prices soaring - fuel/food etc

positivelymummy

thanks again posters, its good to get others opinions and experiences, although i've been through the 70's 80's 90's, i dont know what the economy was at as i was too busy being a teenager etc:rolleyes: i just really wondered if prices come down after going up. i remember my ex (who works in oil industry) moaning about oil only being $10 a barrel, that must have been about 1994 roughly.

disco23

Well with the price of grain, milk and fuel going up, i doubt it will come down at the same rate that it has gone up. Your larger supermarkets lie in the sense that they need to pass the brunt on to the customer. If these companies are making millions in a year they can definately come with the rise.

Milk rising was caused by the droughts in Australia/Russia etc causing poor yields forcing other areas of the world to charge over the odds. This has been the same for grain, so all products containing these ingredients will be affected sooner or later.

I dont see fuel coming down in price, but certainly levelling off. I'm sure i heard that most of the fuel companies had been buying up the rights to water/sucrose/whatever else powered vehicles, so they wont lose much more money. Dont know if there is any truth in this, but certainly gives interesting reading.

It depresses me being fairly young and knowing that the prices are increasing at a rate way beyond inflation. Cant be good for people heading towards retirement either. Looks like we're all going to have to cease buying as much in hope that the demand does go down causing prices to drop.