Eyes

Speaking of energy affecting the price of commodities, you are correct that fuel is particularly important for moving groceries and other goods. However, even though the war is not currently affecting Nigeria, the price of fuel has significantly increased, which has had an impact on the price of everything in the nation. What is surprising is that once the price of commodities increases, it never decreases in my own region.

Inwestour

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Quote from: palle11 on October 01, 2022, 07:14:21 AM

I think the new normal can only be felt in the sense that the quarantine is no more and social distancing may have been reduced but restrictions of covid-19 are still there. You don't travel freely and the numbers of passengers are reduced to take care of contact and this is the beginning of the increase in prices.
To me the rollbacks are just not seen because the inflation is higher now in the last two years of covid-19 compared to the last 10 years back. The price of goods have increased like double of what it was.

A return to the previous prices is impossible, inflation does not allow this to happen. We can only see how the prices are going down, which were very strongly raised on speculative goods, on goods that were very popular during the pandemic.

And if we take goods in general, then prices are only rising and there is no prerequisite for the price to decrease, moreover, I am sure that prices will continue to rise in the future. Even despite the fact that we are shown a slowdown in inflation, this does not affect prices.

Perhaps this positive trend with a decrease in the rate of inflation can only slow down the rate of inflation, but it is not capable of reducing the price of anything.

Smartprofit

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Quote from: Unbunplease on February 06, 2023, 06:31:09 PM

In my opinion, the indexation of wages or the denomination of the national currency is more likely than the prices of goods will return to their previous level. If the cost of production is constantly growing, then, unfortunately, there are no prerequisites for a significant reduction in prices.

In my opinion, the likelihood that prices for goods, works and services will fall and return to their previous level is negligible.

This is because there is still a lot of fiat money in the global economy. The modern financial system is based on rising inflation and obtaining loans (credits). Without a constant rise in prices for products, enterprises will not be able to repay their loans and borrowings.

The situation is similar with individuals. They very often take consumer and mortgage loans. Therefore, they are also interested in wage growth. Wages are an integral part of the cost of production.

Therefore, goods, works and services are constantly becoming more expensive.

Lanatsa

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Quote from: xSkylarx on September 29, 2022, 09:37:10 AM

Inflation rapidly increased this year. Basic food stuffs like egg, oil for cooking, meat, and fish here in our country almost doubled compared to its price last year. I'm wondering if it's possible that the price of commodities will return to its previous years. If so, how or what will cause it to happen. It's just scary to think that our money continues to depreciate over the years. Will there be a time that will come where average earners like me won't be able to afford a basic life anymore.

Im not already expecting because its been always year by year where commodities value and prices are soaring up like crazy on which you do end up on telling it to yourself "what the heck?" on the time that you

had bought on which you are aware on whats its price on yesterdays on which you would be saying that prices already that crazy high.Even you are really that having a job that is paying well or having some
side incomes or sources but still you cant really just make yourself that confident on seeing that prices of goods are really that increasing because it shouldnt really be that too fast.
For those average earners then this is where these people been mainly be affected.

Unbunplease

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In my opinion, the indexation of wages or the denomination of the national currency is more likely than the prices of goods will return to their previous level. If the cost of production is constantly growing, then, unfortunately, there are no prerequisites for a significant reduction in prices.

poodle63

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Quote from: glendall on February 04, 2023, 03:03:46 AM

Quote from: xSkylarx on September 29, 2022, 09:37:10 AM

Inflation rapidly increased this year. Basic food stuffs like egg, oil for cooking, meat, and fish here in our country almost doubled compared to its price last year. I'm wondering if it's possible that the price of commodities will return to its previous years. If so, how or what will cause it to happen. It's just scary to think that our money continues to depreciate over the years. Will there be a time that will come where average earners like me won't be able to afford a basic life anymore.

commodity prices will fall if production / operational costs stabilize again .

that should be the basic rule but in reality, sometimes the commodity producers aren't gonna make just stabilize the price because increase in price will means they are gonna make more money.
sometimes even some producers are intentionally keeping their commodity from going around therefore keeping the price high. there's just many thing that caused the price to be high.
there's the inflation I guess, the price of commodity will just rarely go down.

Desmong

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The probability of the price of community to return to it original price is slim. We know that we are in the era of inflation and there had been strict suffering form both employee and employers trying to manage resources to make sure that things get balance.
I don't see it anytime soon that the price of good will ever reduce or come to it original price.

TheGreatPython

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Quote from: bangjoe on February 06, 2023, 09:44:49 AM

Quote from: xSkylarx on September 29, 2022, 09:37:10 AM

Inflation rapidly increased this year. Basic food stuffs like egg, oil for cooking, meat, and fish here in our country almost doubled compared to its price last year. I'm wondering if it's possible that the price of commodities will return to its previous years. If so, how or what will cause it to happen. It's just scary to think that our money continues to depreciate over the years. Will there be a time that will come where average earners like me won't be able to afford a basic life anymore.

I was also worried about this before, that I don't know how I can live in the future with soaring financial costs and I only have a salary like now until later, yes the thought of something like that also briefly grew in my mind before in for several weeks, but in the end I concluded that it is very unlikely that commodity prices will return to last year's prices and for sure I will not be able to stop the increase,
and the decision that I made was to improve my self-ability to prepare for my future and look for an additional job to earn additional salary to be able to survive in the future.

You shouldn't worry too much about the future because there are still chances that the inflation rates will get lowered and then the price of those said goods will return to normal again or can also decrease. If you think your salary right now is too small then why not add small jobs on the side If you think your body can still handle it.

We can't stop the increase but there are ways to survive it. If there is one thing that you should worry about then that must only be the present time because this is the one that you can control. If you can be able to survive now then you can also survive other tough challenges in life. Just don't give up and also team it up with some prayers.

Aanuoluwatofunmi

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Except on certain conditions whereby the economy is strictly monitored and controlled, the price of goods and all commodities in the market remains inflated and this has been common to always have inflation without the price getting deflated thereafter, this makes the economy to suffer lost and increased cost because prices were being inevitably and unavoided despite the hike, which is one of the means to symbolises inflation and increased standard of living becoming more difficult for the average citizens to cope with.

bangjoe

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Quote from: xSkylarx on September 29, 2022, 09:37:10 AM

Inflation rapidly increased this year. Basic food stuffs like egg, oil for cooking, meat, and fish here in our country almost doubled compared to its price last year. I'm wondering if it's possible that the price of commodities will return to its previous years. If so, how or what will cause it to happen. It's just scary to think that our money continues to depreciate over the years. Will there be a time that will come where average earners like me won't be able to afford a basic life anymore.

I was also worried about this before, that I don't know how I can live in the future with soaring financial costs and I only have a salary like now until later, yes the thought of something like that also briefly grew in my mind before in for several weeks, but in the end I concluded that it is very unlikely that commodity prices will return to last year's prices and for sure I will not be able to stop the increase,
and the decision that I made was to improve my self-ability to prepare for my future and look for an additional job to earn additional salary to be able to survive in the future.

xSkylarx

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Quote from: Dickiy on February 04, 2023, 04:30:15 AM

Quote from: serveria.com on February 03, 2023, 07:38:12 PM

Quote from: xSkylarx on September 29, 2022, 09:37:10 AM

Inflation rapidly increased this year. Basic food stuffs like egg, oil for cooking, meat, and fish here in our country almost doubled compared to its price last year. I'm wondering if it's possible that the price of commodities will return to its previous years. If so, how or what will cause it to happen. It's just scary to think that our money continues to depreciate over the years. Will there be a time that will come where average earners like me won't be able to afford a basic life anymore.

Food prices depend on energy prices. If energy (natural gas, electricity etc) prices will go down, groceries' prices will follow. There's a fair chance it's going to happen this year. Energy prices skyrocketed last year, mostly due to the Russo-Ukrainian war and sanctions, but there are certain signs that the prices may go down. I know in some EU countries electricity prices have already started to decrease. So yes, it's entirely possible that we're going to see some lower prices later this year. Roll Eyes

It is true that commodity or food prices depend on energy prices. If energy prices are high, food will also be expensive because operational and production costs use energy, and energy prices depend on the amount of supply available. As we can see, war also affects the increase in energy which has an impact on the increase in food. Yes, even though it has decreased slightly in some areas, I hope that all regions can feel it and the war between Russia and Ukraine will end soon so that the economic circulation and circulation of other commodities will run well again.

It has been almost 12 months since the war started in Ukraine and Russia. And ever since I created this thread, prices are getting higher and higher, even though the price of fuel decreases, but it is still not back to its original price. I can't feel the food and other commodities dropping in price even though the fuel price drops slightly. I am hoping that sooner the war will end and the prices will ease, as I've already seen a lot of families struggling due to the high prices of commodities.

kotajikikox

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Quote from: xSkylarx on September 29, 2022, 09:37:10 AM

Inflation rapidly increased this year. Basic food stuffs like egg, oil for cooking, meat, and fish here in our country almost doubled compared to its price last year. I'm wondering if it's possible that the price of commodities will return to its previous years. If so, how or what will cause it to happen. It's just scary to think that our money continues to depreciate over the years. Will there be a time that will come where average earners like me won't be able to afford a basic life anymore.

If you are existing in this world for at least 10-20 years , then you already understand that this is not how the economy move mate, the price increase and with this high? there is no way that it will go back to what is the price like last year though it will drop but there is surely a High from the last.
like Eggs when I as very young , it prices at least half a dollar per dozen but last year? it is pricing more than a dollar for a dozen and now? yeah it is a almost 3 dollars per dozen and indeed that is super high.

Dickiy

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Quote from: serveria.com on February 03, 2023, 07:38:12 PM

Quote from: xSkylarx on September 29, 2022, 09:37:10 AM

Inflation rapidly increased this year. Basic food stuffs like egg, oil for cooking, meat, and fish here in our country almost doubled compared to its price last year. I'm wondering if it's possible that the price of commodities will return to its previous years. If so, how or what will cause it to happen. It's just scary to think that our money continues to depreciate over the years. Will there be a time that will come where average earners like me won't be able to afford a basic life anymore.

Food prices depend on energy prices. If energy (natural gas, electricity etc) prices will go down, groceries' prices will follow. There's a fair chance it's going to happen this year. Energy prices skyrocketed last year, mostly due to the Russo-Ukrainian war and sanctions, but there are certain signs that the prices may go down. I know in some EU countries electricity prices have already started to decrease. So yes, it's entirely possible that we're going to see some lower prices later this year. Roll Eyes

It is true that commodity or food prices depend on energy prices. If energy prices are high, food will also be expensive because operational and production costs use energy, and energy prices depend on the amount of supply available. As we can see, war also affects the increase in energy which has an impact on the increase in food. Yes, even though it has decreased slightly in some areas, I hope that all regions can feel it and the war between Russia and Ukraine will end soon so that the economic circulation and circulation of other commodities will run well again.

autumnleaf

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Quote from: Davian144 on February 02, 2023, 10:12:16 AM

Quote from: autumnleaf on February 02, 2023, 02:13:52 AM

I believe it depends on the particular commodity and market situation of some countries because there are many variables that affect commodity pricing, including supply and demand, economic and agricultural circumstances, and even natural disasters.

This is logical, because every country has a different level of supply and demand in all respects, including in terms of the economy and others. Natural disasters are real obstacles that still often occur in some countries that are not developed so that the impact on the economic sector is always there and it cannot be fixed in a very short time because dealing with natural disasters always requires special time in order to revive all sectors. Including the economic sector better.

Yes, it does depend on the country. Because there are rich and poor nations, we cannot compare them equally. Rich nations can quickly recover from the effects of natural disasters because they have access to plenty of resources, whereas poor nations will need a lot of tax payers' money, resources, and time to do so.

glendall

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Quote from: xSkylarx on September 29, 2022, 09:37:10 AM

Inflation rapidly increased this year. Basic food stuffs like egg, oil for cooking, meat, and fish here in our country almost doubled compared to its price last year. I'm wondering if it's possible that the price of commodities will return to its previous years. If so, how or what will cause it to happen. It's just scary to think that our money continues to depreciate over the years. Will there be a time that will come where average earners like me won't be able to afford a basic life anymore.

commodity prices will fall if production / operational costs stabilize again . but in reality, if commodity prices have gone up, it will be difficult for them to go back down, even if they can go down just a few percent ,will be given a subsidy from the local government

shinratensei_

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Quote from: 19Nov16 on February 02, 2023, 12:54:55 AM

The economic problem that often occurs is inflation or rising commodity prices, and it is very difficult to make commodity prices fall due to many factors. Of course, the producers have done everything they can to keep their products from rising, but because the increase in production costs is unavoidable, it will automatically increase. make the price go up.

I'm sure there's always manipulation behind the scene, the producers seeing their commodities rise in value wouldn't just try to bring the value down by producing more.
some commodities are getting bagged and is systematically being held to keep the value afloat. the thing is no one really sure how commodities value works aside from basic economic principle that is the law of supply and demands, meanwhile there could be many things that affects the value.
mark up and manipulation is rampant, after all, everyone wanna gets their share of money.

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Quote from: xSkylarx on September 29, 2022, 09:37:10 AM

Inflation rapidly increased this year. Basic food stuffs like egg, oil for cooking, meat, and fish here in our country almost doubled compared to its price last year. I'm wondering if it's possible that the price of commodities will return to its previous years. If so, how or what will cause it to happen. It's just scary to think that our money continues to depreciate over the years. Will there be a time that will come where average earners like me won't be able to afford a basic life anymore.

Food prices depend on energy prices. If energy (natural gas, electricity etc) prices will go down, groceries' prices will follow. There's a fair chance it's going to happen this year. Energy prices skyrocketed last year, mostly due to the Russo-Ukrainian war and sanctions, but there are certain signs that the prices may go down. I know in some EU countries electricity prices have already started to decrease. So yes, it's entirely possible that we're going to see some lower prices later this year. Roll Eyes

Topic: Can commodities return to its price last year? (Read 1212 times)