Dear readers, in a recent post, I shared how we will likely see higher electricity prices and a scheduled increase in GST planned between year 2022 and 2025. I have suggested that all of us save more since our spending is likely to go up with higher electricity prices and GST.
In recent days, I read of yet more increases in basic necessities.
First, as reported, the price of food is expected to go higher in coming month as energy prices increase amid higher global food commodities prices, supply chain bottlenecks and labour shortages.
And second, which may be a more prominent news: increase in public transport fares.
With food prices, electricity prices, transport fares increasing, it seems that inflation is coming. And there is also the planned GST hike which means consumers will also have to spend more.
Save More, Everyone!
That’s it for my insights today. I Thank you once again for your support of SG STOCKS INVESTING, your Money and Lifestyle magazine! Connect with me here to follow the daily exciting and useful posts on these two blogs, Thank You for your support!
BINGE READ ALL POSTS!
Visit Home Page for more reads or Connect here!