In 2024, these 4 items may face a big price increase, so be prepared

Mondo Education Updated on 2024-01-30

In 2024, these 4 items may face a big price increase, so be prepared

In a few months, we will be in 2014. Looking ahead to 2023, the domestic economic situation and price levels remain stable. In the first half of this year, China's GDP growth rate reached 55%, CPI increased by 07%。The fly in the ointment is that the expected revenge spending and housing purchases have not materialized. Instead, a retaliatory deposit was introduced. At the same time, revenge buying is no longer there, giving way to a continued decline in new and second-hand home sales.

In view of the current economic situation at home and abroad, some industry experts said that these four things may be in 2024"Big price increases", everyone should prepare in advance. They are: 1. Gasoline **will**;2. Food**will**;3. Paper**will**;4. Edible oil**will**. Let's find out.

First of all, gasoline **will**.

In 2023, international oil prices will generally show an upward trend, and domestic refined oil products will rise more and fall less, and for car owners, the monthly travel cost will increase. According to the current trend of international oil prices, international oil prices will continue to rise in 2024. On top of that, OPEC+, a major oil-producing country, has joined forces to limit oil production in order to prevent oil prices**, which means that international oil prices are present"Demand outstrips supply"situation.

Therefore, there is a high possibility of international oil prices** in 2024, which will affect China's refined oil products**. In fact, the price of oil** will not only increase the cost of travel for car owners, but also increase the cost of transporting various products. We recommend that citizens who have cars choose subways, buses and other means of transportation, and those who want to buy cars choose to buy hybrid electric vehicles, pure electric vehicles, etc.

Second, food ** will be restored.

There are two main reasons for the food in 2024: First, this year's international grain production will be affected by floods, droughts, pests and diseases. It is expected that next year's international food **will be**. Of course, since our country is self-sufficient in food production. Therefore, the impact of international food prices** on China's food prices is relatively limited. However, there is still a high probability that domestic food prices will follow international food prices slightly**.

Another reason is that the Russia-Ukraine war has led to a reduction in the production of the world's major grain production bases or the inability to ship grain out in time, which will also further exacerbate the pressure on international food prices. It is suggested that families with conditions should make food reserves and store them sufficiently in case of emergency.

Third, paper material***

Since the beginning of this year, household paper, kitchen paper, office paper, etc. have been greatly reduced, and people's living costs have increased again. There are two main reasons for this:

On the one hand, the global wood and recycled paper continue to increase, resulting in the cost of imported raw materials for Chinese manufacturing enterprises to become higher and higher. On the other hand, China's leading enterprises are paying more and more attention to the environmental pollution caused by papermaking enterprises, and constantly improving environmental protection requirements. Therefore, domestic papermaking enterprises have to spend money to buy various environmental protection equipment to reduce environmental pollution. In the end, the cost of pollution control in paper companies must be calculated into the production cost of paper.

Fourth, edible oil***

In the past, a 5-liter barrel of cooking oil at the supermarket cost only $60 to $70, but today, a 5-liter barrel of cooking oil** can cost between $90 and more than $100. According to **, edible oil **will continue in 2024**. The reason for edible oil is that global grain production has decreased and food prices have been sharply reduced, resulting in soybeans, corn and other basic agricultural products, while international soybeans and corn have obviously pushed up domestic edible oil. Therefore, it is advisable to stock up on cooking oil at home in a way that suits the season.

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