How are you planning to cope with the imminent rise in food prices set to sweep the globe, together with our own rise in GST?
The UN and Agricultural Organisation says a drought in Russia, which has led to Russian export restrictions are partly to blame for a surge in the price of wheat, leaving food prices at their highest level in two years. The food price index rose by 5% between July and August. A low European grain harvest is also set to send waves through the world food industries.
What changes are you making to your shopping on the basis of this and the upcoming GST rise in New Zealand? Do you have any tips you want to share?
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