Quote from: bryant.coleman on Today at 12:35:40 PM

Quote from: Findingnemo on March 06, 2021, 01:50:53 PM

Quote from: bryant.coleman on March 06, 2021, 04:32:48 AM

Which country you are residing in? Even if the tax rates are increased, that should not have much impact on the food prices. Because the governments almost never increases the tax on agricultural products. However, increasing oil prices may cause additional expenses in transporting food products. Here in my country there has been no increase in the food prices. We are paying the same rates that we used to pay before the pandemic.

It is not the issue with particular country, it is happening all over the world but the amount maybe unnoticeable but surely the prices are increased due to the tax change policies. You can think that few cents increase on the fuel price may not affect the food products but the transportation of raw material and the transportation or complete material, then importing transport will add and sump up a huge value for sure.

No. It is not happening all over the world. Here in Singapore there was no significant increase in the food prices. My friends in India are also of the same opinion. And here we import most of the food products, so the impact should have been visible if there was an increase. Taxes are getting hiked, as the governments have now received a shot in the arm with the ongoing pandemic. They got the excuse to increase the taxes further.

Singapore is a very small, rich and less populated country which means governments can bear their tax burdens from their existing money but I don't think you are right with what is happening in India, the price keep increasing since the implementation of GST and also their wrong finance policies killing small businesses for years now.