Bellabing
2022-06-16

Sigh [Sad] 

@Kaixiang：
Inflation is rampant globally, and unfortunately no longer transitory as Fed had framed it a few months ago. Rising prices are so prevalent these days, from daily essentials such as food to petrol prices. Headlines of US inflation hitting 40-year high are plastered all over media, and the same problem is happening right here in the tiny red dot, i.e. Singapore. Our core inflation has risen to a 10-year high of 2.9% year-on-year, albeitit being far lesser than US' 8.6%. 1. Food prices at our local hawker centres and restaurant have spiked, and recently aggravated with the restriction in chicken export from Malaysia (thankfully that has been partly relaxedand we still get to have our hainanese chickenrice). 2. Petrol prices have also hit a record high, with the highest grade above $4/litre. This has caused much pressure especially for the drivers inthe transportation industry. 3. Housing prices has been on a rise (with hardly any signs of slowdown) as demand for resale units remain strong. One can often see record prices being set for resale HDB units, even for the less mature estates. For fellow Tiger friends who are non-Singaporeans, HDB flats is a public housing scheme implemented by the Singapore government. Inflation has penetrated into every facet of our daily life, and is likey to persist as the globaleconomy continues to face the pressure from the ongoing geopolitical conflict. Let's hope for the best and hang in there! @Venus_M @DiAngel @RDPD富爸穷爸 @MHh @pete13 @HelenJanet @SPOT_ON @Bonta @Boo2020 @koolgal @Big Cat @Bellabing @EKT @SR050321 @VivianChua @Wayneqq @wywy @WYCKOFFPRO
Inflation is rampant globally, and unfortunately no longer transitory as Fed had framed it a few months ago. Rising prices are so prevalent these days, from daily essentials such as food to petrol prices. Headlines of US inflation hitting 40-year high are plastered all over media, and the same problem is happening right here in the tiny red dot, i.e. Singapore. Our core inflation has risen to a 10-year high of 2.9% year-on-year, albeitit being far lesser than US' 8.6%. 1. Food prices at our local hawker centres and restaurant have spiked, and recently aggravated with the restriction in chicken export from Malaysia (thankfully that has been partly relaxedand we still get to have our hainanese chickenrice). 2. Petrol prices have also hit a record high, with the highest grade above $4/litre. This has caused much pressure especially for the drivers inthe transportation industry. 3. Housing prices has been on a rise (with hardly any signs of slowdown) as demand for resale units remain strong. One can often see record prices being set for resale HDB units, even for the less mature estates. For fellow Tiger friends who are non-Singaporeans, HDB flats is a public housing scheme implemented by the Singapore government. Inflation has penetrated into every facet of our daily life, and is likey to persist as the globaleconomy continues to face the pressure from the ongoing geopolitical conflict. Let's hope for the best and hang in there! @Venus_M @DiAngel @RDPD富爸穷爸 @MHh @pete13 @HelenJanet @SPOT_ON @Bonta @Boo2020 @koolgal @Big Cat @Bellabing @EKT @SR050321 @VivianChua @Wayneqq @wywy @WYCKOFFPRO

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