Can commodities return to its price last year? - page 3.

maxreish

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Quote from: xSkylarx on September 29, 2022, 08:37:10 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.

As we all know, almost all are inflating. Thus, many reasons are causing this like supply and demand, geopolitical events, natural disasters, economic conditions,etc.

Quote

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.

And if you are asking if it's possible to return its price, the answer is its hard to predict it as these underlying reasons factors may eventually affect its price and also have an impact to its future price trends. One thing, it is important to note that price movements can be influenced by short-term and long-term factors, and that predicting future prices can not be predicted whether it will inflate or will go back to previous price as last year.

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Quote from: Lubang Bawah on February 01, 2023, 05:49:42 AM

When the price of staple products goes up, it will be difficult to go down, there are always moments that trigger an increase in product prices, for example inflation, necessities of life such as electricity, clean water, and so on. This is what we must anticipate from now on, namely by continuing to look for sources of income so that not stress with rising prices of basic necessities.

I'm one of the hopefuls that those commodities and stuff that have increased from the start of the pandemic up to now will go down. But, with all of those problems that we've faced as it seems that there's no way that it will still go down.
It's a domino effect and they're too easy to go up in price but when we look at that point of going down, we don't see any hope from it. We have to face the reality that everything has gone up for the past 3 years.

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Quote from: Lubang Bawah on February 01, 2023, 05:49:42 AM

When the price of staple products goes up, it will be difficult to go down, there are always moments that trigger an increase in product prices, for example inflation, necessities of life such as electricity, clean water, and so on. This is what we must anticipate from now on, namely by continuing to look for sources of income so that not stress with rising prices of basic necessities.

Increases in the prices of basic necessities are always triggered by increases in the prices of gas and fuel oil, which are often used by factories and vehicles in general. Because it was this that triggered the first price increase for each product, making it difficult for basic necessities to decrease after increasing.

Although gas and fuel oil can still experience a decrease after an increase. This actually doesn't affect those who are selling the basic needs themselves where those selling don't want to lower the price anymore after raising it because of the increase in the price of fuel.

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Quote from: alastantiger on February 01, 2023, 05:21:58 PM

Quote from: dunfida on February 01, 2023, 04:33:19 PM

Dont make yourself believe on things which arent really that likely to happen but rather it would be that impossible for it to happen and just like you said that inflation is here for good and we would really be having a future on which goods and commodities value and prices are really going high year by year on which it is something that is really inevitable to happen.Better to make yourself prepared for whatever things that might happen ahead because we would really be expecting a future where prices of goods/commodities/services would really be that expensive.This is why it would really be just right that we should
be finding up ways for us to improve our income so that we would be able to sustain.

Hardly has anything gone up that ever came down. In fact I am patiently waiting to see the day that commodities and prices of food items will go down. First, I always imagine whether traders like it or enjoy. What do they stand to gain? I know that they usually blame it on economic factors but I doubt. And when items go up, every other thing follows, it seems as if they are connected in some way. My own opinion is that there should be a price ceiling to these hikes so that the poor mass can afford it.

They are all connected on which if goods and services do starts on its price to climb up then there's no turning back but of course there are sectors in our government which do really monitors out to those

which are that too overpriced and would be still able to completely have in control on surging numbers.There would be no problem into those traders whether retailers or wholesalers because they would

really be just easily adapting and basing up on the price that they had bought those things.So the consumer are the always one would be suffering and for those poor ones then
they would be struggling more and this is the reality that we do need to face on.So finding another source of income would be the key.

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Quote from: dunfida on February 01, 2023, 04:33:19 PM

Dont make yourself believe on things which arent really that likely to happen but rather it would be that impossible for it to happen and just like you said that inflation is here for good and we would really be having a future on which goods and commodities value and prices are really going high year by year on which it is something that is really inevitable to happen.Better to make yourself prepared for whatever things that might happen ahead because we would really be expecting a future where prices of goods/commodities/services would really be that expensive.This is why it would really be just right that we should
be finding up ways for us to improve our income so that we would be able to sustain.

Hardly has anything gone up that ever came down. In fact I am patiently waiting to see the day that commodities and prices of food items will go down. First, I always imagine whether traders like it or enjoy. What do they stand to gain? I know that they usually blame it on economic factors but I doubt. And when items go up, every other thing follows, it seems as if they are connected in some way. My own opinion is that there should be a price ceiling to these hikes so that the poor mass can afford it.

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Quote from: Russlenat on February 01, 2023, 04:18:00 PM

Quote from: Lubang Bawah on February 01, 2023, 05:49:42 AM

When the price of staple products goes up, it will be difficult to go down, there are always moments that trigger an increase in product prices, for example inflation, necessities of life such as electricity, clean water, and so on. This is what we must anticipate from now on, namely by continuing to look for sources of income so that not stress with rising prices of basic necessities.

Once the basic commodities prices start rising up, I don’t think it will ever drop again. And just settle with thinking that inflation is here for good, so we all need to expect prices surging from time to time. This is the best time not to depend on sole source of income, but rather go out from your comfort zone and explore the outside world where you can still make use of your skills and capacities in exchange for good compensation. That way, you will never keep on complaining why there are always sudden price increase, because you have prepared for it already. And most likely, you might be prospering instead as you already have multi sources of income that will provide your needs.

Dont make yourself believe on things which arent really that likely to happen but rather it would be that impossible for it to happen and just like you said that inflation is here for good and we would really be having a future on which goods and commodities value and prices are really going high year by year on which it is something that is really inevitable to happen.Better to make yourself prepared for whatever things that might happen ahead because we would really be expecting a future where prices of goods/commodities/services would really be that expensive.This is why it would really be just right that we should
be finding up ways for us to improve our income so that we would be able to sustain.

Russlenat

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Quote from: Lubang Bawah on February 01, 2023, 05:49:42 AM

When the price of staple products goes up, it will be difficult to go down, there are always moments that trigger an increase in product prices, for example inflation, necessities of life such as electricity, clean water, and so on. This is what we must anticipate from now on, namely by continuing to look for sources of income so that not stress with rising prices of basic necessities.

Once the basic commodities prices start rising up, I don’t think it will ever drop again. And just settle with thinking that inflation is here for good, so we all need to expect prices surging from time to time. This is the best time not to depend on sole source of income, but rather go out from your comfort zone and explore the outside world where you can still make use of your skills and capacities in exchange for good compensation. That way, you will never keep on complaining why there are always sudden price increase, because you have prepared for it already. And most likely, you might be prospering instead as you already have multi sources of income that will provide your needs.

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Quote from: Spaceman1000$ on February 01, 2023, 06:46:45 AM

Just way the legendary Tupac sang, " that's just the way it is! Things will never be the same". If an economy is hit by inflation, it's almost likely near impossible for commodities to go back to its normal price especially if there are no internal market forces to control the situation.

Inflation and it's multiplier effect on an economy will continue to grow, except critical measures are taken by the government to scuffle the growth of inflation by controlling the monopoly of the market forces. In so doing, prices of goods and services and the rising cost of commodities will be brought down.

There is absolutely no way that it will "go back" to what it was, but our purchasing power could be. Meaning lets say there is an item called X, if you spent 1% of your salary to get X, and now you are still spending 1% of your new salary to get it again, that's good enough. But, if you are spending 4% of it and not 1% then it is bad. That's what people should be careful about, the purchasing power.

If you are still living the same life and not poorer, it doesn't matter how much inflation happened. If your salary was 1000 dollars and you bought a bread for 1 dollars, and then your salary became 10000 dollars and bread became 10 dollars, nothing really changed so it should be fine.

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Quote from: maydna on February 01, 2023, 11:02:05 AM

Quote from: Lubang Bawah on February 01, 2023, 05:49:42 AM

When the price of staple products goes up, it will be difficult to go down, there are always moments that trigger an increase in product prices, for example inflation, necessities of life such as electricity, clean water, and so on. This is what we must anticipate from now on, namely by continuing to look for sources of income so that not stress with rising prices of basic necessities.

And once the price of staple products goes up, it will continue to go up because the traders will reason that their production costs are also going up, so they have to increase their prices because if they don't, they will lose. Currently, basic necessities are already high, but people can still afford to buy them, even though they have reduced the quantities. And as long as these basic needs are still on the market, people are still willing to buy them, even if a little. But it will be a different story if the price increases but the basic needs are not on the market.

I remember some time ago, the availability of basic commodities was almost difficult to obtain. I will tell you a little about that situation, yes at that time it was hard to find ingredients that were needed in the kitchen, such as cooking oil. People are willing to queue for hours to get it even at a much higher price than before. But yes, when they need it, whatever the price, they will definitely be willing to buy it. But there's something interesting about situations like this, yes there are always people who are selfish. They hoard the goods so that it becomes more and more difficult to get them, with the aim that they want to get many times the profit from the difficulty of getting them. Here the role of the government is very important in maintaining the availability of materials that become household needs.
This is an example of what you're saying, that people don't care about price when they really need it.

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Quote from: Lubang Bawah on February 01, 2023, 05:49:42 AM

When the price of staple products goes up, it will be difficult to go down, there are always moments that trigger an increase in product prices, for example inflation, necessities of life such as electricity, clean water, and so on. This is what we must anticipate from now on, namely by continuing to look for sources of income so that not stress with rising prices of basic necessities.

And once the price of staple products goes up, it will continue to go up because the traders will reason that their production costs are also going up, so they have to increase their prices because if they don't, they will lose. Currently, basic necessities are already high, but people can still afford to buy them, even though they have reduced the quantities. And as long as these basic needs are still on the market, people are still willing to buy them, even if a little. But it will be a different story if the price increases but the basic needs are not on the market.

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Quote from: xSkylarx on September 29, 2022, 08:37:10 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.

As far as my experience goes, commodity prices will not return to their original prices if there has been a price increase, even though basically the supply of goods needed has met the initial standards before the increase, the average trader will take advantage of this moment to increase income, especially direct retail swords. dealing with consumers.
I am also like that, just worrying about how two or five years from now, is it possible for me to still be able to eat my fill from this average income. but that doesn't mean we have to stay in a coconut shell, you have to try and find other income opportunities to support you and your family's needs in the future.

Spaceman1000$

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Just way the legendary Tupac sang, " that's just the way it is! Things will never be the same". If an economy is hit by inflation, it's almost likely near impossible for commodities to go back to its normal price especially if there are no internal market forces to control the situation.

Inflation and it's multiplier effect on an economy will continue to grow, except critical measures are taken by the government to scuffle the growth of inflation by controlling the monopoly of the market forces. In so doing, prices of goods and services and the rising cost of commodities will be brought down.

Lubang Bawah

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When the price of staple products goes up, it will be difficult to go down, there are always moments that trigger an increase in product prices, for example inflation, necessities of life such as electricity, clean water, and so on. This is what we must anticipate from now on, namely by continuing to look for sources of income so that not stress with rising prices of basic necessities.

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Quote from: Argoo on February 01, 2023, 04:33:57 AM

Unfortunately, the economic situation in the world continues to deteriorate. This is facilitated by new varieties of coronavirus, and ongoing climate change, and the continuation of the most brutal Russian aggression in Ukraine since World War II, which has largely disrupted food supply chains around the world. Destruction is always material losses, loss of production capacity, unemployment and inflation. All this is very slowly restored. Therefore, in the coming years, the economic situation in the world will be very difficult and there are practically no hopes for the return of low prices.

You can forget about the old prices forever, Bodo Schaefer's book "The Path to Financial Independence" compares the cost of a cup of coffee in the past and now, prices have always risen and in the future they will also rise. It is clear that for many reasons now it has a global character, but there have been crises in the world before, everything in the world is cyclical, after so many years of growth it was clear that the global crisis was inevitable.

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Quote from: xSkylarx on September 29, 2022, 08:37:10 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.

Unfortunately, the economic situation in the world continues to deteriorate. This is facilitated by new varieties of coronavirus, and ongoing climate change, and the continuation of the most brutal Russian aggression in Ukraine since World War II, which has largely disrupted food supply chains around the world. Destruction is always material losses, loss of production capacity, unemployment and inflation. All this is very slowly restored. Therefore, in the coming years, the economic situation in the world will be very difficult and there are practically no hopes for the return of low prices.

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Quote from: xSkylarx on September 29, 2022, 08:37:10 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.

World inflation is very closely related to the growth of the Earth's population, scientific and technological progress and loan interest.

There is nothing wrong with raising the price of goods. This stimulates business and production. However, it is very important that people's incomes grow at the same time.

At present, in many countries, the rise in the price of goods is not associated with an increase in the purchasing power of households, but with a break in global logistics supply chains - because of this, the cost of goods and products is growing.

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I can't really be expecting that OP, I was hopeless, though.
It was really hard to bring back what happen today. The price increase was about to expect rather than a reduction and besides, it was already a story in the past. I can't really imagine that decades from now, the price went too high and possibly doubled the price today or even more but we have nothing to do with that increase as these traders and business owners also have nothing to do with the high price coming from foreign countries.

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Quote from: Tallupooh on November 06, 2022, 08:26:52 PM

i think it will be difficult to lower the price like the past. that is, the economy is now more difficult than in other years. now there are many wars and the world is getting chaotic.

I also hope that, goods can come down in price like in the past. but, I think again, it won't be easy.

There will be small price rollbacks but things won't be the same as before. Are there anything which has a constant value in the market? I think there's none; things being sold to consumers are either depreciating or increasing in terms of market value, as years go by. The demand especially to necessities keeps on increasing because of the continuous growth to our population. Not unless market supply will be larger than the demand, that would be the only way to bring back the price to its lower state.

In my country, I am hopeless with what I have stated above simply because there are no strong support from the government. For example; Agricultural sector. They don't support their farmers by alloting them budget to buy new materials and to make farming and harvesting easier which would obviously result to better market supply. Same thing applies with other industries so to answer OP's question, I really think it would be impossible.

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i think it will be difficult to lower the price like the past. that is, the economy is now more difficult than in other years. now there are many wars and the world is getting chaotic.

I also hope that, goods can come down in price like in the past. but, I think again, it won't be easy.

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It can be said to be impossible if the price of food ingredients can go down, the trend that occurs is inflation always occurs and starts from food, oil, electricity and so on, if oil and electricity can be reduced because it is usually controlled by the state, but it is different from decentralized food ingredients and the occurrence of price due to the influence of stock and demand.

Since the price of electricity and petrol prices are rising rapidly, I agree that it is almost impossible to see a permanent drop in commodity prices. Instead, the price of all commodities increases gradually, the inflation triggers a big rise in commodity prices. Sure, the government can control the price of electricity and petrol, they can decrease the price at any time. But during the inflation, the government won't have an intention to drop electricity and petrol prices.

Topic: Can commodities return to its price last year? - page 3. (Read 1298 times)