Our incomes are not changing. We must look and see how we are spending our income and how do we prioritise our income. If food is one of our necessities, then what do we do?
We cut back on other areas of expenditure. A classic example is using your phone card. If persons were to cut back on air time purchases or the expensive shoes that you would look to buy or the ‘bling’ items that you are usually into, alcohol consumption, cigarette smoking, different areas where we can cut back, and that savings that you would have you can use that to buffer your prices.
It is better to have something to eat than to starve, but instead of talking for an hour on the phone every day, cut back to talking to 20 minutes and that air time could be converted to cash.
Vernon Persad, president of the Supermarkets’ Association
Quote of the Day
It was an article like any other about food inflation, until the president of the supermarkets association decided to tell us all about how to cut back on “bling items” to afford more of his and his compatriots’ goods.