Food price inflation remains elevated but is decreasing and stood at 12.5% in May, down from 13.5% in April. Price pressures remain strong. Inflation excluding energy and food declined to 5.3% in May from 5.6% in April.
In this regard, the question is whether there is a role for public policy in matters relating to credit counselling? We must recognise that financial intermediaries, the corporates and high net worth individuals generally possess in-house knowledge of matters relating to financial management and can afford to employ outside expertise as appropriate in regard to their investment decision and management of distressed loans.