Prices Rising In Multiple Market Spaces

in #food3 years ago

Groceries are going to be getting more expensive for millions, toilet paper, beer, and other items in the market.
We have seen shortages of dozens of different items since last year, from toilet paper and sanitizer and masks, to home appliances, used cars, chicken wings, lumber, and ketchup packets.

In the coming weeks those prices are expected to start rising for several goods.
Some producers have already announced that they are going to raise their prices for goods like toilet paper and many expect that inflation will soon trickle into the market after the stimulus money-printing fest that we just went through.
Procter & Gamble, Coca-Cola, Kimberly-Clark etc, they are all increasing their prices for goods in the market. Some items that we can expect to see an increase in price include toilet paper, diapers, peanut butter, cereal, coffee, beer, wine, and other goods.

This is going to reduce the standard of living for millions by making it harder for them to get what they need and it also makes things harder for charity organizations as well to keep up with the skyrocketing demand they've been facing.

Homes are also seeing record prices right now, all around the U.S. from Texas to Florida and other regions. This demand has been fueling a real estate frenzy that is increasingly being referred to as a real estate bubble that is ready to pop. For some you might already be seeing these higher prices and for many market areas it is still just a matter of time before those prices rise.

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Oh dear...this is truly scary stuff. I thought the current inflation was a case peculiar to Nigeria but I guess other countries are experiencing this harsh ordeal. Seems like the end of the pandemic is the light at the end of the tunnel . Thanks for sharing anyways

it is common to any country with a central bank. The main difference with the US is that, for now at least, people "trust" the currency

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