The prices of everything in Singapore have gone up. Is this a result of inflation or the recent GST hike to 7% which started 1 July 2007, or a combination of both?
G and I had lunch with some friends at Golden Shoe Food Centre near work and there was this "tissue paper" peddlers -- a blind man followed by a lady touting tissue paper to the lunch time crowd. We don't usually need the tissue (we can buy an entire SLAB of tissue for slightly above the price they are selling at!) but don't mind helping out these vendors who are trying to make a decent and honest living.
I digress.
As I said, the prices of everything has gone up. 3 packets of tissue which had a standard market rate of a dollar now costs $1.20, which, based on very elementary mathematics, translates to a 20% increase. Now, is this inflation, the effect of the GST hike, a combination of both or blatent day-light robbery? I wonder.
1 comment:
Were they inspired by the McDonald's advertistment?
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