Post
Topic
Board Economics
Re: Food prices doubled this year
by
Smartprofit
on 19/11/2020, 11:37:15 UTC
When i have time i go to local market to check prices

Vegetable prices doubled
Fruit prices doubled
Meat prices around 30% increase
Grain products around 20% increase
...

And my country  is a exporter of food products

How is it in your country ? Same ?


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My country is Romania

https://www.bloomberg.com/news/articles/2020-04-10/food-supply-fears-are-growing-as-romania-bans-grain-exports

We tried to ban exports of grain ,but stupid EU intervened...

Prices are rising both in Ukraine and in Russia.  Simultaneously with the rise in prices and the fall in incomes, the expenses of people are also reduced.  This is a consequence of the Covid-19 pandemic. 

People do not travel, do not go to visit, do not dine in cafes and restaurants. 

Worst of all, most people will no longer be able to return to their old way of life when the pandemic is over.  Their real incomes have plummeted.  The middle class has been destroyed all over the planet.  Most people are poor now.