Inflation in food items | Discussion Bucks

Inflation in food items

U30BILLIONAIRES

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Apr 20, 2024
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By right inflation should not affect food items, it is because these items are what people cannot do without, they use it everyday and especially those people selling this food item make more money from it ranging from those that cook and sell like the food vendors those that process it and sell it and most of the products are planted and harvested in the country was that so why should a bag of rice of a back of Garri is about 120,000 naira
 
it is a lot bad in my own country as we are facing galloping inflation. The prices of things is over the top
 
I really don't have anything to say about the inflation in food prices. The problem is that most countries are not self sufficient and independent on food production. And that affects the food prices v
 
What is meant by inflation is that in general the prices of all goods increase during a certain period. So if the price of food items does not increase, it cannot be called inflation.
 
What is meant by inflation is that in general the prices of all goods increase during a certain period. So if the price of food items does not increase, it cannot be called inflation.
The thing is that the authorities should try to control the level of inflation on food items because it is essential commodities and would have a direct bearing on the common man.
 
The thing is that the authorities should try to control the level of inflation on food items because it is essential commodities and would have a direct bearing on the common man.
I agree with you, in any country, especially developing countries, it will make poor people even more miserable, usually this happens due to the government printing more money to fund large projects, it should be the central bank's job to control inflation.
 
Because they use it every day is the more reason why sellers today are increasing the price. The cost of transportation has increased, sellers need to transport to get these things they sell.
 
It has become very difficult for people to feed nowadays. The basic food items that used to be for poor men are now meant for rich people.
 
The cost of goods and services has gone up immensely, making it even more challenging for individuals living below the poverty line to make ends meet.
 
The prices are not going to reduce. They keep on soaring almost everyday. The inflation rate is extended and this worries the entire world.