Topic: Food prices doubled this year - page 5. (Read 6688 times)

Shipping fees are really becoming very expensive due to the problem of shipping between countries, even in a country that is facing many difficulties due to the risk of spreading the pandemic as well as the lack of businesses that accept these products, once the sources of goods were frozen and such delays, the original value remained the same but shipping costs included, all of which became more expensive than ever. Food is a key commodity but cannot escape such danger, the policies of many governments are not good in this regard and there is too much lack of balance between psychosocial and price.

The instances are the same in my country but on a weekly basis, just know that if you go to the market to get your foodstuff and any other materials and at some point, you could not get all just know that when next you are going for that same products it would have increased.

Same here in our country, the prices of all fruits, vegetable, rice, meat products, fish are all increases. Not only foods but also transportation fare. It was because of the pandemic. The supply of foods are becoming limited because some establishment and supplier halt their operations. And also the passenger are limited because not anyone can go out or there's a limitation on how many passengers that a bus can take that leads to high transpo fare.

especially in the current situation, where the pandemic is still ongoing, so that agricultural productivity cannot run properly, even affecting almost all fields of work. while the need for food continues to rise. Therefore, it is not surprising that the price will continue to rise, until the government finds a solution for it

It is very normal for these changes to occur, if only the USA, which is considered the country with the most economic stability, its own citizens say that they no longer buy the same food with 100USD, more than 10 years ago they bought many more things with those 100USD, and It is logical the USA has inflation, but it is not noticeable like other countries, of course there are countries where their economy is crazy, such is the case of Venezuela, which have changed the monetary cone many times, because inflation is at an incalculable level Obviously the economy is so out of control that they don't even like to handle the local currency, only the dollar, and even so the dollar puts inflation on it, because food tends to go up in price in dollars, most people only worry about obtaining money to eat, other things like clothes, going on a trip, those are luxuries that only the richest can afford.

Under the impact of the economic recession and the subsequent recovery, there was strong inflation. Not only food but also real estate and construction materials have skyrocketed in price. We are entering a new super cycle so everything is bullish.

Basically the price of food that changes when the pandemic comes, is triggered by the lifestyle conditions of its citizens. If only citizens are obedient and obedient to the government's policy to carry out a lockdown, then assistance from the government will be channeled to the maximum and indeed price increases will occur.
If citizens do not comply with the lockdown regulations, it is likely that the price of food will not change, this is because activities are not restricted and are still running normally like there was no pandemic. But the risk of the spread of covid will be higher than citizens who obey the lockdown regulations.

Can you mention the country you are residing in? When I see posts like this, it is very difficult to make out what is happening. Because there can be several factors behind this 2x rise in the prices. It can be due to the devaluation of local currency, due to blockades and embargoes, or even due to political upheavals. Here in Singapore, the food prices have remained largely flat for the last 5-6 years. My relatives in India are also saying the same. But I have heard from my friends in other countries that they are witnessing an increase in food prices.

Yeah, that's crazy; our country's food prices have risen by 100%, making it extremely difficult to buy food these days due to the pandemic. Because of the unemployed and closed businesses, inflation has been rising since the pandemic. Food demand is also increasing. Also, in terms of food transportation, it takes weeks for food to arrive, resulting in an inability to meet the demand of the people.

The disasters seem to be escalating as predicted. There are people in denial.   You could compare them to blind people in ship heading for destruction who choose to live in denial rather than working out ways to escape from the disaster.  Worst of all, they are actively preventing other people in the ship from protecting themselves from the disasters

OP, we have a similar situation here in my country too but I do believe that with time things will normalize for good. Most times in my country what usually influence prices of food items to increase is when there is an increase in the price of fuel (PMS) at the filling station, all food related items will skyrocket because that will lead high cost of transportation of food items but that is not the case at this time. Although, many people attributed to this high cost of food items to Covid-19 movement restriction which has led to low production of food last year.

Romania's headline inflation advanced by 0.5pp in May, to 3.75% from 3.24% in April - gaining momentum from the 0.2pp advance seen in the month before.

The figures exceeded expectations (3.57% Bloomberg poll), and another shock is expected in July when the electricity and natural gas prices will further rise. Food prices may also contribute given the global developments.

Analysts revised upward their forecast for year-end inflation, but the expectations for refinancing rate hike in the near term are still marginal "as long as fiscal consolidation continues" and the liquidity control instruments remain effective.

"Inflation in Romania is becoming a quite serious issue. Looking ahead, inflation will remain above 4% starting in the second half of this year and could even touch the level of 5% in the last quarter," says Valentin Tataru, chief economist of ING Romania, quoted by Profit.ro. The Dutch bank now projects year-end inflation of 4.7%, compared to 4.3% as previously estimated.

Ciprian Dascălu, BCR Bank chief economist, says that the figures for June "are essential for the evolution of short-term inflation" due to the expected utility price increases. BCR increased its forecast for the end of the year from 4.3% to 4.5%.

Banca Transilvania, which provides a forecast only for the harmonized EU consumer price index, has increased its estimate for this year from 2.6% to 2.9%.

At this moment, the HIPC inflation in May rose to 3.2% YoY from 2.7% YoY in April. The food prices increased by only 1.5% in Romania as of May in annual terms, but the 1.1% monthly advance (against the seasonal pattern) was mainly responsible for the largest part of the momentum the overall inflation gained in the month compared to April.

In contrast, the non-food prices and the fees paid for services advanced more moderately by only 0.27-0.28% in May, compared to April.

Returning to annual terms, the main drivers for the 3.75% inflation were the energy prices (electricity, fuel) and the higher tobacco excises. Thus, the fuel and electricity prices increased by 11% and 17%, respectively, contributing 1pp and 0.8pp respectively - meaning nearly half of the headline 3.75% inflation. Higher tobacco excises resulted in 7% higher tobacco prices and contributed 0.46pp to the overall inflation.

Lets admit that not only this pandemic are causing this all because remember that we are also having a natural calamity and changes in weather in which will add to the rising of prices specially in food industries where live and fresh product is being offered.
like in m country where the price of meats(specially fork meat) is really making an outstanding increase in prices where veggies are also taking part.
so more or less the effect will come from here and there.

Economic activity has slowed down, since the people are not stepping out of their homes. Even in countries such as US and UK, where the vast majority has been vaccinated till now, the Delta variant is causing huge number of deaths. That means that the businesses can't hope for a recovery anytime soon. If even the vaccinated people are getting infected, then there is no reason to return to our normal routine in a hurry. As such, the pandemic hasn't affected the food production. It is the logistics that is getting impacted.

some product price grow just a little bit. but, some stuff that import from the other country will stuck for a month cause of pandemic, and when they arrive the price raise 70-80%. so, small producer will give up to continue their operation. home industry collapse little by little. its hard to raise the price when consumer dont have enough wealth to protect their life.

That's true.

It has resulted to inflation when there's a continuous print of money but the governments cannot do anything with that. This is all due to the covid-19 pandemic and that's the response that they have to do.

Sadly, people that are in and under the poverty line suffers the result.

it is true that food prices are currently still experiencing an increase due to the lockdown itself which makes the supply come late, causing an increase due to the food scarcity.
but if you look at it I think it's too crazy to increase in your country because it's already 400% increase and that's a very hefty price for just a bunch of spinach

I see a little increase in goods prices, but more and more often I notice that several products disappear from stores. I see that local food manufactures has almost disappeared and that worries me a lot. Retail chain products and popular brands stay, but my local brands are barely breathing, and small manufactures are dead. I think this is due to “shops closed during lockdown” and “must be vaccinates to go to work” issues.

same with my country , all go up sometimes even unreasonable , once the price of 1 bunch of spinach 0.8$ ordinary 0.2$
maybe one of the effects of the pandemic and the prolonged lockdown in my country and insufficient food stocks in some places. Food transportation from agricultural or production companies is hampered to distribute stock efect prom lockdown

4%? I don't think so. Crude oil was trading at $48 per barrel at the start of this year. And a few weeks back, it had climbed to $75 per barrel. Oil importing nations are witnessing a rise in Consumer Price Index (CPI) without any exception. But these countries should blame themselves first. Very few of them accumulated oil, when it was trading at $35-$40 per barrel last year. Even major oil importers like India failed to increase their crude oil reserves significantly. Now the common people are paying for the mistakes of the government.