will food prices go down if recession ends in few years , or here to stay ?

[goldenbolls]

hi all im new here, i have noticed massive increases in food prices also our gas company have sent me a letter saying that gas prices will go up by 24 % from 1st june. are we going to be stuck in this situation for the long term or is it a short term thing untill the uk starts getting on its feet again, its depressing !! i think we have had it good for too long now.

[samak]

Unlikely. As demand increases with the end of recession, prices are more likely to go up, all other things being equal.

[buildersmate]

The cost of basic commodities such as food and energy are driven by global demand versus supply. With large populations such as those of China and India becoming more consumer-orientated, the upward pressure of prices of such commodities is likely to continue. As a nation, we are just going to have to get used to spending more of our individual income on food and energy.
Gas consumers have had it lucky until now - those not fortunate to be able to use gas and relient on oil are now paying 50% more than a year ago. Newspapers and politicians don't give a stuff about making a big noise about it because only a minority are impacted.

[dzug2]

Quite the opposite - the recession is holding prices down

[goldenbolls]

makes me wonder where we are going to be in 4 years time when the government said the crisis will be over, then what ?????????