- 5 April, 2025
FOOD PRICES TO RISE AGAIN
FOOD prices are projected to rise again in 2023. With local farmers still reeling from the effects of the recent horrible floods, vegetable, poultry, and
Prepare to pay more for pasta, as FOOD PRICES UP AGAIN
LOCAL floods and global factors are sending up food prices once more. Domestic farmers, wholesalers, and retailers say vegetable prices could double over the next few weeks as a result of recent heavy floods in the various food baskets.
FOOD PRICES UP 50 PER CENT IN 7 YEARS
YOU are paying an average of 50 per cent more than you did seven years ago to feed your family. That is the typical price hike in food items since 2015, Sunshine Today found in an investigation that sampled costs at several supermarkets.
WASA THE WORST OF INDEPENDENT T&T
THE Water and Sewerage Authority recently messaged me that my account was “in arrears.” “Pay your bill now to avoid further debt recovery action,” the water agency told me.
‘1 %’ WORRIED OVER CARICOM FOOD PLAN
BUSINESS corporations are concerned about reduced profits over Caricom’s plan to slash the annual US $5 billion food importation bill.
FOOD PRICES STILL GOING UP
WARNING: The cost of food would continue to rise.
Also, the shortage of imported Christmas goodies – toys, decorations, furnishings etc. – is real.
That is because international supply chain issues are getting worse, and that are affecting timely delivery and costs of the products.
Containers of seasonal items are stuck at ports in the US and elsewhere or delayed at mid-ocean.
WHY YOU WOULD STILL PAY MORE FOR FOOD
YOU would still have to dig deep into your pockets even with the removal of Value Added Tax (VAT) on some selected foodstuff.
That is because the 12.5 per cent VAT exemption would not offset the recent high food costs caused by international shipping and related issues.
The Central Bank’s latest report stated that food inflation climbed by 4.9 per cent over the past six months.
NO TEARS AS ISHMAEL GOES OUT OF BUSINESS
POLITICAL activist Inshan Ishmael is closing down his 20-year auto business – but many people are not distressed.
In fact, some supporters of Opposition Leader Kamla Persad-Bissessar are insisting that Ishmael is getting his comeuppance.
LIGHT BILLS GETTING HEAVIER NEXT YEAR
START budgeting to pay more for your electricity service from next year.
The slow-moving review by the Regulated Industries Commission (RIC) of the rates and tariffs of Trinidad and Tobago Electricity Commission (TTEC) would be completed in 2022.
That would lead to heavier light bills for all consumers.
REAL ESTATE SECTOR REOPENS TO CRISIS
As the industry reopens after the Covid-19 shutdown, Trinidad and Tobago is in the midst of a mortgage market crisis, confirmed by the Central Bank and by agents in the sector.
Home prices have slumped by as much as 30 per cent, and it is a buyers’ market.
