How Much Have Prices Increased in Your Place in the Last 15 years?
By Arya
@yoalldudes (35040)
Philippines
November 21, 2019 7:15pm CST
The transportation cost in my personal experience and estimate has tripled in our country. The cost of groceries have doubled. My fare from work which used to be 5pesos is now 18 pesos. My favorite snack has doubled in price. And especially rice which is our main staple, as well has fish has more than doubled.
11 people like this
10 responses
@amitkokiladitya (171935)
• Agra, India
22 Nov 19
Omg....they appear to be increasing day by day
2 people like this
@amitkokiladitya (171935)
• Agra, India
23 Nov 19
@yoalldudes yes ..hard to meet the expenses.
1 person likes this
@yoalldudes (35040)
• Philippines
23 Nov 19
I guess partly because of increase of VAT from 10 to 12% and inclusion of petroleum products in vatable goods.
2 people like this
@JohnRoberts (109857)
• Los Angeles, California
22 Nov 19
Everything is going up in price.
1 person likes this
@JustBhem (70555)
• Davao, Philippines
23 Nov 19
@yoalldudes It will surely get big.
1 person likes this
@yoalldudes (35040)
• Philippines
26 Nov 19
@JustBhem For sure. We got to keep grinding.
1 person likes this
@yoalldudes (35040)
• Philippines
23 Nov 19
That is true some are even triple. Think of what it would another 20 years from now. I'm just glad by then hopefully my daughter has graduated uni and has a good job.
2 people like this
@Acefun (1220)
• Malaysia
22 Nov 19
In general, the price of our goods and services do increase each year. In my opinion is due to large demand from the buyer and seller increase the price due to able to get more profit. This should be the rules of supply and demand.
In 2015, the goods and services tax (GST) imposed in our country while the sales and services tax (SST) was abolished. In this time, we saw a huge increased in all the goods and services as 6% was being deemed to a huge percentage on the purchase price by the consumer. We all suffered at that time.
Later on in 2018, GST again was being replaced by to the former SST while maintaining the 6%. Although some goods were being excluded from by the price did not reduced.
So you can imagine that once the price increase it never fall, except the demand drop significantly across all industry.
1 person likes this
@yoalldudes (35040)
• Philippines
23 Nov 19
That is true. Once it goes up. it doesn't come back right where it was despite lower costs. This is the same with transportation fare here.
1 person likes this
@Acefun (1220)
• Malaysia
24 Nov 19
@yoalldudes
Yes although the government did set maximum price for certain basic foods but still the price is based on the latest one.
@GreatMartin (23675)
• Ft. Lauderdale, Florida
23 Nov 19
I basically buy the same food items every Thursday and all items have gone up 10-15 cents except beef which has gone up $1-$3 a pound! And fish is now in the price range of better beef cuts!
Transportation costs have at least doubled!
@yoalldudes (35040)
• Philippines
23 Nov 19
It is sad how some people are overworked and underpaid especially in certain countries.
2 people like this
