Here we go again. Didn't petrol prices go up just a few months ago. I hope we don't have to endure another price rise in a few months' time. The government did try its best to soften the effect. I guess postponing another rise immediately is a strategy to soften the impact. At least the populace was in preparation for another price increase. But I'm not sure how long the common people can endure the increase.
As always the majority will feel the greater impact. How will those with many mouths to feed cope with the almost seasonal upward adjustment to their budget. Can something be done. This is more like macroeconomics to me and I doubt any changes can have an effect immediately. In the meantime we'll grumble and cajole the goivernment to do some positive action. The consumer affairs mininstry has threatened to take action against those who take advantage of the situation.
How effective is that threat. They might be able to catch a few but overall it is a doomed effort. I have not seen any trader or business concern giving any thought to the consumer whenever prices of essential goods increase. They will still take an advantage when prices go down. So the consumer is at a losing end whatever happens.
Tighten your belts, everyone.
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