Thursday, April 23, 2015

What deflation in Singapore?

Five continuous months of deflation but meanwhile for my neighbours and us, the price of roti prata around my place has gone up by 10 cents. Apricots in one kg packing had gone from $12 to $14 and the fruit slices are smaller and inferior quality. Oranges seems to have gone up to. Saboten looks like giving up serving oranges as desserts for their set lunches. And I haven't finish, only listing those I can remember off the top of my head.

Sure some things are cheaper but they are just on offer. Normal prices will return shortly.

Honestly we are experiencing deflation as the process of calculating the CPI is not gamed. It is just that for many of us the basket is simply not meaningful.

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