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Dear Sir
Not by any locally devised plan, surely,
but nevertheless, inflation has made its mark.
People visit supermarkets, local shops and
any place from which daily foodstuffs are bought.
Across just a few weeks really, several items
have shown a sharp upward swing well above the given inflation rate.
Margarine, the every day bread and cooking
spread or ingredient has risen, from the cheaper ranges to the up market
brands, by some 20 to 40%.
Milk, which has a similar multiple daily
usage, has taken a 50$ surge, with several outlets unable to supply their
previously available stock range.
If one is not so careful, a mere loaf of
bread can set the unsuspecting buyer back an extra 20%. There some outlets
though, in the supermarket ranges, where a stable price has been maintained.
The other below the belt punch, for which
there is no possible local control, is that of petrol.
The excuse for these daily commodity price
increases will surely be blamed on the delivery, etc. price jump... or can it?
With a sound economy, but with many, many
people on or close to the breadline, this kind of inflation could provide a
dangerous spark.
Sound economies run on stable prices.
Should stability return to the oil world, producers and suppliers, would these
price surges be reversed?
Wallet watcher
Windhoek
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