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RE: The inflated café surprise

I can feel your pain there sir. It's becoming increasingly annoying and it's becoming a general thing. Having to pay $10 over what should have been the norm to having the quality narrowed down too. In Economics, an average consumer would want to derive maximum satisfaction from the goods or services enjoyed. It's no longer the case. Quality is reducing and prices keep soaring. They all blame it on prices of raw materials but we know it's all about excessive profit for them. Same with the unreasonable hotel I stayed at for the wedding.

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 3 years ago  

Inflation affects the price if everything from the fertilizer, fuel and fencing required to produce food (say, wheat) to the bread we buy at the end of the chain and everything in between. It's going to be a massive problem in the near future when things start running out; third world countries will be the worst affected. It's a big problem and goes deeper than bad eggs and toast that requires a chainsaw to cut. Many will suffer.

I absolutely agree with you on this. It doesn't bode well for the future especially underdeveloped or developing countries with struggling economies. It's scary because it doesn't look like things are getting any easier.

 3 years ago  

Things will get tough for many, especially in first-world/developed countries where they're not used to such hardships.

It's getting scary and real as the day goes by.