Sunday, October 14, 2012

Prices of Everything is Rising!

Two days ago, after work, I ordered a packet of Nasi Bryani from a nearby foodstall. When it was time for payment, I was shocked: the price of the Nasi Bryani is now $5, 50 cents more than the original price of $4.50! This may seem insignificant for some rich folks, but if we use simple Maths: the increase translates to a 11.1% increase over the original price!

This morning, I went to buy a packet of fried noodles and on the stall was display a sign that the prices of all food will be increased by 10 to 20 cents! Again, another stall that increases its food prices.

I am not sure whether increases in food prices made by food shop owners are genuine arising from inflation or are some of them trying to plough greater profits on the pretext of inflation?

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