Hyper-inflation : early warning signs
choongyong.koh March 4th, 2008
Hyper-inflation : early warning signs
http://www.post1.net/lowem/entry/hyper_inflation_early_warning_signs
lowen, who wrote this article, has been spending a lot of time on tracking financial signals. This post shows that although the official CPI is high, it is not as high as the actual increases incurred by the man-on-the-street.
Personally for one of my ‘necessity food’ also saw a marked increase over just the last few months. My favourite biscuit is the Kong Guan Lemon Puff, which I will munch during the wee hours when I work. For a long time it was priced at $1.40 - $1.50 (depending on which NTUC FairPrice you go). However, in my grocery shopping visit yesterday to the Hougang Point FairPrice, I saw that it is now selling at $2.20. Taking $1.50 as the original price, I still get a 46.66% price increase!
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Coincidentally, I was just blogging about the same thing … price has gone up so high!