We all know that with the outbreak of the epidemic, many countries stopped their trading activities, while the lack of manpower and capital saw many suppliers go out of business. For a variety of reasons, the number of people growing, producing, manufacturing and supplying these commodities decreased, usually resulting in a decrease in supply without a decrease in the number of consumers, so supply and demand became even more unbalanced. In order to get the commodities, we must be willing to pay higher prices, so prices go up.
Also, some goods become more expensive because of changes in government policy. For example, the government may impose high tariffs on imported goods, which can also make domestic goods more expensive, which can adversely affect exporters and domestic consumers. Government restrictions and regulations on pollutants may also cause firms to take measures to reduce emissions, which can increase production costs and raise prices. These policy changes are usually made in the public **** interest, but they can also put some financial pressure on consumers.
It's not just food, as the epidemic spreads, the prices of medical supplies are starting to rise too. Prices for products such as masks, disinfectant, and epidemic prevention supplies have risen more because the epidemic has caused our demand for these items to skyrocket. Suppliers and manufacturers have also begun to rapidly increase production and inventory as global demand increases.
In short, price increases are the result of a combination of factors. It will adversely affect the lives of many people, but we should take positive steps to adapt to the changes. Some people may choose to spend less and narrow down their purchases, while others will choose to focus more on reasonably priced goods.