Donate SIGN UP

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

Avatar Image
goldenbolls | 05:44 Sun 22nd May 2011 | Business & Finance
4 Answers
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.
Gravatar

Answers

1 to 4 of 4rss feed

Best Answer

No best answer has yet been selected by goldenbolls. Once a best answer has been selected, it will be shown here.

For more on marking an answer as the "Best Answer", please visit our FAQ.
Unlikely. As demand increases with the end of recession, prices are more likely to go up, all other things being equal.
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.
Quite the opposite - the recession is holding prices down
Question Author
makes me wonder where we are going to be in 4 years time when the government said the crisis will be over, then what ?????????

1 to 4 of 4rss feed

Do you know the answer?

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

Answer Question >>

Related Questions

Sorry, we can't find any related questions. Try using the search bar at the top of the page to search for some keywords, or choose a topic and submit your own question.