Cost of living escalates
By Robert Laing
From The Times
And the Main Inflation Culprits Are ...
Processed foods, Grain products, Fats and oils, Coffee, tea, cocoa, and Transport costs
Inflation hit a record high of 11.6 percent in June, making it inevitable that the Reserve Bank will raise its repo rate to 12.5 percent when its Monetary Policy Committee next votes on August 14.
The very things we buy everyday are the things fuelling inflation. This makes sense. The question is are you fuelling inflation by buying with an over expensive credit card? Do you have a savings account to keep that money that you don't need to spend on snacks and hot chocolates? Have you planned for your retirement, or taken out medical aid before all those fats and oils hit your heart? Don't hesitate, conduct a financial health check today.