Economic life has always been the art of making choices between limited resources—a veritable divine curse—and our insatiable desires. This sad truth is more relevant than ever with rising consumer prices far outpacing income growth. Fuel up or top up your cart? This is an intractable question for many, which sums up our social climate well.
The arbitrage is all the more painful because food inflation has nothing to envy to energy inflation. Let’s face it, fuel, gas and electricity prices, even with ‘covered’ rate shields and other discounts, have risen by 17.9% over the past twelve months. That’s far more than the 9.9 percent increase in power. But since it is twice as important as energy in the household budget (16.49% and 8.96% respectively), the food sector today records the number one inflation…
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Source: Le Figaro
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.