Post
Topic
Board Economics
Re: The trend of prices is still upward, any hope for downward?
by
Shenzou
on 23/06/2021, 18:16:10 UTC
COVID 19 enriched majorities while the minorities suffer.
The current increament in the cost of commodities in the market is alarming bad yet the majorities who are representative of the minorities (politicians) seem to pay less concerned.
This increament before now was tag to be as a result of Covid 19 which interrupted importation and exportation of good and services.
It is expected that with the decrease in the Covid 19 spread I thought their will be a corresponding decrease in prices of price the reverse is the case.
My question remains is their any hope for price decrement.
I think that the prices increasing due to Covid is a sensitive subject, because sure we can blame some industry not having enough supply due to the pandemic is a logical thing, but in other some i think that they are riding the wave and just blaming it on the covid, to artificially create scarcity to increase demand while also decreasing supply by doing less manufacturing in order to increase prices to pump their numbers in terms of profit, so i seriously expect this situation to go on for another year or two at least until the whole covid thing dies down.