Post
Topic
Board Economics
Re: Food prices doubled this year
by
ingiltere
on 18/11/2020, 19:54:06 UTC
Have you calculated “how much it will cost you to produce things, buy some machinary fro production, getting all testes and sertificates” vs “buying imported item”? Some times its is cheaper to buy already created item, then spend time creating by yourself.

Frankly, I dont feel that prices are doubled.

Some products are more than doubled but some are usual inflation rate which is ~30%.
Technological products got new tax for example. Regular person normally could buy a new Playstation when it arrives even with a minimum wage job but now nobody can touch a PS5, prices skyrocketed.
USD/TRY (Turkish Lira) parity also almost doubled. For that situation you'd expect more export and less import but it's not exactly working like that.