Post
Topic
Board Economics
Re: Food prices doubled this year
by
bryant.coleman
on 11/08/2021, 06:02:48 UTC
Yeah, that's crazy; our country's food prices have risen by 100%, making it extremely difficult to buy food these days due to the pandemic. Because of the unemployed and closed businesses, inflation has been rising since the pandemic. Food demand is also increasing. Also, in terms of food transportation, it takes weeks for food to arrive, resulting in an inability to meet the demand of the people.

Can you mention the country you are residing in? When I see posts like this, it is very difficult to make out what is happening. Because there can be several factors behind this 2x rise in the prices. It can be due to the devaluation of local currency, due to blockades and embargoes, or even due to political upheavals. Here in Singapore, the food prices have remained largely flat for the last 5-6 years. My relatives in India are also saying the same. But I have heard from my friends in other countries that they are witnessing an increase in food prices.