Food prices doubled this year - page 3.

uneng

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Quote from: The Sceptical Chymist on September 12, 2021, 03:17:27 PM

Anyone know if hyperinflation comes on slowly or all at once? That's what I'm worried about.

It comes all at once when governments are interventionism adepts. That means they mask the economical scenario maximum as possible to give a false impression everything is fine. They artificially control prices, print money often, increase public expenses (like you said regards Biden's policy of giving free money). As such measures are useless and don't solve any issues, at some point the situation becomes unsustainable and hyperinflation hits aggressively.

Irresponsible, populist public policies turn economical crisis into a snowball downhill increasing in size after each spin and destroying everything on its way.

Ultegra134

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Quote from: The Sceptical Chymist on September 12, 2021, 03:17:27 PM

Quote from: Ultegra134 on September 12, 2021, 09:53:19 AM

Inflation seems to be at its peak, at least here in Greece, with food and basic necessities seeing a large price increase the past few months. The electricity cost has also increased for the average household. On top of that, fuel prices are on the rise, with an average of 1.70-1.75€ per liter of unleaded petrol.

I wouldn't count on it being at its peak, as things can always get worse--but for your sake and the sake of your country, I hope it's true.

Over here in the US, it seems like inflation is ramping up and who knows when the peak is going to be? I'm betting that it's not going to be soon, especially with Biden's economic policies. He seems to love giving money away, and the net result is an extra tax on every single citizen in the form of inflation. He didn't start this mess of course, but he's not making it any better. I've seen prices of certain things increase since last time I posted in this thread, which wasn't too long ago.

Anyone know if hyperinflation comes on slowly or all at once? That's what I'm worried about.

It's been going nuts after the quarantine, everything has gone up, from getting a simple take away coffee, to dining at a restaurant. Fuel prices have skyrocketed, I used to fill my car with approximately 60 euros, let's just say that this belongs to the past now.

It's also the tourist season here, every summer fuel prices skyrocket, but after quarantine, I'm noticing drastic increases on basic goods. I'm not really one of those who kee track of prices, but it's starting to become ridiculous. There's one thing I know for sure, and that's my salary which has remained the same.

DrBeer

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I wonder if there are countries where, as a result of the pandemic, the economy rebuilt on a "critical track", which led to a decrease in prices due to a decrease in the global purchasing power of the population caused by the consequences of a global pandemic?

In our far from ideal economy, in Ukraine, prices have also increased recently, and "in all directions". From food and medical supplies to utility prices. Plus, in 2021 another rise in property prices began, which looks rather strange

The Sceptical Chymist

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Quote from: Ultegra134 on September 12, 2021, 09:53:19 AM

Inflation seems to be at its peak, at least here in Greece, with food and basic necessities seeing a large price increase the past few months. The electricity cost has also increased for the average household. On top of that, fuel prices are on the rise, with an average of 1.70-1.75€ per liter of unleaded petrol.

I wouldn't count on it being at its peak, as things can always get worse--but for your sake and the sake of your country, I hope it's true.

Over here in the US, it seems like inflation is ramping up and who knows when the peak is going to be? I'm betting that it's not going to be soon, especially with Biden's economic policies. He seems to love giving money away, and the net result is an extra tax on every single citizen in the form of inflation. He didn't start this mess of course, but he's not making it any better. I've seen prices of certain things increase since last time I posted in this thread, which wasn't too long ago.

Anyone know if hyperinflation comes on slowly or all at once? That's what I'm worried about.

Ultegra134

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Inflation seems to be at its peak, at least here in Greece, with food and basic necessities seeing a large price increase the past few months. The electricity cost has also increased for the average household. On top of that, fuel prices are on the rise, with an average of 1.70-1.75€ per liter of unleaded petrol.

The government is claiming that action will be taken against the surge increase in prices, due to inflation. I highly doubt that to be honest.

www.tovima.gr/2021/09/03/international/fears-of-a-wave-of-price-hikes-alarm-for-price-surges-in-electricity-and-basic-necessities/amp/

CaptainCrapper

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Quote from: palle11 on September 16, 2020, 07:59:53 AM

The dynamism of the world economy now is on the high side. This is because the world is indirectly facing hard times even before the covid-19 problem. Covid-19 only increases the level of hard times. Most GDP is dropping because jobs have been lost.

The governments need to look into agriculture seriously because of food shortages globally.

Yes, the covid 19 situation makes price high and all of the level people suffering very bad environment so we have to help poor family when we will get it an opportunity we will try to help their cause covid period lots of people lost their job and lost business opportunity.

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Quote from: Kong Hey Pakboy on September 16, 2020, 12:34:40 PM

Food prices are doubled this year because of the inflation and high numbers of unemployment that people don't have enough money to buy more goods or other consumer products, that it is why the price of every products have increased and surge in demands. So no doubt that inflation have occurred during the pandemic.

the unemployment rate has nothing to do with rising food prices, but in my opinion the covid-19 pandemic leads to a severe recession in the economy and with it a lot of places where they stockpile a large amount of food. . That is also the main reason why food is becoming increasingly scarce and food prices are increasing.

Quote from: worldofcoins on September 02, 2021, 12:25:25 PM

This year is the most exceedingly terrible I actually spend, seriously we lost a bunch of superstars, and now it's Coronavirus who sway awful on our general public.
Everything has become costly because of the absence of flexibility and expanding interest. In my nation, the cost of food is twofold than a year ago.
Anyway, I'm hoping it's just temporary, and it'll be good in the coming year.

yes, the covid -19 pandemic is the main cause of many places where people are almost unemployed and life is difficult, are you talking about superstars? . You must be the director of a certain program. If so, you need to prepare for the worst, which is that most crowded places are restricted, and we will suffer a lot during the pandemic. but don't be pessimistic everything will be fine and we will all see the sun tomorro.

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Quote from: Mikayla Buckley on August 20, 2021, 04:54:32 AM

Any problem may cause inflation. Inflation is a neutral term, and there is no good or bad. Inflation may lead to economic development or economic downturn.
Inflation is rising prices, not because the demand for money is less than the supply of money

This year is the most exceedingly terrible I actually spend, seriously we lost a bunch of superstars, and now it's Coronavirus who sway awful on our general public.
Everything has become costly because of the absence of flexibility and expanding interest. In my nation, the cost of food is twofold than a year ago.
Anyway, I'm hoping it's just temporary, and it'll be good in the coming year.

Mikayla Buckley

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Any problem may cause inflation. Inflation is a neutral term, and there is no good or bad. Inflation may lead to economic development or economic downturn.
Inflation is rising prices, not because the demand for money is less than the supply of money

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Quote from: Cherylstar86 on August 14, 2021, 03:53:17 AM

Indeed. This is not just in any villages but I think everywhere. Because of the pandemic, their are lot of people who losses their job, they have nothing to eat. Every countries face the hard time because of covid19. The inflation and economic problems become one of the biggest impacts from pandemic. Food price doubled this year because that is the main need of human being. Everyone need food but the food storage cannot fulfill the demand. Quarantine is also the reason, people needs job and business right now are limited.

Lockdowns have affected the movement of goods, including agricultural produce. Some of the food items have limited shelf life and if they are not transported in time. In such cases, the farmers and agrobusiness firms have suffered huge losses. Also, the overall demand has gone down, and this has also created issues for the farmers. But these factors should not result in an increase in food prices. The only possible reason I could think about is the devaluation of the national currency. None of the users have mentioned the country where they are residing, so it is very difficult to reach a conclusion regarding this.

tabas

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Quote from: Sithara007 on August 18, 2021, 11:37:18 PM

Quote from: tabas on August 18, 2021, 07:33:25 PM

Most governments are doing their best, I'll count them with that but it's inevitable that there are handful of part of those governments that are also taking advantage of it.
Instead of focusing in helping to make the prices of food lower through subsidy, they're filling their pockets instead. This is not a secret for most countries.

Here in India, the government did a pretty decent job. They ensured that there was no hoarding of essential items by the merchants and this kept the prices under control. Also, the lockdowns were imposed quite early during the first phase of the pandemic, and this made sure that healthcare sector got adequate time in responding. The food prices here have remained at the same level as those we had before the pandemic started. However, a lot of blue collar workers are now without a job and they don't have the means to purchase adequate food even at these levels.

That's good to know but as well as sad at the same time knowing that many blue collar jobs have been stopped. Their typical job cannot be adopted through at home because they need to be present at the working place.
I guess that your government is also doing their job in providing help with those affected ones through layoffs.

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Quote from: Cherylstar86 on August 14, 2021, 03:53:17 AM

Quote from: Sithara007 on August 13, 2021, 11:00:06 PM

Quote from: boled on August 13, 2021, 10:16:49 PM

I live in a village, on the slopes of a mountain and this is what happened in my village during the pandemic. The conditions in most cities in our country are, hotels are empty of visitors, many restaurants are closed, if they are open their operating hours are shorter, food stalls are empty of buyers, the middle-class economy on average changes their lifestyle more efficiently. It's not magic and it's not magic. The price of agricultural crops is in free fall, a drop of minus 100%, some even more. So no increase in food prices.

Not very surprising. A lot of people have lost their jobs (especially in the unorganized sector), and they have cut down on their expenses. Even in the selection of food, the preference is now for less expensive stuff. And this impact is more in the village areas, since very few of the population would be having formal jobs. Those who have formal jobs will be protected against job loss and salary reduction to some degree, at least temporarily. That is not the case with those who work in the informal sector.

Indeed. This is not just in any villages but I think everywhere. Because of the pandemic, their are lot of people who losses their job, they have nothing to eat. Every countries face the hard time because of covid19. The inflation and economic problems become one of the biggest impacts from pandemic. Food price doubled this year because that is the main need of human being. Everyone need food but the food storage cannot fulfill the demand. Quarantine is also the reason, people needs job and business right now are limited.

The global economic crisis due to the Corona virus outbreak or the Covid-19 pandemic is indeed very burdensome.

The impact of the trade sector, especially exports and imports, raw materials and capital goods. Production decreases, goods are scarce and prices of goods continue to increase, causing inflation. The increase in the price of goods accompanied by a decrease in income is a fatal condition of people's purchasing power.

I hope the Covid-19 pandemic will pass quickly, the economy will improve again.

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Quote from: dark1234 on August 18, 2021, 06:18:52 PM

Until now, it seems that the impact is very significant for the workers and middle to lower businesses so that with the addition of rising food commodities, they fall into a high economic downturn. I hope the government is more concerned with small communities in making decisions to deal with the current pandemic After all, the lock down solution is not the best and most appropriate

actually lockdown is a form of government concern for the people, even though in its implementation many people are affected (especially small people). the government doesn't want this virus to spread and kill more people. The biggest impact of the lockdown is economic hardship and hunger, therefore the government must also be active in providing assistance to reduce the burden on the people affected by the lockdown.

Anon3301

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Where i am some foods are extremely cheap whereas others have (as you said) exponentially increased.
The main reason for the cheaper foods is the closure if international markets that have caused some usually expensive foods to drop to almost nothing.
Tho this wont be for long as the market will eventually adjust.
But for now, its pretty nice

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Quote from: tabas on August 18, 2021, 07:33:25 PM

Most governments are doing their best, I'll count them with that but it's inevitable that there are handful of part of those governments that are also taking advantage of it.
Instead of focusing in helping to make the prices of food lower through subsidy, they're filling their pockets instead. This is not a secret for most countries.

Here in India, the government did a pretty decent job. They ensured that there was no hoarding of essential items by the merchants and this kept the prices under control. Also, the lockdowns were imposed quite early during the first phase of the pandemic, and this made sure that healthcare sector got adequate time in responding. The food prices here have remained at the same level as those we had before the pandemic started. However, a lot of blue collar workers are now without a job and they don't have the means to purchase adequate food even at these levels.

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Quote from: boled on August 18, 2021, 04:50:29 PM

Hopefully, this disaster passes quickly and we can get through it safely. Stay healthy and respect each other. Try to always have positive thoughts, because if we think too much about current conditions, then we will be more stressed, when our stress levels are higher, then this will also affect the body's immunity, making us more vulnerable to attacks by many diseases, including cov19. As long as we are healthy and take care of each other, I believe the economic condition will improve.

The thing is that there is virtually no reason to be optimistic.

What we are faced with is actually completely normal if you think about it - fiat has historically lost its value insidiously and this is simply one of the instances where the effects has resurged after being subdued for a few years.

High inflation is the norm, not the exception. You need to hold store of value assets like BTC to protect yourself from currency depreciation - that is just the cold fact. Blind belief and prayer is not going to work.

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Quote from: dark1234 on August 18, 2021, 06:18:52 PM

Until now, it seems that the impact is very significant for the workers and middle to lower businesses so that with the addition of rising food commodities, they fall into a high economic downturn. I hope the government is more concerned with small communities in making decisions to deal with the current pandemic After all, the lock down solution is not the best and most appropriate

Most governments are doing their best, I'll count them with that but it's inevitable that there are handful of part of those governments that are also taking advantage of it.
Instead of focusing in helping to make the prices of food lower through subsidy, they're filling their pockets instead. This is not a secret for most countries.

dark1234

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Until now, it seems that the impact is very significant for the workers and middle to lower businesses so that with the addition of rising food commodities, they fall into a high economic downturn. I hope the government is more concerned with small communities in making decisions to deal with the current pandemic After all, the lock down solution is not the best and most appropriate

milewilda

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Quote from: boled on August 18, 2021, 04:50:29 PM

Hopefully, this disaster passes quickly and we can get through it safely. Stay healthy and respect each other. Try to always have positive thoughts, because if we think too much about current conditions, then we will be more stressed, when our stress levels are higher, then this will also affect the body's immunity, making us more vulnerable to attacks by many diseases, including cov19. As long as we are healthy and take care of each other, I believe the economic condition will improve.

Deal with the reality and stick out into your plans and be relaxed even though the situation or the current events or happenings on the world is something that cant just be ignored.
Even if this pandemic didnt really happen but still it would really be stopped on making those goods or needs to increase their price as per years going then this is something that can really
be a shocking thing. Food becomes expensive and so as with other supplies since everything do really increased in price which its understandable that they would do such thing too.
Business is business and its normal that they would really need to compensate.

boled

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Hopefully, this disaster passes quickly and we can get through it safely. Stay healthy and respect each other. Try to always have positive thoughts, because if we think too much about current conditions, then we will be more stressed, when our stress levels are higher, then this will also affect the body's immunity, making us more vulnerable to attacks by many diseases, including cov19. As long as we are healthy and take care of each other, I believe the economic condition will improve.

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