Can commodities return to its price last year?

[xSkylarx]

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.

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[NeuroticFish]

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.

Inflation is always there. While the inflation will be reduced in the future, it will most probably not get reverted. So I think that the answer, from fiat perspective, is no.
Obviously, Bitcoin is meant to fix this.

[avikz]

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 don't see any reason for which the price of commodity will ever come down to previous level. Inflation is an integral part of the economy. When it goes beyond control, that's when the worry starts. Otherwise inflation is very normal. If inflation becomes zero, that's a sign of recession! So there's no way the price of commodity will ever come down to previous level ever. Some certain commodity may go down for some specific government policies, but it is impossible for the whole market to come down to previous level.

[Obito]

I don't know where you're from but I don't think a deflation or rollback in prices are going to be a possibility if your country becomes stable in terms of economy, either the value of your currency gets stronger against dollar or the minimum wages in the country gets much higher to be enough for someone to live a comfortable life and not just survive.

[Moneyprism]

commodity prices certainly won't be able to return to their previous prices due to inflation.. but if oil prices go down, along with transportation costs and production declines,, of course this will affect commodity prices and make prices more affordable,, but I think this will be difficult to achieve

[Doan9269]

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 not going to happen anytime soon, once a orice rises it is very difficult to biunce back to initial point, though it may slightly drop but not as exactly as before, note this, that whenever a country is notable with the running of such economy system, it may be hard for it to remain stable rather keep getting worst unless the government itself work it out by controlling the production outputs of the country GDP, man labour, employment, poverty reduction and other alleviation services from within which could help lessen the full dependencies on important materials from other countries thereby boosting their own economy from within through production.

[palle11]

This is an unfortunate situation that the world is suffering from currently and it is not only on your location or the country that you live so have that in your mind. Funny to your question, no way that things will go back to the way it was, you can't turn back the hands of time. This is what global inflation has caused because things are not stable any more, there are socio-political issues almost in every area those are challenges.

Will there be a time that will come where average earners like me won't be able to afford a basic life anymore.

There may not be a time like that if you keep to the pace of development and technological change. If you keep your eyes on the internet there will keep finding what to do to have services to offer.

[$anounimus$]

Rising global demand for food, crop damage by extreme weather events, and climate change mean that food prices are likely to rise for at least the next few years. In most cases, any news that affects the price of a commodity, for better or for worse, can have a major impact on the price of the commodity. The impact of monetary policy on these price trends varies. On the one hand, rising interest rates fueling inflation may also hurt commodity prices. In my opinion, it takes time for the commodity to return to its price if you look at the current situation.

The best way to protect yourself from these price swings is to create an emergency fund that you can rely on when the going gets tough. An emergency fund won't prevent you from buying food the day before payday, but it should be able to help you for some time.

[jackg]

I don't know where you're from but I don't think a deflation or rollback in prices are going to be a possibility if your country becomes stable in terms of economy, either the value of your currency gets stronger against dollar or the minimum wages in the country gets much higher to be enough for someone to live a comfortable life and not just survive.

I have had a similar thought to this. A lot of supermarkets have products they make a loss on to remain competitive with other supermarkets in the UK (especially things like milk and bread). I think the same thing will start to happen again later as cheaper products are found the replace what's currently around or people replace things that went up in price with other things.

A lot of the current pricing that went up is likely to be due to oil prices rising too which is something I'd expect to drop after a year or two.

Also depending on your country, your wages will probably rise (emerging economies) or inflation will probably drop or go negative (developed economies).

[Sanitough]

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.

Inflation is always there. While the inflation will be reduced in the future, it will most probably not get reverted. So I think that the answer, from fiat perspective, is no.
Obviously, Bitcoin is meant to fix this.

Inflation I think will stay for good, and so we should expect that the prices will increase more in the years to come. Government may create some ways to prevent this never ending price increase, but still we cannot expect for it to return to the price last year, but maybe the prices can be in controlled somehow. The reason why we should look for better option for fiat, and I think bitcoin is just right the time and the perfect answer to our problem.

[Hydrogen]

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 is definitely possible for commodities to return to previous year prices.

Think of it this way. There are regions of africa where the average monthly wage is around $700 per month. People there can afford to pay their bills and feed themselves, comfortably. At a fraction of the cost of living expenses abroad. If food can affordably be produced in developing nations, for a fraction of the price that americans and europeans pay for it in their home countries. Then there must be some wiggle room for food production being made more efficient. Due to food production costs being so much higher than the barebones baseline of developing nations.

Those in rural areas, might transition to fishing and hunting to reduce food costs.

Rising cost of food is a supply issue which can be solved by boosting production.

If everyone in the world started planting some type of food crop today. That could go a long way towards improving food sustainability for the future.

[AmoreJaz]

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.

Inflation is always there. While the inflation will be reduced in the future, it will most probably not get reverted. So I think that the answer, from fiat perspective, is no.
Obviously, Bitcoin is meant to fix this.

Inflation I think will stay for good, and so we should expect that the prices will increase more in the years to come. Government may create some ways to prevent this never ending price increase, but still we cannot expect for it to return to the price last year, but maybe the prices can be in controlled somehow. The reason why we should look for better option for fiat, and I think bitcoin is just right the time and the perfect answer to our problem.

this is the scenario that will likely happen, however, there's still possibility that some of the goods will go back or reduce its prices, depending on how your government will handle the situation. like for example the import and export of those goods, foods, and other things. or how they will develop the production of your agricultural products. if the harvest is too much for your country or your area, definitely, the price will decrease.
however, the more likely to happen is the increasing price of basic commodities as we are experiencing inflation.

[samcrypto]

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.

Price won't return to it's old value, and that is because of inflation. Yes it will continue to rise and no one can stop that, it's just that crisis are making things so fast and we are force to deal with such expensive necessities. We have to be more wise now on handling our finances, spend only on what's important and don't over spend. Commodities might go back to normal price but expect for the price to rise again eventually, imagine the old price of burger are now different and that is inflation.

[dark1234]

Along with inflation, the nominal fiat will get bigger and for food commodity prices it will be impossible to return to the previous price except for agricultural commodities which depend on supply.

everyone will get used to the price that is fixed over time and to meet our needs it takes effort for it, and the standard of living will always change according to the level of economic inflation of each country

[passwordnow]

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.

Possible but it has to start with the oil prices rolling back from where it was used to be before. Oil is like the indicator of the entire economy and whenever it goes up, everything is affected but it's also affected by some other commodities. Inflation is inevitable and we have to bear with it and think of things of dealing with it like more sources of income, living more with a frugal life and have a budgeting that you'll set and follow for you to have a tighter pocket and spending habits.

[Gyfts]

The answer is actually a bit more complicated than it might seem because the core of inflation is bifurcated with respect to supply and demand.

The war in Ukraine resulted in an artificial shortage of energy and subsequent supply that caused prices to go up because demand either remained stagnant or increased. Commodities predictably went up in price which caused the inflation rate in most European countries to increase given the increased price of goods. Presumably when the war ends, prices go down as supply increases and demand maintains itself to 2021 levels (pre-war).

However, the above analysis is predicated on demand remaining stagnant which you cannot assume. The COVID-19 related spending spree saw a demand increase because the money supply was injected with nothing more than a bunch of worthless paper. Essentially, the government saw it more prudent to keep economies shut and instead provide economic stimulation to the tune of trillions across Europe and the U.S combined. If money supply is increased, then demand will go up. Combine an increase in demand with a decrease in supply, then you get double digit inflation levels.

Only expect the the rate of price increases (aka inflation) to go down to the extent the supply shortages can correct itself post war. COVID-19 money printing demand increases cannot be controlled and will drive inflation. Don't anticipate the absolute prices to go down, of course. They never do.

[Darker45]

The thing with the rising of prices of goods and services during a crisis is that by the time things are going back to normal, the prices remain the same. Pre-pandemic prices of goods and services were relatively low. At the height of the pandemic, prices rose to new levels. Now that the new normal has taken over and the dust of COVID-19 has already settled down, the prices remain high. Although certain goods and services may have some little rollback in price, majority of them won't anymore adjust.

[palle11]

Now that the new normal has taken over and the dust of COVID-19 has already settled down, the prices remain high. Although certain goods and services may have some little rollback in price, majority of them won't anymore adjust.

I think the new normal can only be felt in the sense that the quarantine is no more and social distancing may have been reduced but restrictions of covid-19 are still there. You don't travel freely and the numbers of passengers are reduced to take care of contact and this is the beginning of the increase in prices.
To me the rollbacks are just not seen because the inflation is higher now in the last two years of covid-19 compared to the last 10 years back. The price of goods have increased like double of what it was.

[livingfree]

The thing with the rising of prices of goods and services during a crisis is that by the time things are going back to normal, the prices remain the same. Pre-pandemic prices of goods and services were relatively low. At the height of the pandemic, prices rose to new levels. Now that the new normal has taken over and the dust of COVID-19 has already settled down, the prices remain high. Although certain goods and services may have some little rollback in price, majority of them won't anymore adjust.

Well, that's the sad reality that have strucked me long time ago already. Even if things will go back to normal but when it's come to the price reduction of most goods and commodities, it's going to take time and businessmen are also taking advantage of it.

It's hard to reduce it back from what we've used to see and that's why, acceptance is the key on this and we have to move on and deal with the current situation.

Everyone has to deal with it and look at the situation, they've come to us altogether. Coming from pandemic, war crisis, food shortage, inflation, as in all of these crises have came together and we're still here surviving, thank goodness.

[Zlantann]

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.