Up Next: More Food Inflation

It's now official: the government expects more food inflation this year. According to a Bloomberg report, Finance Minister Tharman Shanmugaratnam told Parliament that the government expects food prices to rise further this year and that there are efforts to look at how to cushion the lower-income and elderly people from such inflation.

Apart from the traditional transfer payments, it would be of great interest to me to see what other innovative ideas the government can come up with to ameliorate the effects of food inflation. For the rest of the people who are in the so-called 'middle-class' and are unlikely to be the target of any such government measures, it's time to take defensive actions such as the adjustment of eating and purchasing habits, or even of growing vegetables where feasible.