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had a quiet a walk there I wonder how is it mathematically possible to report a price increase of 7.5% on average for ALL Items when the top 5 price hikes are pretty much necessities.
Remember yesterday's ST Money Page with the same title.
Cooking oil - 47.6%
Rice and other cereals - 19%
Fuel and utilities - 18.7%
Dairy products and eggs - 13.6%
Accommodation - 12.6%
As I have said in my earlier posting and echoed by Selena Ling, OCBC Bank Economist, yesterday where she said, "Given the fuel price hikes in Malaysia, meat and vegetables from there are obviously going to get more expensive."
Good nite..
1 comment:
Households in Singapore face the unwelcome prospect of another increase in a necessity item.
1)Another 5 per cent hike for the July-September quarter.
2)5 per cent in April-June
3)6 per cent for January-March
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