Food and fuel prices have been slowly increasing since the beginning of 2018, but economists warn that prices will increase drastically in the coming months. There will be another spike in fuel costs this Wednesday in addition to an increase in municipal tariffs this month, meaning residents will also be paying more for water, electricity, sewage and sanitation.
Economists urge the public to keep a stricter budget in the coming months to prepare for these price increases of basic services and necessities. Planning ahead and cutting back on unnecessary spending is crucial in order to stay afloat when the cost of living is increasing much faster than salaries.
By: Mikayla Tetreault, Staff Writer