Hi,
I have been browsing this forum for some time.
Just decided to sign-up to post in the
forums after benefiting from
the many informative postings.
Businesses can easily quote things like oil price,
globalization, inflation etc as reasons to justify price hikes.
Indeed, many many businesses have hiked their prices.
But when oil price drops, will businesses reverse the hike?
Things like Food items have become more expensive across the
board including staple items.
I think life is like this, when oil price drops, hiked prices
will not be reversed.
And everyone has no objection about it, I suppose, based on
historical evidence ;)
Moral of the story - good to be doing business in a pro-bis
environment. You die, you die lor.