fymk, do you guys have inflation in Australia? How are the lower
income people coping with it?
First of all, if you are in the lower income group , you are
likely to be involved in enterprise bargaining which pins your
salary increments within multiyear duration.
Second of all, the usual advice from treasury and reserve bank,
as well as other NGOs, is to try and not get into debt in the
first place.
Third of all, there is always the welfare and health safety
net.
Fourth of all, if any government tells its people to buy cheaper
food to cope with inflation, have a serious problem. Better
quality food usually cost more. We are not just talking about tin
can mushrooms. For example, organic food which is better than
your run-of-the-mill genetically modified food , is expensive.
There are things that can be said like don't buy branded clothing ,
branded cars etc but food?
What's next? Eat cheap food fried with ghee if you cannot afford
the better quality healtier oil and wait for your heart attack?
Coming from a man who thinks mee siam has hum , this does not sound
encouraging at all.
Oh one more thing, Australia has no GST taxes on fresh food. Not
sure about Singapore.