With the rise in pork prices, we can see how the purchasing power of money is declining.
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This post was last edited by Baoji Chaosheng Titanium Industry on 2019-8-31 at 11:17. Yesterday, I bought ribs at 25 yuan/kg in the market (located in Baoji, Shaanxi); just two weeks ago, the price was 16 yuan/kg, so there was a 56% increase in price over those two weeks. I haven’t done anything for these two weeks, and somehow your currency’s purchasing power has dropped by almost half. With the rise in pork prices, all costs in the food service industry have increased as well. The food service sector is subject to hard inflation, and once prices go up, they don’t go down again. I remember in 2005, on Hongzhuang Road in the southern suburbs of Xi’an, Shaanxi, there was a restaurant that served Shanxi-style knife-cut noodles. My classmates and I really liked eating there. Back in my first year of university, a bowl of noodles cost 2.5 yuan; the price increased once per semester. By 2009, it was 5 yuan per bowl, and as of 2019, it’s 14 yuan per bowl. It can be seen that over these 10 years, the increase in income has not even kept up with the rise in the price of a bowl of noodles. In other words, the purchasing power of the RMB is declining in certain aspects. This morning I went to Baotai’s cafeteria for breakfast; the prices of all the foods there – flatbreads, roujiamo, rice noodles, and fried dough sticks – had all gone up. In fact, I haven’t done anything these past few days, yet the money in my hands is losing value. This might be the beginning of a new round of decline in monetary purchasing power. A series of chain reactions will continue to unfold. The continuous rise in pork prices will drive up the prices of other agricultural and sideline products such as fruits and vegetables. For example, the price of eggs has increased by over 100% in these two weeks. This will significantly reduce the actual income levels of residents, and it will also force adjustments to salary levels. This in turn will prompt companies to raise product prices, leading to increased costs for food, clothing, housing, and transportation – creating a vicious cycle.
Money is becoming less and less valuable, and it’s getting harder to earn money
It’s okay; I don’t buy pork even once a year.
Fortunately, I don’t eat pork: lol
House prices are rising; if you don’t buy a house, you can still avoid that. Pork prices are rising, fruit prices are rising, vegetable prices are rising – many things related to daily life are getting more expensive. How can one avoid this? Back in spring, I ordered 10 meters of window curtains on Taobao; the shipping was free at 29.8 yuan. The day before yesterday, I wanted to buy 10 meters again; when I checked the price, it had risen to 32.8 yuan. The owner told me that this was the best price available. I replied with a wry smile, saying that the price had increased by 3 yuan despite being supposed to be a discount! :lol
Price increases are great – they help make the country prosperous and its people strong............. I wish I could grow taller too; if I could grow another few dozen centimeters and become a handsome guy, maybe I would have many, many female friends.... {:2_42:}
A new version of the RMB is coming out – does it include a 1,000-yuan denomination?
It seems that a paper version of the commemorative coin worth 500 yuan was released. It’s estimated that in a few years, 500 yuan will indeed be put into circulation in the market.
Don’t eat pork, but do eat fruits and vegetables. Apart from drinks, whose price hasn’t gone up in all these years, everything else has seen a sharp increase.