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Food Prices Skyrocketing

RenYi Chin, Co-Founder, MyBurgerLab

Enterprise · Enterprise Biz Bytes · 31 May 2022 · 12:00 pm · 28 mins listen

The price of foodstuff is expected to soar in the coming months, for a number of reasons. Firstly, there’s the minimum wage increase, then we have the Russo-Ukrainian war creating havoc on the price of wheat and other goods, and we also have the lingering effects of the logistical issues caused by covid - creating a ripple effect to our economy.

How much more are we expected to pay, how is our government dealing with these issues, and how long might these price hikes last?

Image Credit: shutterstock | OlegDoroshin

Produced by:

Richard Bradbury

Presented by:

Richard Bradbury,Christine Wong

Categories:

markets,economy,managing,politics,government,international,environment,food,wellness,SME,entrepreneurs,financial wellness,young finance

Tags:

cost of living,inflation,chicken,groceries,food and beverage,logistics,covid,consumers

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