Why prices are increasing but never decreasing? for example: food prices, living expenses etc.

Question

Why prices are increasing but never decreasing? for example: food prices, living expenses etc.

In: 16583

Answer 1

Prices do decrease in some cases, especially where there is healthy competition and technological innovation. Computers and televisions are good examples. I’d also throw in vehicles, but while the prices do continue to rise overall, the value, longevity, safety and convenience features of a modern vehicle outstrip the cost increases.