Post
Topic
Board Economics
Re: How to save as food inflation jumps more than 11% in a year
by
darewaller
on 21/09/2022, 16:01:00 UTC
Price rises are hurting everyone everywhere in the world. The whole of South Asia, for instance, is struggling with inflation. In the US, inflation with food prices jumping is the biggest one-year increase since 1979. The rising cost of food forces tough choices. The problem of food insecurity faces most of the countries.  It's happening due to a combination of domestic and international factors. Inflation is out of your hands, so only our personal actions make things better and save household income. Budgeting and financial discipline will save us these days.
Food shouldn't have been like this, I understand other stuff, do not be able to buy a car easily, buy a house, buy a new playstation, buy a new phone, whatever that is deemed luxury to be fair, whatever is not needed for you to continue your living, but food is literally the bare bottom what we need, it is even more important than shelter, you could be a homeless person and still would need money.

This is why I personally feel like the best thing we could do is invest into food industry by governments, our taxes would be going into building a lot more farms and a lot more stuff, I personally would be fine with it, it allows me buy food cheaper, so the tax I lose, gained as cheaper food prices.