Have you never felt it? Because the recession has come for months already, prices surged up in the entire market while the economic system suffered lows. If you can take a look at the local and international news updates, you can really see that people are now suffering from the recession.
Yet, it is not actually a surprising event in the market, it was not the first time we have had this condition but, of course, this is not what we want to happen. However, whether we like it or not, things like this will come and we need to adjust in order to survive.