Question

What will happen if the prices of basic commodities will keep on increasing?​

Answer 1

Answer:

poor and middle class families cannot survive

Explanation:

if the basic commodities will keep in increasing then the poor or daily labour will has to sufer a lot

Answer 2

If the prices of basic commodities will keep increasing:

• Food, energy, and gasoline prices are substantially weighted in consumer price indices, therefore a rise in global commodity prices affects global inflation and inflation expectations.
• Imports of food and other consumer goods, including oil, are directly affected.
• Domestic food production expenses have an indirect impact on domestic food prices because it is primarily dependent on commodity imports.
• Consumer inflation expectations are more affected by commodity price rises than by price increases in many other sectors.
• Food and gasoline purchases are common enough that consumers are aware of price fluctuations, and media coverage of price fluctuations is prevalent.