Can commodities return to its price last year? - page 5.

Fortify

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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.

You'd need to be more specific, what commodities? There are all sorts of commodities and they are changing in value all the time - plus they can very often have little correlation between each other so it's a bit of a weak question. Commodities will naturally change in tandem with the world economy as well, when times are good then companies will be utilizing a lot more of them so the price is pushed up, when times are bad like heading into recession then the price drops to return back later. Also, money has been depreciating since the beginning of time, yes it might be at a faster rate right now but inflation generally effects all countries even if it was much lower previously.

wiss19

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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.

kawetsriyanto

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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.

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

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.

DrBeer

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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.

From the point of view of the monetary system of countries - most likely not, there will be no return to the prices that were. And there are several reasons for this:
1. A large mass of "printed, additional" money that covered the crisis situation, from the time of Covid, to the terrorist attack, the country of terror of Russia, on Ukraine.
2. Real problems in real sectors of the economy
3. Inflationary processes associated with real problems in the global economy
4. A significant financial burden on many countries associated with economic, energy and other problems that have developed over the past year.

Is this bad? Yes, not good. On the other hand, this is a way out of the crisis, and especially a solution to internal tensions associated with global destabilization. But not for everyone. Inflation in Britain or Britain is not the same as inflation in Zimbabwe or Russia .... They have different causes, and different probabilities of solution.

Kadal Ijo

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Economic conditions that are very difficult to make the amount of production cannot be channeled optimally so that the price of many commodities decreases, this is a serious problem because the automatic production process will not be maximized.

Oceat

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Quote from: autumnleaf on October 02, 2022, 08:03:08 AM

It is very unfortunate that prices continue to rise due to inflation brought on by a shortage, particularly of our basic necessities, which significantly impacts our daily lives. However, it is even more regrettable that so many people took advantage of this global situation. But while we can't say with certainty when everything will return to normal, we can only hope.

There's no hope that this will return to normal since inflation was always like this and the only way is to move forward, accept everything since the population of this planet is growing while our basic necessity is limited everything won't be the same as ever before. We just have to accept and adapt to the changes to continue living as if it's not really a burden when you are living on the third world country. SMH Undecided

beej

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There is a strong probability that prices are not going back
down. If things do go well, salaries will improve as a form
of compensation, regardless if it’s implementation speeds
up to somehow overtake the ever growing prices of different
commodities and necessities everywhere. Lets face it, its the
new norm, the contemporary baseline to modern life. The
precursor of a change a lot of us might not hope for, but its
rooting and initiating structures right in front of everyone
around the globe.

autumnleaf

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It is very unfortunate that prices continue to rise due to inflation brought on by a shortage, particularly of our basic necessities, which significantly impacts our daily lives. However, it is even more regrettable that so many people took advantage of this global situation. But while we can't say with certainty when everything will return to normal, we can only hope.

el kaka22

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It won't go back to what it used to be, but that is not what we are trying to achieve here neither, what we are trying to see is the prices staying the same. If something went from 1 dollar to 2 dollars, it's ok for it to stay at 2 dollars and not go back to 1 dollar, but more important thing is for it to not go to 4 dollars and double again, we need to stop that part.

So, let it be staying at the same price, there is no worry there, our salary will catch up to it eventually, the reality is that we should be reaching to a point where the prices stay, but salaries grow and when that happens, we will live a comfortable life all over again.

iv4n

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There's no chance that "prices will return to the old"! First, the corona, then this war, in which everyone is involved in some way, is shaping a new reality, that's why I have the feeling that there's no going back "to the old", whatever that "old" means. There will certainly be market circumstances that will lead to the price lowering and correction of some products, but it will not be the "old price".

The question is, are the prices of some products now realistic or blown? It seems to me that many have taken advantage of the global situation, everything has become more expensive and will continue to become more expensive. I'm not sure when and if everything will calm down, and winter is coming...

ethereumhunter

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Quote from: goaldigger on October 01, 2022, 04:44:25 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.

We might see a slight price back but in the long run, the price will still rise especially inflation continues to rise over time as well. We have to deal with this now, commodities and basic necessities are not getting cheaper anymore, we might pay for the cheap price but the quality and volume of that is totally different now. Over time we will get used to it and the only way to survive is to increase the value of our money, so invest wisely.

And before the prices of commodities and basic necessities rise further, we must try to raise money to continue to buy them later. And we can only hope that when the price increases, the supply of commodities and basic needs can still be available and not scarce in the market because this usually happens when all prices increase. The government will usually say that supplies are in distribution and the public is asked to be patient. We should be able to try to prepare more money by working harder and looking for the right investments so that we can make money later.

philipma1957

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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.

If prices drop they wont be what they were.

I am diabetic I manage my illness via diet.

No rice
No wheat.
very low carbs.

Eggs were good as they are low cost.
$1.69 a dozen for jumbo eggs

now $4.19

so three dozen eggs a week used to be about 5 bucks now 12.50

or 260 a year now 650 a year.

fish way up
meat way up
cheese way up
nuts way up
frozen veg way up
Basically my diet costs 2x what it did .

yeah times are hard.

Ultegra134

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It is possible, but certainly not going to happen in the upcoming months or even years. The only positive we've seen in the past few weeks is oil and CNG prices massively dropping. Although they're still extremely volatile, both have marked significant drops during the past month, with crude oil having dropped from $100+ to well below $90/barrel, while natural gas has dropped from over $9.680 per 1000 cubic meters down to $6.700. The most upsetting fact about this is that, despite such a significant fall, gas prices here are still extremely expensive for whatever speculative reason.

Grocery prices, on the other hand, keep increasing week by week. Yogurt, milk, dairy products, and meat have become luxury goods. It's depressing to say the least.

Bazzu

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Yes, inflation is felt by many countries now, and in my country also feels inflation because the price of food prices and so on goes up, but of course I think it will be difficult to reach prices like last year because the world economic situation is going down, so it will be difficult. it is difficult to reach prices like last year, but of course we will have no difficulty with inflation as long as we live in a country with wise leaders, because if we have wise leaders, employee salaries will certainly increase like employees and so on, even for small people given donations, so inflation will not be too difficult as long as it has good and wise state leaders.

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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.

It’s hard to expect that prices of basic commodities will soon to decrease and return to regular prices. The inflation has become even worst and chances are, it will continue to exist and create another price increase in the market. That makes it harder for average earners since their budget will very hard to make ends meet, so they have to adjust their expenses and their daily consumption just to survive.

goaldigger

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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.

We might see a slight price back but in the long run, the price will still rise especially inflation continues to rise over time as well. We have to deal with this now, commodities and basic necessities are not getting cheaper anymore, we might pay for the cheap price but the quality and volume of that is totally different now. Over time we will get used to it and the only way to survive is to increase the value of our money, so invest wisely.

South Park

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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.

There could be a small reduction in the prices but nothing major, while governments have been trying to blame this on logistics issues and the war most of the inflation comes from the increase in the money supply, and since they are not going to reduce it then the increases we are suffering are pretty much permanent, so there is not much we can do except trying to look for cheaper alternatives while saving our money in an asset like bitcoin.

ethereumhunter

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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.

hugeblack

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There are several reasons for the increase in prices, including the strength of the dollar, the resulting inflation due to supply chain problems, and the increase in interest rates, but there are some irrational increases that occur in some goods or sometimes for a wide range of goods and services.
Based on all that I have mentioned, the possibility of lower prices is possible and will be beneficial if the supply chain problem is resolved, although I believe that many governments will fail to maintain a low level of inflation.

Zlantann

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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.

I might not be very knowledgeable about how commodity pricing works in other countries but I am well experienced as regards to my country. Immediately price of goods or services goes up due to some challenges it would never come back to normal. Even if the problem is fixed the price would still be high.

It is the responsibility of the government to analyze the economy to ascertain the right price for goods and services based on the current level of inflation. The results of this analysis would be used to regulate the pricing of goods and services to ensure that the citizens are not exploited. But when this government agencies fail to carry-out their regulatory function, greedy companies and individuals would take advantage of consumers.

Yes I expect that if peace returns to Russia and Ukraine and the supply of gas, oil, and agricultural products stabilizes the price of good should come back to normal. But like I stated, it would only happen if the government is doing its job.

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