Topic: Food prices across the globe [General comparison] (Read 883 times)

Aside the economical changes across multiple nations, traders in some agricultural states still sell food at a high rate. But not all of them do that, in a land with sufficient food, agricultural products tends to be on a low rate. Then, transportation affects the costs of that same goods when exported to a far destination. Which is the main reason why people who live in a state where foods are being imported complain so much about the high cost of food. As you said, it all varies according to locations.

Inflation varies based on countries and various commodities.Inflation affects almost every country at a particular season.Prices tend to increase frequently and that's a major threath to life and humanity.Inasmuch as everyone is facing several difficulties in the economical al state,the rate at which food prices around the globe disturbs human existence needs an absolute approach and general support.

Climate change is causing too many troubles around us which are we missing even many cautions are coming about this, but still things in developing countries are not going as we needed with few countries which are effecting from wars or conflicts are also having trouble time so we are losing our land which is important and can bring cheap and better food for us here I am giving few updates in few countries which are losing their agriculture land due to having other things peoples in these countries are suffering badly.

Housing schemes and towns are spreading, and we are losing our food through as well few voices were going for these things but corrupt peoples those are taking huge personal incentives are not going through for better solution so we can lose more values and our right of having cheap food for us and our kids this could be another problem in near future.

I live in a country that is not mine and food is not that expensive, but services are, in the country I am from most food is expensive, but services are not expensive, so this is something that is relative, if it is cheap on one hand it is expensive on the other, in some way the system charges you for it, each country is different, it is known that the priority of everything is food, and that is what we must guarantee, so if we only consider food then it is cheap and expensive in some places, but to say in country X it is better because everything is cheaper, so far I do not know of any.

Your gym buddy is not wrong, there is certain degree of "saturation" specially in simplest stuff like website design, simple programming, network manager, etc. But people with higher skills are still in demand and can ask for high salaries.

The biggest problem with salaries in my opinion is the delay, which is the time it takes for them to go up to match the inflation.

I've never thought of that. I guess the interest free loans (the Islamic way!) are interesting and that's the only type of loan I've ever taken in my life back when I was a student at the university (because it was free!). The rest is just weird specially the ones you have to "buy some stocks" to get the loan. They just don't make any sense

The increase in goods continues in most countries now because the economic conditions are unstable and even inflation and recession play a significant role in the current process of increasing prices for goods. My government is starting to consider increasing taxes by 12% and I have not read carefully how it will be implemented, but the efforts made will definitely have a greater impact on the stability of products, especially food, and this will again lead to high inflation that may affect the people in it.

We live in a more difficult way and if we do not have good financial capabilities, we will get into trouble again. How did this happen and even the government itself was unable to make early prevention efforts because the country's economic cycle also experienced a decline such as a deficit and hopefully this can be resolved properly.

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In the Russian Federation, prices are rising every week due to high inflation and increased taxes. The government, if you can call it that, has simply gone crazy and does not know how else to replenish the country's budget, since it is in deficit. Somehow, the hole in the budget needs to be closed. And who else can "help" in this matter, except for the population. More than half of the country is already in terrible living conditions, and now we constantly have to choose those products that are of fairly low quality. There is no other choice. So we have to exist and survive. Soon my country will approach African countries in terms of living standards.

That is what many people think. Its a slavery argument. Prices go up anyway.
Look at those countries which stick to that mantra and see why they have a poor performance.

Inflation is affecting all countries including mine and it's getting worse during the Christmas holidays. Traders are aware that lots of people will be interested in buying things during this time hence they'll want to get the best profits that they haven't gotten althrough the year. It's a wrong thing that marketers do but every marketer is doing it as well hence if others don't follow they'll miss out and be left with little profits to restock hen their goods finish because the decision to increase the price of foodstuffs affect every other thing in the economy.

Transportion will get increase because the transporters will want to make more money to be capable of affording the high rising cost of foodstuffs. The comparison of foodstuffs across the world shouldn't be done right now because lots of price inflation is happening because it's end of year.

Increasing wages drives prices up.🔝

You need to force companies to take lower profits.

BTW this is pretty much true all over the world.

And the rich get richer since forcing them to make less profit is basically impossible.

The minimum wage is quite low in Nigeria as $43 is quite low and it's really hard to live a happy life with such amounts when wage is low and inflation is high. I believe the government of Nigeria should do something for the citizens either by reducing inflation which's not likely going to happen, or by increasing the minimum wage to at least $130 or somewhat higher than that.

I don't know how true it is but I know from my Gym buddy who is from Iran that there are so many computer science and engineering people in Iran that their salary is low because of high competition. Is that true?
Btw the loan system in your country is very interesting.

Didn't change a bit in my country.

I'm against subsidization in every case. First of all, nothing should be free in this world because everything requires work and energy. If you subsidize something, for others it means that this is free and they'll lose the motivation. I never give free money to beggars but when I want to give money, I always get something back from them to show them that they need to do something to deserve it, I do it even if I don't need what I got from them.
Absolutely every government is corrupt and subsidization only gives them the possibility to maximize profit from their corruption. There can be cases like Covid when some people really need subsidization but even in this case, it turns into an evil business for companies like Pfizer, Astrazeneca and others.

Sorry to answer that late. Water if you wish for water supplied by local authorities, be prepared to move a lot.
Caracas some areas in Valencia have plenty and just open your faucet it is posible but you need to be in a well off area.
The regions, some have a good water supply, others are pretty dry, but not as dry as regions in India. about 12 years ago I received water thru piping twice a week. Now its going towards 6 times a year. You can buy 10³ Liter for around $25. If scarce more if plentiful available more conveniently priced.   

The soil is pretty good just farmers don't have too much gasoline, mostly diesel they need. Regions bordering Colombia get their fuel from their neighbors. There is plenty of ignorance what proper agriculture is about. So you get good vegetables, non treated, no genetics.  That you loosen up your soil every once in a while is next to unknown.

I only report what I know its true, common sense, and checked info.

What matters in the world is the art of cooking. Otherwise, the prices of food items vary everywhere.
What is important is how well you can combine these ingredients. How much time does it take you?

The true value of food lies in its preparation. It's something that may take up your time.

Developed countries may seem to have everything worked out, but its more complicated than that.  They might have better  infrastructure and possibilities in theory, however that doesnt mean everyone is livin large.  For instance, the cost of living is through the roof in various developed places and incomes havent matched that growth.  People are having trouble paying their bills, the same as in many developing countries. OK, maybe not exactly the same, but different economic situations absolutely breed different problems.

Thats true. Most times you hear the third world countries complain about inflated prices of goods and services but isn’t really the same with developed nations no. That’s because, most developed countries have provided the means for its citizens. The means to getting an income is the major difference and even then, not every one gets the chance to make something for themselves. In third world countries, the lack of means to making an income makes things a lot more worst. Not because the products are over priced but, your require to make expenses and not have the means to get the money for it.

Invest in food stocks maybe? If these products look expensive to you, maybe the manufacturer of these products are making good profits? Have you made any research? That’s the only way to protect yourself from inflation in the long run. (Other than investing in btc)

Food, water, energy etc make yourself a good defensive portfolio that pay dividends and you won’t worry about it.

The other option is growing your own vegetables. Some of them veggies grow fairly easy. You may try it if you have a garden. Even a small one will work wonders.

As they say: necessity is the mother of invention. For example the more US sanctioned Iran, the more Iranians had to move toward self reliance. This is why Iran is so advanced in many sciences either on par with the rest of the world or ahead (Nano technology, stem cell research, medical engineering, space technology, ...).

It comes down to the cuisine. In our neck of the woods, most of the food are with rice (like rise and stew, kabab and rice) so it is consumed a lot and when you are a family of 3/4 you buy big bags and store them easily. Usually we buy 10 kg bags.
BTW Wikipedia lists a lot of our food in case anyone is interested: https://en.wikipedia.org/wiki/Iranian_cuisine it also has my favorite "tahdig"

Although it has many advantages but also it has some disadvantages as well so I wouldn't be hasty in making such decisions. I can think of two main ones:

First is that it grows the government expenditure, so they'll need more budget and if they can't find additional revenues to cover that up they'll face a big deficit. And we know when governments face budget deficit, the first thing they turn to is the easiest solution which is to print money. Printing money causes inflation then everyone loses!

The other disadvantage is that over time it can create a price difference between the country paying those subsidies and its neighbors that don't. That makes smuggling very profitable that it becomes appealing despite being illegal and damaging. And then if that is not managed properly, it can turn into a big issue. I can mention two examples of such issues: with cooking oil and with petrol.

As you may recall a couple of years ago after Russian invasion of Ukraine the cooking oil price went to the moon globally. In Iran due to these subsidies the price remained low but not elsewhere. All of a sudden massive amounts of cooking oil were being smuggled out of the country that it turned it into a national security threat. It was managed rather well by changing the way subsidy was paid (paid to the customer instead of the producer).

But the issue with petrol/gasoline is not yet solved. Price still remains super low at 2 cents ($0.02) per liter! While it is a lot higher in Iran's neighboring countries like $1.22 in Turkey, $0.9 in Pakistan, $0.68 in UAE, etc. It is obvious that it will be smuggled to these places because it is super profitable to do so. That's like 6000% profit to smuggle it to Turkey
Consequently Iran is now facing a petrol shortage, and the problem hasn't been solved yet...

The point is, it is not always a good decision to give subsidies. At least not in the long run.

The prices of food and daily essentials have increased in all countries around the world but I think my country Bangladesh has the highest price increase in the world. The daily necessities to keep people's life and lifestyle are going beyond the purchasing limit of people. Generally those who belong to the middle and lower classes are living a very miserable life as it becomes so difficult to support their families that they are unable to provide nutritious food to their families. Generally during covid in my country the prices of food and daily essentials increased to such an extent that the price never recovered.