Can commodities return to its price last year? - page 4.

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: Smartvirus on October 08, 2022, 04:24:53 PM

Quote from: South Park on October 08, 2022, 04:06:50 PM

More stable prices are a possibility, but if that were to happen they will become stable at the current levels and not the ones we saw before the pandemic started or even the period before the war at Ukraine, and while producing our own food can protect us somewhat from inflation when it comes to our food, it is not completely foolproof as most people do not have the land to do something like that, and even if you could you will still suffer from inflation as fertilizer and the food for the animals you raise have also gone up in value.

I guess that's where the idea of a universal currency comes in and we've got bitcoin enthusiast clamoring to bitcoin as the solution to inflation in our world. As much as I want it to be, I still have my doubts that bitcoin cannot be all the solution there is. For new eras breaths forth new issues of its own and the past issues could still strive in the shadows.
Inflation, though as negative as it is, it is one of the societal ills that won't go away but we can learn to manage it.

Things could go bad rather rapidly buy a healing time is always much slower. There isn't any way in which, we could hope for inflation to recover from a previous year in the next. We could always come by a yesterday's price but it isn't going to be tomorrow.

While that is certainly the direction governments want us to take I am against a single currency being used exclusively all over the world as this will mean a central government so strong that if you disagree with them they can destroy your life by simply not allowing you to buy food by virtue of not having any option, in fact while I do not like most altcoins I prefer a world with many currencies as governments and private businesses will be unable to do something like that to you as long as you do not use centralized coins or fiat but decentralized currencies which are still accepted at some other businesses.

Viscore

hero member

Activity: 3178

Merit: 661

Live with peace and enjoy life!

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.

Most probably, prices of our basic commodities have less or no chances to return to its price last year since we are seeing more of price surging every year rather than seeing price decline. Maybe this is one of the realities that we should learn to accept along with inflation as it might be here for good. With this, expect that prices will continue to increase, thus limiting our purchasing power and increasing our funds to sustain our daily expenses. The reason that living our lives will become very costly, to the extent that minimum wage earners will live their lives the harder way.

suzanne5223

hero member

Activity: 2660

Merit: 651

Want top-notch marketing for your project, Hire me

Quote from: Ultegra134 on October 13, 2022, 06:10:46 PM

Quote from: suzanne5223 on October 11, 2022, 06:01:08 PM

Although the rapid increase in inflation this year was from trigger by the issue of Covid-19 but if Covid didn't happen rapid inflation will eventually happen because the government keeps making use of their political error structure by wasting the funds they ought to use to develop the country on printing more fiat currency.
The price of commodities may return to its last year's price but it's determined by the government's decision.

It's a combination of both.

The world economy is already shaking before Covid-19 and people like Kiyosaki have made a warning statement but some people thought he was just trying to cause FUD.

Quote from: Ultegra134 on October 13, 2022, 06:10:46 PM

COVID-19 actually slowed down inflation's growth. A small increase in inflation of 1–2% is actually considered healthy for the economy. During COVID-19's quarantine, the economy basically stopped progressing due to imposed quarantine measures.Thus, it was expected for inflation to suddenly bump up after it reopened. Generally, electricity and fuel prices were already on the rise before the war in Ukraine, in August-September, due to EU policies to turn to green energy and shut down coal plants. Westerners though, like to blame Russia and Putin for the electricity crisis they ignited.

You said the covid-19 slowdown inflation and I will be happy if you explain why it slows down inflation because the covid-19 is what actually fast track the world economic meltdown that was slow before.
I don't blame those that believe Russia and Putin play a role in the electricity crisis because the current invasion also does some damage.

Fara Chan

hero member

Activity: 1302

Merit: 516

Bitcoin Casino Est. 2013

The possibility that will happen to the habit of increasing the cost of goods will be difficult to decrease at the usual price, our currency will continue to depreciate and lose its value. While the price of these needs will continue to survive, if the price drops it will never return to its initial price.

For example in our place the price of rice last year was different from now, although there was a decrease in price, but it would never return to the basic price and so were other basic commodities such as eggs, oil, fish and meat.

Swordsoffreedom

legendary

Activity: 2884

Merit: 1115

Leading Crypto Sports Betting & Casino Platform

Quote from: kawetsriyanto on October 03, 2022, 06:46:06 PM

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.

If you expect the prices of commodities to return to cheaper prices like the last year, it seems difficult to happen in the near future. In my country, the increase in petrol price triggers the commodity prices to increase more and more. Instead of expecting lower prices of commodities, they are going to skyrocket now. In my opinion, the government is trying to increase state revenue but they forget how the society's condition. Sad

Commodity prices will return to normal if inflation is brought down to 2% as usual and the war stops, world imports and exports flow better, then everything will stabilize and return to the old level.
At the moment, other than continuing to print money to support, I don't see a better solution for the government, but in the long run this will not be good for an economy.

Quote from: kawetsriyanto on October 03, 2022, 06:46:06 PM

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

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'm sure there will be a solution to deal with the current economic crisis.
We should try to get more income from any source, we need more side jobs. While the government should try to evaluate its policy in controlling the commodity prices on the market.

I don't think there will be a better solution than finding a solution yourself instead of waiting for the government to come up with a solution. Just like you, I am also working different jobs to earn money, sleeping less, resting less and working more is our only solution right now.

Cookdata

hero member

Activity: 1106

Merit: 912

Not Your Keys, Not Your Bitcoin

Quote from: wiss19 on October 04, 2022, 03:00:51 PM

They say that bad times are temporary so it is possible that prices can normalize soon together with the crypto and other markets so don't worry too much. For now you can still do something in order for you to survive like lessening your consumption of the items which price have doubled.

I know it's hard at first but you will soon get used to it. You can only raise your own chicken to obtain free eggs, you can plant your own crops, and so on. This can greatly reduce your expense and you will only spend your money on the items which you can possibly produce on your own. Investing our fiat money in assets like cryptos will also retain their value in the long run.

Bad times are temporary but go and check the basic prices of nesecities we used at home in the last 10 years. In fact, there are things we just can't do without even if we want to switch to alternatives, seasoning, for example, is a product you can't do without and its price has doubled, seeking for meat has a fish as an alternative but same fish has also doubled in price here, I doubt if there is even a single protein in the market that is still cheap, most options have all grown up in prices due to shifting in customers consumptions. As long as the circulation of fiat isn't reduced or make it deflationary, the price of goods and services will continue to shoot up.

I went to a boutique to buy some clothes 4 weeks ago and I was disappointed at how high clothes have become expensive, but looking at it though, I observe that the rate of importation is high here and they all depend on the dollar which is now high and scarce for a common business person and the banks are not helping them to provide.

Ultegra134

hero member

Activity: 1680

Merit: 845

Quote from: suzanne5223 on October 11, 2022, 06:01:08 PM

Although the rapid increase in inflation this year was from trigger by the issue of Covid-19 but if Covid didn't happen rapid inflation will eventually happen because the government keeps making use of their political error structure by wasting the funds they ought to use to develop the country on printing more fiat currency.
The price of commodities may return to its last year's price but it's determined by the government's decision.

It's a combination of both. COVID-19 actually slowed down inflation's growth. A small increase in inflation of 1–2% is actually considered healthy for the economy. During COVID-19's quarantine, the economy basically stopped progressing due to imposed quarantine measures.Thus, it was expected for inflation to suddenly bump up after it reopened. Generally, electricity and fuel prices were already on the rise before the war in Ukraine, in August-September, due to EU policies to turn to green energy and shut down coal plants. Westerners though, like to blame Russia and Putin for the electricity crisis they ignited.

suzanne5223

hero member

Activity: 2660

Merit: 651

Want top-notch marketing for your project, Hire me

Quote from: Hamphser on October 13, 2022, 05:38:53 PM

Quote from: ?? on ??

Quote from: suzanne5223 on October 11, 2022, 06:01:08 PM

Although the rapid increase in inflation this year was from trigger by the issue of Covid-19 but if Covid didn't happen rapid inflation will eventually happen because the government keeps making use of their political error structure by wasting the funds they ought to use to develop the country on printing more fiat currency.
The price of commodities may return to its last year's price but it's determined by the government's decision.

Have you ever in your life noticed prices coming down?
I have never - notice a price drop.
Also it is common practice that everytime we keep putting balme of our failure on other. When we are not being able to manage our finances we put blame on inflation

Never ever on my life i do experience where commodities and other living related stuffs are going down but rather they do keep on increasing as years passing by.If you arent that aware then comparing prices

back in the past would really be a solid proof that we arent going backwards anytime soon.This is why it would really be just wise for you to find alternatives on looking for other source of income.

Even inflation do hits hard then you are really that prepared.I agree on the point about putting blame on others specially on inflation when on the time that you are struggling on buying
on what you do need. Cheesy

I understand your point guys but firstly the word "may" is about there maybe a possibility.
Having said that, we don't see the price of commodities coming down because the government is making the same mistakes year after year by printing more fiat currency ^{(because its another means for them to steal from the country's national cake)} with the fund they ought to develop the country.

Hamphser

sr. member

Activity: 2604

Merit: 338

Vave.com - Crypto Casino

Quote from: ?? on ??

Quote from: suzanne5223 on October 11, 2022, 06:01:08 PM

Although the rapid increase in inflation this year was from trigger by the issue of Covid-19 but if Covid didn't happen rapid inflation will eventually happen because the government keeps making use of their political error structure by wasting the funds they ought to use to develop the country on printing more fiat currency.
The price of commodities may return to its last year's price but it's determined by the government's decision.

Have you ever in your life noticed prices coming down?
I have never - notice a price drop.
Also it is common practice that everytime we keep putting balme of our failure on other. When we are not being able to manage our finances we put blame on inflation

Never ever on my life i do experience where commodities and other living related stuffs are going down but rather they do keep on increasing as years passing by.If you arent that aware then comparing prices

back in the past would really be a solid proof that we arent going backwards anytime soon.This is why it would really be just wise for you to find alternatives on looking for other source of income.

Even inflation do hits hard then you are really that prepared.I agree on the point about putting blame on others specially on inflation when on the time that you are struggling on buying
on what you do need. Cheesy

suzanne5223

hero member

Activity: 2660

Merit: 651

Want top-notch marketing for your project, Hire me

Although the rapid increase in inflation this year was from trigger by the issue of Covid-19 but if Covid didn't happen rapid inflation will eventually happen because the government keeps making use of their political error structure by wasting the funds they ought to use to develop the country on printing more fiat currency.
The price of commodities may return to its last year's price but it's determined by the government's decision.

milewilda

legendary

Activity: 3094

Merit: 1127

Quote from: Russlenat on October 11, 2022, 03:11:06 PM

Quote from: ethereumhunter on October 01, 2022, 10:00:39 AM

We know that once commodity prices increase, it will be difficult to bring them down because it will affect the conditions in the market. Maybe that could happen if there was more supply for basic food so that it could push the price down.

I still believe that in the future, people will still be able to buy or finance a basic life. But maybe the quality of that will not be as good as now or in the past because there have been a lot of changes.

Unfortunately, the prices of basic commodities keep on increasing while the basic salary of minimum wage earners has only less chances to grow so it’s an obvious reason that they are the ones who are very much affected with this current high inflation. But I don’t think the government have never seen this coming. Maybe they are still in battling on how to control the price inflation so that people can still afford to live a basic life just like before.

Its responsibility of the government on giving out at least some aide because whether they do like it or not, inflation do really hits hard and something that cant really be avoided or simply inevitable.
Commodities could never really came back into its previous price but rather it would really be keeping on soaring as inflation do hits hard.Its true that there should be at least some adjustments
when it comes to salary because those wage earners would really be definitely having a hard time on having a living with soo much increase of prices which would end up for them to be miserable.
So for those who dont want to experience the worst then its better to find another source of income not only just coming from your dayjob.

Russlenat

hero member

Activity: 2716

Merit: 904

Quote from: ethereumhunter on October 01, 2022, 10:00:39 AM

We know that once commodity prices increase, it will be difficult to bring them down because it will affect the conditions in the market. Maybe that could happen if there was more supply for basic food so that it could push the price down.

I still believe that in the future, people will still be able to buy or finance a basic life. But maybe the quality of that will not be as good as now or in the past because there have been a lot of changes.

Unfortunately, the prices of basic commodities keep on increasing while the basic salary of minimum wage earners has only less chances to grow so it’s an obvious reason that they are the ones who are very much affected with this current high inflation. But I don’t think the government have never seen this coming. Maybe they are still in battling on how to control the price inflation so that people can still afford to live a basic life just like before.

Vaculin

hero member

Activity: 2940

Merit: 613

Winding down.

Quote from: ?? on ??

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.

Experts say that the situation could get even worse in the coming days. I guess in our current situation, it will still take time for every country to recover especially now that even huge countries are suffering. Average earners are now looking for more ways to earn because, to be honest, minimum wagers mostly can't afford to survive because of this inflation crisis. We have no choice but to be braver and find more ways to survive in the long run.

I think inflation is here for good so we can only anticipate that the prices of basic commodities will grow more as the years go by. Though rollbacks of prices might still be possible for some goods but I believe most of them will bound to increase so we should accept and live for it. It’s now up to the people most particularly for average earners to tighten their budget or find more ways to survive through looking for additional means for survival.

tygeade

legendary

Activity: 2086

Merit: 1058

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.

It's not about "can they?" it's about when they will. Economy is ever growing meaning even if we could tackle inflation, and even if the fed rates stay high for a while, eventually one day we will grow back to where it was one day. Maybe it will take a few months, maybe it will take years, but we will get there for sure.

It took decades for someone like warren buffet to reach 60 billion dollars and be the richest person in the world at some time, but then took just a year or two for Elon to go from those levels to 300+ billion levels, all because of high inflation that happened and stock prices skyrocketing. Doesn't mean we will have it that quickly, maybe it will be very slow, but it will get there one day in the future.

blue_hurricanger

full member

Activity: 653

Merit: 183

We haven't back to the pre-covid economy yet for a lot of countries. So I doubt commodities can return to its price last year. Worse, commodities themselves align with fuel and electricity cost, and thanks to the energy crisis right now, both are skyrocketing in the whole world. Nope, we won't see its price back to the before anytime soon. Every kind of data and benchmark looks grim. Tourism also hasn't back to pre-covid yet. China is still under limited lockdown and they have a population number of 1,4 billion.

Anytime tourism and China back to the pre-covid number, huge demand for commodities will make the price rise as well.

Zanab247

full member

Activity: 1358

Merit: 207

Catalog Websites

I don't think, the price of commodities will return back to normal, because many commodities were affected during the pandemic that took over some years in the land that caused inflation that made the price of commodities to increase higher. Since the government has done everything possible within their power to end the pandemic but another crisis came up few months ago, between Russia and Ukraine that is making the whole world to feel massive inflation in the land. I guess, the only way commodities price can return back to normal is when all the countries of the world legaliz Bitcoin.

Ultegra134

hero member

Activity: 1680

Merit: 845

Quote from: ?? on ??

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.

this will be a tough job for every country, the increase in commodity prices will complicate everything, one way that the government must do is of course by adjusting the average wage of each citizen in order to offset the price increase that occurs. After an increase, it is usually not easy for commodity prices to return to normal as before because everyone is used to it and no one will feel disadvantaged later.

The increased price of goods is a vicious cycle, starting from the very basic ones, which are electricity and fuel/oil prices. With increased transportation and upkeep costs, we're doomed to suffer from massive increases in daily goods. The worst thing is that things aren't getting better anytime soon, since Brent and WTI crude oil have skyrocketed once again, almost surpassing $100 for Brent and $93 for WTI. At least we had noticed a minor relief in fuel prices in the past months. However, this is about to change, causing products to skyrocket once again.

Johnyz

full member

Activity: 2086

Merit: 193

Quote from: ?? on ??

Prices can return to it's original prices or at least get more cheaper than it is currently if agriculture gets back the attention it had in early years. So far man has abused the ecosystem with various air polluted activities which not only depleted the ecosystem but also affected plant and animal growth. Food been a basic necessity of human existence has been made secondary to technology

Once the economy of many returns to a good level, I also see those commodities to at least be more cheaper but I don’t think it will come back the way it used to be. We are not on a much faster inflation rate than ever and usually those price can’t be back anymore for many economic reason. The population are also growing while the resources are becoming small, that can affect the supply chain and that is one of the reason of the price increase.

Smartvirus

legendary

Activity: 1554

Merit: 1139

Quote from: South Park on October 08, 2022, 04:06:50 PM

More stable prices are a possibility, but if that were to happen they will become stable at the current levels and not the ones we saw before the pandemic started or even the period before the war at Ukraine, and while producing our own food can protect us somewhat from inflation when it comes to our food, it is not completely foolproof as most people do not have the land to do something like that, and even if you could you will still suffer from inflation as fertilizer and the food for the animals you raise have also gone up in value.

I guess that's where the idea of a universal currency comes in and we've got bitcoin enthusiast clamoring to bitcoin as the solution to inflation in our world. As much as I want it to be, I still have my doubts that bitcoin cannot be all the solution there is. For new eras breaths forth new issues of its own and the past issues could still strive in the shadows.
Inflation, though as negative as it is, it is one of the societal ills that won't go away but we can learn to manage it.

Things could go bad rather rapidly buy a healing time is always much slower. There isn't any way in which, we could hope for inflation to recover from a previous year in the next. We could always come by a yesterday's price but it isn't going to be tomorrow.

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: wiss19 on October 04, 2022, 03:00:51 PM

They say that bad times are temporary so it is possible that prices can normalize soon together with the crypto and other markets so don't worry too much. For now you can still do something in order for you to survive like lessening your consumption of the items which price have doubled.

I know it's hard at first but you will soon get used to it. You can only raise your own chicken to obtain free eggs, you can plant your own crops, and so on. This can greatly reduce your expense and you will only spend your money on the items which you can possibly produce on your own. Investing our fiat money in assets like cryptos will also retain their value in the long run.

More stable prices are a possibility, but if that were to happen they will become stable at the current levels and not the ones we saw before the pandemic started or even the period before the war at Ukraine, and while producing our own food can protect us somewhat from inflation when it comes to our food, it is not completely foolproof as most people do not have the land to do something like that, and even if you could you will still suffer from inflation as fertilizer and the food for the animals you raise have also gone up in value.

Topic: Can commodities return to its price last year? - page 4. (Read 1298 times)