SINGAPORE: Singapore’s core inflation rose to a 10-year high of 2.9 per cent year-on-year in March, up from 2.2 per cent in February, official data released on Monday (Apr 25) showed. The last time core inflation was at 2.9 per cent year-on-year was in March 2012. The increase was driven by higher inflation for food and services, the Monetary Authority of Singapore (MAS) and the Ministry of Trade and Industry (MTI) said in a joint release. CNA Source
So last week, I was dining at a local kopitiam and ordered a drink to go along with my Mee Hoon Kuay. Actually different kopitiam have different drinks' price, so I personally knew that the rate of a typical can drink is around $1.20 ~ $1.60. However, I was shocked that one of the kopitiam i went for dinner is charging the same can of F&N Grape for $1.80 ! 😕 It is a whopping 12.5% increase ! My salary is not even increasing by the 3% mark. 😓 This is bad, really bad. Apparently, many people were secretly working multiple jobs. Similarly, I also forcing myself to do something. With the GST going up in the year to come, i guess only then most people will feel it.
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