Negotiation
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September 09, 2023, 05:22:12 AM |
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Over the past few years there has been a lot of discontent over the rise in food prices and in recent months low and middle income people are struggling to cope with the increase in the price of daily essential food products. Prices of rice and pulses are high and food inflation has increased due to increase in fuel and fertilizer prices as well as increased supply of several commodities in the global market. Climate change has also had a significant impact resulting in extreme droughts and unprecedented floods in Europe in recent months. Inflation will pick up again by the end of this year and may be around 5 percent in december and the price of processed food can reach the highest level.
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gabbie2010
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September 09, 2023, 06:27:56 AM |
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Since August in my country, the price of food, especially food staples such as wheat, rice and others, has experienced a very high price increase. This was apparently caused by the ongoing drought. But I was wondering if this only happened in my country or in your country too?
We are also experiencing similar scenario in my country too, though the high inflation rate could be attributed to increase in the price of Petroleum products eg petrol, Diesel and Gas following the removal of fuel subsidy by the new government consequently resulted to high cost of food stuffs especially the staple food such as rice, bread etc, manufacturers of food products are not left out because of high cost of production, in a related development with regard to the high cost of rice in my country was linked to insecurity in some farm after some farmers complained of kidnapping by some bandits who usually collect ransom before they are released thus prompted alot of them to quit farming.
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dothebeats
Legendary
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Merit: 1352
Cashback 15%
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September 09, 2023, 09:32:22 AM |
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Since August in my country, the price of food, especially food staples such as wheat, rice and others, has experienced a very high price increase. This was apparently caused by the ongoing drought. But I was wondering if this only happened in my country or in your country too?
We are also experiencing similar scenario in my country too, though the high inflation rate could be attributed to increase in the price of Petroleum products eg petrol, Diesel and Gas following the removal of fuel subsidy by the new government consequently resulted to high cost of food stuffs especially the staple food such as rice, bread etc, manufacturers of food products are not left out because of high cost of production, in a related development with regard to the high cost of rice in my country was linked to insecurity in some farm after some farmers complained of kidnapping by some bandits who usually collect ransom before they are released thus prompted alot of them to quit farming. I cannot believe that such a thing can actually happen. It seems like it was just possible in the movies or stories we tell our kids about bandits who collects ransoms and kidnaps farmers for money, however it really is happening in real life and is affecting our source of food as it obviously causes fear for farmers, so much so that they are willing to give their source of living.
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bestcoins1
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September 09, 2023, 10:51:23 AM |
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Here in our country, products are very expensive, what used to be a kilo of chicken here was 3 dollars per kilo before, now it is 3.7 dollars in the market or grocery, and the price of vegetables has also increased. All consumers are price-sensitive. As time passes, the price of goods always goes up and never goes down. So it will be very difficult to survive if we don't find a way to find another way to earn money. There can't be only one source of income, instead, we should have at least three sources of income so that we can somehow survive.
This condition of increasing prices of goods has also led to an increase in transportation costs in all aspects so that it is time for daily workers or laborers to ask their bosses for a salary increase. Because without an increase in salary for the work they do, it will be quite difficult for them to face the increase in prices of goods in life and besides that looking for another job is also not so easy now so everyone has to focus more on the amount of income from their main job even though looking for additional work too be the best option in current conditions.
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Z_MBFM
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September 09, 2023, 12:24:05 PM |
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Here in India, ever since the NDA government came to power food prices had remained under control. However, for the last few months the prices of vegetables have shot up. Tomato used to cost $0.30 to $0.50 per kg, but the prices suddenly went up to $2.50 per kg. The government response was very lax, and therefore the hoarders got opportunity to indulge in black-marketing. And it is not just tomato. The price of other vegetables, as well as that of other staples such as wheat flour, sunflower oil and sugar has also gone up.
I am a citizen of Bangladesh where food prices are increasing so much that it is becoming very difficult for middle class family members to eat three meals properly. On paper and in calculations the unemployment rate in this country is only 4.70% which does not seem very high. But here a person's monthly salary is $60-$600. a typical job earner earns only $60-$200 whereas a small household costs $200-$300+ a month to run. Beef is priced at $6.5 per kg, mutton at $7.8 per kg, and good rice prices are around $1+ per kg. It is very difficult to eat three meals properly with the income here
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bhadz
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September 09, 2023, 12:34:12 PM |
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I am a citizen of Bangladesh where food prices are increasing so much that it is becoming very difficult for middle class family members to eat three meals properly. On paper and in calculations the unemployment rate in this country is only 4.70% which does not seem very high. But here a person's monthly salary is $60-$600. a typical job earner earns only $60-$200 whereas a small household costs $200-$300+ a month to run. Beef is priced at $6.5 per kg, mutton at $7.8 per kg, and good rice prices are around $1+ per kg. It is very difficult to eat three meals properly with the income here
The same in my country, the poorest of the poor and as well as the middle class are having hard time dealing with the food prices now. At least for the middle class family, they're much better in state than of the poorest of the poor and a bit higher than of those. Well, like your country, our country is a rice eating country and that's our staple food. But the problem lies with our food security so, the prices have gone higher and there's no solution yet that's being done but yet proposed and taken action like importing more rice and other food necessities. But I don't think that will eradicate the problem as there are a lot of hoarders and cartels that have been stocking rice. And the same with the salary of an average person coming from below minimum up to average, it's truly hard to budget that but we're great on this one which is a sad thing if we'll try to understand the situation.
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leonair
Sr. Member
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September 09, 2023, 04:15:48 PM |
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Here in India, ever since the NDA government came to power food prices had remained under control. However, for the last few months the prices of vegetables have shot up. Tomato used to cost $0.30 to $0.50 per kg, but the prices suddenly went up to $2.50 per kg. The government response was very lax, and therefore the hoarders got opportunity to indulge in black-marketing. And it is not just tomato. The price of other vegetables, as well as that of other staples such as wheat flour, sunflower oil and sugar has also gone up.
I am a citizen of Bangladesh where food prices are increasing so much that it is becoming very difficult for middle class family members to eat three meals properly. On paper and in calculations the unemployment rate in this country is only 4.70% which does not seem very high. But here a person's monthly salary is $60-$600. a typical job earner earns only $60-$200 whereas a small household costs $200-$300+ a month to run. Beef is priced at $6.5 per kg, mutton at $7.8 per kg, and good rice prices are around $1+ per kg. It is very difficult to eat three meals properly with the income here Such a situation prevails in most countries of the world. Food, gas, electricity are increasing at such a rate that they are now beyond the reach of people. The government is working hard to overcome these crises but the market is booming as the production rate is low and the consumer volume is high. Day by day the population is increasing in every country because the birth rate is higher than the death rate. And because of this, the land is slowly decreasing to provide housing for everyone, due to which the production is decreasing. And the price of food products is constantly increasing
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8rch7
Sr. Member
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Activity: 1344
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Vave.com - Crypto Casino
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September 09, 2023, 05:49:43 PM Merited by fillippone (1) |
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Currently, it is quite difficult moment to face several price increases for basic necessities ranging from food, education, even all household necessities have experienced quite drastic price increases. However, on the one hand, the income or salary we get has not increased at all and difficult situations have made us smarter in managing our finances so that they remain stable and sufficient to meet our daily needs. Its have been happened in my country last several months, we are facing difficult situation with one position have more expenditure than our income from working. Our government can't working well how to manage with food or rice keep in the stable price and they are not serious how to make their people earn much expenditure based on current economic condition.
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Lida93
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September 09, 2023, 06:09:26 PM Merited by Mr.right85 (1) |
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Here in our country, products are very expensive, what used to be a kilo of chicken here was 3 dollars per kilo before, now it is 3.7 dollars in the market or grocery, and the price of vegetables has also increased. All consumers are price-sensitive. As time passes, the price of goods always goes up and never goes down. So it will be very difficult to survive if we don't find a way to find another way to earn money. There can't be only one source of income, instead, we should have at least three sources of income so that we can somehow survive.
This condition of increasing prices of goods has also led to an increase in transportation costs in all aspects so that it is time for daily workers or laborers to ask their bosses for a salary increase. Because without an increase in salary for the work they do, it will be quite difficult for them to face the increase in prices of goods in life and besides that looking for another job is also not so easy now so everyone has to focus more on the amount of income from their main job even though looking for additional work too be the best option in current conditions. I use to bethink of these high cost of goods and services as something that is residual only in my country and those of our neighbouring countries but reading comments of other members giving account of the state of price of goods and services in their own countries I now understand that it's a general economic crisis faced in all parts of the globe. Just that the severity of the conditions of things differs. In my country we are not only battling with high costs of foodstuffs in the market but with insecurity razed by the insurgency emerging out of agitation for self-determination by some groups in the country and with the increased in PMS months again ago it has compounded the situation severely that those that are still able to afford 3 square healthy meal a day are very few. And it got me wondering where the world is heading to
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m2017
Legendary
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keep walking, Johnnie
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September 09, 2023, 06:30:38 PM |
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~snip
Increasing prices for goods and services is a completely normal phenomenon. More money is printed, which means its purchasing power falls, which is expressed in inflation. It’s time to get used to this in a world of money with endless emission. Any problems in agriculture or food production will directly affect the increase in prices if it creates a shortage. Such is the market: less supply - more demand - higher prices. In my country, prices have increased over the last month (increasing a little every month), as well as utilities (a noticeable increase over a long period of time)). People will always complain about the current economy. It's unavoidable. This is not the only case in your country. This is my answer, if it makes you feel better about your country's economy.
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Antotena
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September 09, 2023, 08:21:19 PM |
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Over the past few years there has been a lot of discontent over the rise in food prices and in recent months low and middle income people are struggling to cope with the increase in the price of daily essential food products. Prices of rice and pulses are high and food inflation has increased due to increase in fuel and fertilizer prices as well as increased supply of several commodities in the global market. Climate change has also had a significant impact resulting in extreme droughts and unprecedented floods in Europe in recent months. Inflation will pick up again by the end of this year and may be around 5 percent in december and the price of processed food can reach the highest level.
What worries me more is what fast food are doing. They have increased the price of their menu and reduced quantity. I thought the increase price was supposed to compensate for the general rise of things but cutting down quantity and quality is a red flag. If people are ready to adjust to price hike, then we should have something flood enough to make the stomach satisfied, nothing good in spending money with out satisfaction. With the way price of food has increased, people has forgone many alternative but I hope government can as well increased minimum wages, my country needs it because the wages and salary they pay is way below what can satisfy ordinary man.
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Betwrong
Legendary
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I stand with Ukraine.
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September 10, 2023, 08:20:15 AM |
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~
~ When we talk about buying some cheap products especially during there harvest seasons, the question is always about preservation. Still, people associate quality to price as you often don’t find the best quality cheap and this have driven the price of certain products to an insane price. It’s a sad reality but, we often play by these rules eventually. It's true that normally cheap products are of worse quality too, but it's not always like that. Especially during harvest seasons you can buy a very good quality food for a cheap price. You just have to be careful when buying food. No need to eat food of a bad quality because you are poor. On small local markets there's almost always something similar to what you can find only in gourmet stores in Zurich only it costs 10-20 times cheaper.
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Fakhrulenclix
Sr. Member
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Activity: 1638
Merit: 330
★Bitvest.io★ Play Plinko or Invest!
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September 10, 2023, 08:58:51 AM |
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Over the past few years there has been a lot of discontent over the rise in food prices and in recent months low and middle income people are struggling to cope with the increase in the price of daily essential food products. Prices of rice and pulses are high and food inflation has increased due to increase in fuel and fertilizer prices as well as increased supply of several commodities in the global market. Climate change has also had a significant impact resulting in extreme droughts and unprecedented floods in Europe in recent months. Inflation will pick up again by the end of this year and may be around 5 percent in december and the price of processed food can reach the highest level.
What worries me more is what fast food are doing. They have increased the price of their menu and reduced quantity. I thought the increase price was supposed to compensate for the general rise of things but cutting down quantity and quality is a red flag. If people are ready to adjust to price hike, then we should have something flood enough to make the stomach satisfied, nothing good in spending money with out satisfaction. With the way price of food has increased, people has forgone many alternative but I hope government can as well increased minimum wages, my country needs it because the wages and salary they pay is way below what can satisfy ordinary man. The increase in fast food prices is also due to the increase in food ingredients, so this is very influential because it is impossible for companies not to make a profit there. The increase in food supplies is almost the same throughout the world because it affects inflation, currency depreciation and also several other factors that cannot be avoided even for agricultural countries. And increasing minimum wages and purchasing prices for farmers has an influence on the government of a country and it depends on the policy of a country to do so.
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xSkylarx
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September 10, 2023, 11:30:15 AM |
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~ When we talk about buying some cheap products especially during there harvest seasons, the question is always about preservation. Still, people associate quality to price as you often don’t find the best quality cheap and this have driven the price of certain products to an insane price. It’s a sad reality but, we often play by these rules eventually. It's true that normally cheap products are of worse quality too, but it's not always like that. Especially during harvest seasons you can buy a very good quality food for a cheap price. You just have to be careful when buying food. No need to eat food of a bad quality because you are poor. On small local markets there's almost always something similar to what you can find only in gourmet stores in Zurich only it costs 10-20 times cheaper. If you are residing near the country side, then there is a farmers market where you can buy cheap and fresh goods, but if you are in the metro area, that is really the problem, as everything is expensive and there are times that the cheap is of bad quality, but others are also when it is too late in the night and only a few people are buying fresh foods, and others tend to lower their price so that their goods are already sold and they can go home. It is really lucky if you have a backyard or an open area where you can make it a garden and plant foods in there because it can save you money, you can use it, it is fresh, and for sure it is safe as it is all organic and no pesticide was sprayed on it.
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Marvell1
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September 10, 2023, 12:03:21 PM |
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Over the past few years there has been a lot of discontent over the rise in food prices and in recent months low and middle income people are struggling to cope with the increase in the price of daily essential food products. Prices of rice and pulses are high and food inflation has increased due to increase in fuel and fertilizer prices as well as increased supply of several commodities in the global market. Climate change has also had a significant impact resulting in extreme droughts and unprecedented floods in Europe in recent months. Inflation will pick up again by the end of this year and may be around 5 percent in december and the price of processed food can reach the highest level.
What worries me more is what fast food are doing. They have increased the price of their menu and reduced quantity. I thought the increase price was supposed to compensate for the general rise of things but cutting down quantity and quality is a red flag. If people are ready to adjust to price hike, then we should have something flood enough to make the stomach satisfied, nothing good in spending money with out satisfaction. With the way price of food has increased, people has forgone many alternative but I hope government can as well increased minimum wages, my country needs it because the wages and salary they pay is way below what can satisfy ordinary man. The increase in fast food prices is also due to the increase in food ingredients, so this is very influential because it is impossible for companies not to make a profit there. The increase in food supplies is almost the same throughout the world because it affects inflation, currency depreciation and also several other factors that cannot be avoided even for agricultural countries. And increasing minimum wages and purchasing prices for farmers has an influence on the government of a country and it depends on the policy of a country to do so. Food prices are rising due to the effects of many uncertainties, and it is happening all over the world. But there are different levels of impact because each country's income is not the same. I think raising wages is not easy because it means the Government has to print more money while imports and exports remain unchanged, which causes inflation to get out of control. I think the government has a reason not to raise wages suddenly and only because of rising prices.
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STT
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September 10, 2023, 11:59:03 PM |
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Food prices will increase inline with oil pretty much, that would be one of the easiest ways to tell inflation in pricing is likely to continue. Also fertilizer is another price to follow for cost of production but as I understand it food prices are rising because cost to produce is rising. Generally the world is demanding more refined foods and a greater amount of meat means more demand for food to feed live stock, enough factors for prices to rise over a decade and thats what I expect.
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Bd officer
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September 11, 2023, 05:16:27 AM |
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But I was wondering if this only happened in my country or in your country too?
We are in the same situation as your country. Our country is a seasonal country, there are different types of crops in this country. However, due to excessive drought this year, crop production has not been good. Food prices have increased tremendously in the present time. Where I live a day laborer can earn $5 a day. 1 kg of onion is about $0.80, 2 kg of rice is about $2, 1 kg of fish is about $1.5, vegetables etc. are about $2. Even if a day laborer earns $5, it is very difficult to buy a day's worth of food with that money. Most of the middle class families live in our country. In the present time in our country the rising cost of goods has made it difficult for the middle class poor families to live.
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gunhell16
Sr. Member
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Crypto Swap Exchange
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September 11, 2023, 06:55:34 AM |
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Over the past few years there has been a lot of discontent over the rise in food prices and in recent months low and middle income people are struggling to cope with the increase in the price of daily essential food products. Prices of rice and pulses are high and food inflation has increased due to increase in fuel and fertilizer prices as well as increased supply of several commodities in the global market. Climate change has also had a significant impact resulting in extreme droughts and unprecedented floods in Europe in recent months. Inflation will pick up again by the end of this year and may be around 5 percent in december and the price of processed food can reach the highest level.
What worries me more is what fast food are doing. They have increased the price of their menu and reduced quantity. I thought the increase price was supposed to compensate for the general rise of things but cutting down quantity and quality is a red flag. If people are ready to adjust to price hike, then we should have something flood enough to make the stomach satisfied, nothing good in spending money with out satisfaction. With the way price of food has increased, people has forgone many alternative but I hope government can as well increased minimum wages, my country needs it because the wages and salary they pay is way below what can satisfy ordinary man. If the price is already expensive outside of fast food, then the product inside fast food chains is even more expensive. Because the ingredients they buy outside or at the grocery store are already expensive. That's why now I don't eat much fast food because I know that the price has increased. Even if we say that we are ready to adjust to the price increases, we will still have difficulties, and it will really hurt our pockets. It is still difficult to budget if our daily or weekly income is correct. this. So the only real solution in these situations is to find or add another source of income so that we can still have extra money somehow.
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BitcoinTurk
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September 11, 2023, 08:06:11 AM |
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Although the inflation rate has increased abnormally in some countries recently, we observe that there is an increase in prices in all countries of the world especially in food products. If I need to comment on the region I live in although the inflation rate announced here is shown as low but there are serious price increases in many food products. Basic food products have generally increased at an abnormal rate of 50% and this rate has reached much higher levels in some products. In the same way I wonder if this is the case in many other countries whose inflation rate is not declared as very high.
I wonder how long these increases will continue especially considering the fact that there has been a very serious increase in the last two years in the country where I live. As I see that I pay more for the same or similar products with each grocery purchase it becomes very difficult to predict how long this situation can continue.
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Mame89
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September 11, 2023, 02:11:57 PM |
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Here in our country, products are very expensive, what used to be a kilo of chicken here was 3 dollars per kilo before, now it is 3.7 dollars in the market or grocery, and the price of vegetables has also increased. All consumers are price-sensitive. As time passes, the price of goods always goes up and never goes down. So it will be very difficult to survive if we don't find a way to find another way to earn money. There can't be only one source of income, instead, we should have at least three sources of income so that we can somehow survive.
This increase in food prices has certainly hit the middle and lower classes, especially those with low salaries, and this has made us all aware to be careful in spending money. It's very true as you said, just one income is not enough, we have to look for additional income, we have to be able to make money from other businesses, not just from salaries as employees. Maybe one of them is that we can earn extra money by investing, if we have mastered it. That's where maybe we can be helped by starting to instill minimalist living. So you no longer buy things you don't need, and the funds you usually use for shopping don't need to be allocated to additional funds for daily needs. In conditions like these, we have to be smart and have to become more skilled in managing finances, especially we have to learn about investing.
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