Comment on Warning food prices are set to spike in the UK due to Iran war
Ja7sh_The_Donkey@piefed.social 1 day ago
will it go back to their normal price ever?
Food was horrifically underpriced before, as supermarkets fought price wars and drove many producers to ruin.
Brexit has hit farming hard and Britain no longer benefits from the singe market.
We’re in a very dry spell and the harvest will suffer greatly this year and for the foreseeable future until theres a very wet few years.
So no, prices aren’t going back.
The concept of “normal price” doesn’t make sense
That would mean negative inflation, which probably wouldn’t be great for the economy.
Yeah, negative inflation is a short-cut to economic collapse. Imagine if you knew a thing you wanted to buy would be 10% cheaper in a week and 25% in two weeks. Why would you buy anything today?
Denjin@feddit.uk 1 day ago
Things don’t go back to “normal prices”, prices will always go up (ideally) and your wages go up to balance.
The issues we’re facing at the moment is a pretty constant series of inflationary shocks and the controls governments and central banks have on trying to balance them tend to work on a much longer time scale resulting in sharp decreases in people’s spending power.
apotheotic@beehaw.org 1 day ago
Damn, seems like they keep forgetting this part