Yeah when the prices go up too high, people won't pay and will purchase from wholesale retailers or they will look for ways to save money, like buying flour and making bread, growing their own vegetables, etc. So at the end of the day shop owners, smaller retailers will have to cut their profit margins for the time being or throw away their stock. Their choice. I mean they've made large profit margins for years so what now they can't cut their margins for a few months ?
Realistically right now wheat prices are at an all time high, the prices have doubled from last year. Oil prices / natural gas prices are extremely high right now, which makes transport of these goods expensive as well. The Ukraine war is causing alot of these price increases and at the same time the Rial is also low right now which also doesn't help the situation in Iran.
In the future if wheat prices fall, global energy prices stabilize and if the Rial even fluctuates and goes up in value a little, all these things will help stabilize the prices of goods/food. This is really the worst time right now and it may get worse but eventually things should calm down. Even if there's a recession, how long will it last 6 months ? 1 year ? 2 years ?
Regardless over time prices should stabilize. The Ukraine war shouldn't last more than a few more months so hopefully after that things will calm things down. The problem with the west is that they want their cake and they want to eat it too. They are currently sanctioning 1/3rd of all humanity. That essentially means that they're avoiding doing business with 2.6 billion people. In essence they're sanctioning themselves. I don't know but to me it just seems like an unsustainable and counterintuitive policy.
I mean think about it they're currently sanctioning Venezuela, Iran and Russia. These nations have the largest, 4th and 8th largest oil reserves in the world. No wonder petrol prices are so high. It's not rocket science. They're already trying to work out a deal with Venezuela but Venezuela has limited production capacity. Iran on the other hand could quickly pump out an additional 1-2 million barrels per day if sanctions are removed.
Like Putin said recently, their policy amounts to economic suicide, but at the end of the day its their choice. If they want to shoot themselves in the foot, so be it.
Realistically right now wheat prices are at an all time high, the prices have doubled from last year. Oil prices / natural gas prices are extremely high right now, which makes transport of these goods expensive as well. The Ukraine war is causing alot of these price increases and at the same time the Rial is also low right now which also doesn't help the situation in Iran.
In the future if wheat prices fall, global energy prices stabilize and if the Rial even fluctuates and goes up in value a little, all these things will help stabilize the prices of goods/food. This is really the worst time right now and it may get worse but eventually things should calm down. Even if there's a recession, how long will it last 6 months ? 1 year ? 2 years ?
Regardless over time prices should stabilize. The Ukraine war shouldn't last more than a few more months so hopefully after that things will calm things down. The problem with the west is that they want their cake and they want to eat it too. They are currently sanctioning 1/3rd of all humanity. That essentially means that they're avoiding doing business with 2.6 billion people. In essence they're sanctioning themselves. I don't know but to me it just seems like an unsustainable and counterintuitive policy.
I mean think about it they're currently sanctioning Venezuela, Iran and Russia. These nations have the largest, 4th and 8th largest oil reserves in the world. No wonder petrol prices are so high. It's not rocket science. They're already trying to work out a deal with Venezuela but Venezuela has limited production capacity. Iran on the other hand could quickly pump out an additional 1-2 million barrels per day if sanctions are removed.
Like Putin said recently, their policy amounts to economic suicide, but at the end of the day its their choice. If they want to shoot themselves in the foot, so be it.
shop owners complaining at 18K toman for a 1 litre milk they don't have buyers .
I forgot chiken it went up from 40K to 60K then wen back to ~52K.