The cost of every item on the market is rising. Not just me or my neighborhood has been impacted by it; the entire world has. When I was unemployed at the time, I faced several issues and had to rely entirely on charity. “The all-items Consumer Price Index (CPI), a measure of economy-wide inflation, rose by 0.4 percent from July 2023 to August 2023 and was up 3.7 percent from August 2022. The CPI for all food increased 0.2 percent from July 2023 to August 2023, and food prices were 4.3 percent higher than in August 2022″ from Economic Research Service, U.S. DEPARTMENT OF AGRICULTURE. Many folks in the neighborhood work low-paying jobs or are the only earners in their large family. It’s challenging to take all costs equally at this time, since product values are always rising. In my opinion, raising the value of a product is excellent for the economy, but it also has a significant negative impact on the economy of our nation. Because it may be difficult for someone to purchase an item when the price is high, but if they truly need the item, they will purchase money. For their upcoming purchase in the event that they won’t have enough money to make it. As a result, people will forgo or cease purchasing other goods. At the end of the day, the economy will grow more slowly if everyone stops purchasing at least one item in each category. It should begin with a few local businesses, but after a few weeks, it may have an impact on the entire global economy. due to the fact that each nation imports and exports. Therefore, when there is no longer a marketing demand and the marketing level declines. After analyzing the situation throughout the world, lenders will demand higher interest rates in order to make up for the future decline in the purchasing value of the money they are paid, which would result in a halt to firm output. Therefore, there isn’t enough output to meet demand. And when people lack the necessities of life, primarily food and sensitization, they will become ill, and a dearth will begin.  

The author responded to “how unexpectedly the price of every specific product getting up and the benefits and effects We are facing in economics.” These days, this is taking place on a global scale, raising our economic level significantly in terms of product sales. No matter what the product is, we need a lot of different things and resources to live our daily lives, and I think the cost of everything is rising. With all the expenses and savings, balancing our real lives is difficult. The main reason for this is because, while product sales and purchases are increasing, income is not, which is an issue because if the government raises the minimum wage, it should benefit everyone who lives in the country. Our pay needs to be increased so we can afford the cost of goods and live contentedly. In my own experience, whenever I go to a store to buy any type of products or meals, I must pay more money starting two months ago, even though my wage is the same as it was a year ago. I must support my family, pay my bills, take care of my necessities, and pay for my children’s education. I can therefore communicate with everyone who is going through the same thing, not just in America but everywhere else in the world. because individuals in my nation of origin deal with a similar set of issues. From ATN News currently, if a person went to the market to get food, they could only be able to purchase three to four products for $10, which is 1000 taka (Bangladesh). Since this nation is not as developed as some others, it is easy to imagine how difficult it must be for middle-class and lower middle-class families to deal with the many issues they face without seeking assistance from others out of respect for their dignity and in accordance with social mores. They must therefore rely on the family member who makes money. At least we are fortunate that this is the case since in this society, a family of three or four cannot go out and work because everyone is responsible for their own income and expenses. Therefore, it pays for everyone’s expenses, but the pricey level has been challenging everywhere.  

The price of natural gas and coal costs are going up and up. From “These 5 charts show how much 2 years of inflation have really cost you” the cost of essentials like groceries, utilities and gas increased by 20% or more. The cost of all items on the index increased by 13% in that time. 

Every single day we need to use cars, bikes, motors and for this reason we need to buy gas but when it is too high a price then it is hard to do. People need to use their car or bike to move from one place to another but when it is getting high price then they cannot buy and use their stuff. I wrote this opinion piece. This is believable since it is based on actual experience. Because an op-ed is a media opinion piece that appears opposite the editorial page. This is a wonderful thing about how the media portrays our real-life predicament. The impact of rising product prices is currently the biggest issue. Many businesses, in my opinion, don’t offer goods discounts as frequently as they did last year, when the epidemic was at its peak, because of the high demand for products and the inadequate supply. Additionally, some people bring up war, a natural calamity, like a flood. To achieve equilibrium, prices this year are higher than they were last year, when brands were lowering prices to sell inventory.  

When the author wrote the material, they envisioned it to be like whatever they had experienced. The economic issue is currently the most talked-about issue in society and the entire planet. It suggests that the value of every product is increasing throughout the world, especially in the United States. Because of this, citizens of this country find it difficult to afford the things they need. People find it extremely difficult to both make and spend money. Due to a few factors, production is declining. The biggest factor, according to some, is the low level of demand for the goods since whenever a nation has a war, natural disaster, or societal problems like poverty or unemployment, etc. Additionally, some people mention the product’s quality because they mistakenly think that if a thing is expensive, it must be of excellent quality. Yes, a select few products—those that are expensive and of high quality—are available. If we look back at prior years, we can see that the price point was rather average, and individuals could purchase. However, as it becomes increasingly difficult and intense, they must consider each move. I believe that both oral and written rhetorical techniques will be used to accomplish this goal. For instance, communicating our thoughts and opinions to others is simple today. And I believe that social media, television news, and newspaper language are the best ways to connect with others. It would be beneficial for everyone to discuss this topic and look for any solutions. As a result, every economic problem, such as rising prices or a lack of demand for output, can be brought to public attention.  

The author’s perspective on the subject of their essay is that various factors can affect how expensive items are in society. Consumers see high prices unfavorably for a number of reasons, particularly if they think they are unjust or unreasonable. High costs can also prevent consumers from accessing basic items. And when there is little to no substitute for a product, corporations may have more influence over pricing, which can result in monopolistic behavior. High prices can also be a sign of a lack of market competition.  

There are a few articles where I can quickly obtain facts and examples related to the essay topic I’m pitching. I’m using all economic articles which help me more express my essay for example, “These 5 charts show how much 2 years of inflation have really cost you”, “Economic Research Service, U.S. DEPARTMENT OF AGRICULTURE” Given that this is the most effective method, I believe I can simply compare and provide my audience with more visual evidence by using graphs and charts. Understanding that I am more knowledgeable about the background will be beneficial. This makes it simple for my readers to relate to and interact with my writing about Considering this, a customer may be discouraged while looking at a product’s high price. Then the price hike will deter buyers from purchasing it. In a similar vein, if prices are reduced in such market circumstances, then customers’ purchases will rise sharply. Customers try to save money due to the high cost of the goods; otherwise, they will struggle to do so. Living in a society with significant economic costs is really difficult. Because we must travel every day and because we require only the most necessities, individuals will not be able to subsist if prices continue to rise. and that has taken place throughout the nations. People go without food and medicine, becoming ill. All younger children and newborns suffer from malnutrition. My target audience is made up of regular folks who are also the kind of people that are struggling with the issues raised in my essay so the public who are dealing with this difficult scenario is the piece’s intended audience. I think and feel that people can easily draw parallels to their own lives. As we all know, there are five components that make up a rhetorical situation: purpose, audience, topic, writer, and context. Therefore, my goal is to raise awareness among my audience about our current economic condition by constantly highlighting how it affects our daily lives and how we may move past it. and my target audience will be regular individuals from all social backgrounds and those who deal with this difficulty on a daily basis. Therefore, my issue is how rising product prices around the world, particularly in the United States, have resulted in a marked increase in product sales. I am a writer. Additionally, there are growing economic problems on a global scale. Author, audience, medium, and tone are the rhetorical methods I’m applying, depending on the genre and rhetorical scenario. Also, ethos, pathos and logos which indicates a technique for persuading readers of an author’s reliability or moral integrity, to persuade an audience by appealing to their emotions, persuade a crowd using logic or reason is to utilize often known as the appeal to logic. Therefore, I will offer more particular facts in my writing. Additionally, readers will comprehend my idea more clearly. I can present my own opinion and ideas. My words can therefore be utilized to express meaning, elicit a reaction from a reader or listener, and convince during dialogue.  

Works Cited 

“USDA ERS – Summary Findings.” Www.ers.usda.gov, www.ers.usda.gov/data-products/food-price-outlook/summary-findings/#:~:text=The%20all%2Ditems%20Consumer%20Price. priority_highWebpage authorclosepriority_highDate publishedclos.