increased price on foodstuff
By lisa200803
@lisa200803 (10)
China
March 27, 2008 9:07pm CST
In recent months the price of many kind of commodities has been sharply rised, especially foodstuff,people around me always complained price of everything is going up, but the salary keeps unchanged,hehe. Yes, it also happened to me, especially when i buy food or vegetables on market, all rised obviously. I do not know why these days (it seems from the end of last year) price of everything in daily life is keeping rise, what factors make it happen?
I am wondering have you experienced it? how do you think? and does it have any influence on your daily life? so, pls share more with us.
1 person likes this
2 responses
@ssh123 (31073)
• India
28 Mar 08
A marginal increase in the prices of fuel (petrol) at international level trigger off increase in prices in all commodities, because it has a bearing indirectly on all product and services in every economy. Please keep in mind the prices continue to rise (unless for a temporary period when there is excess production, where the supply and demand plays a role).
Since the prices of petroleum products including petrol keep rising, the prices of all other goods and services keep increasing.
@lisa200803 (10)
• China
28 Mar 08
yeah, you are quite right. it is a key factor. The increasing price of petrol directly or indirectly cause the cost of all related industries go up, in fact in the beginning i do not believe this factor has this so powerful influence,but now it seems it does.
In addition,i think another main factor is the unbalance of supply and demand, if the supply is enough, the price could not rise so fast, but what cause the less supply for so many commodities?
1 person likes this
@lonely_f16 (2146)
• Philippines
28 Mar 08
No, i don't think that the salary will remain unchanged. There's this so called protection against workers COLA I think. I'm not sure but then when all commodities rise, then the salary will sooner or later follow. Inflation is really a troublesome event.
@lisa200803 (10)
• China
28 Mar 08
thanks for your comment. I do hope the salary will increase later, so my life will become better.hehe.
1 person likes this
