Why prices keep increasing !!!

last SG · 2008-04-06T02:20:23+00:00

I believe silver-spooned kid LHL will bring down PAP in the near future,coz he do nothing to curb inflation.While other countries leaders trying so hard to r...

breytonhartge SG

it is the same all over the world... cause and effect...

ultranova3 SG

Price increases because there is high demand. You should not blame the govt. You should blame those who stock up rice unnecessarily. They are the one who drives the demand up and since enveryone wants to make profit (this includes NTUC), they will have to increase the price to make profit and to buffer people from stocking more rice. Consequently, the poor suffer because of the increase in the cost.

And also, those who trade in commodities and futures also play a part in increase in cost of food.

whiskers SG

I am no economist... but why interest rates never rise to level with inflation?

TWE SG

Not to mention that we have alot of high paying ministers above there earning ridiculouse amts of salary .Inclusive of a " legendary " minister mentor first in the world . Where do we get the money to pay them ? You make your guess . PS: Our ministers pay is much more then the president of a large nation like US . How do we manage to pay our minister such fat salary bigger then US , think agn .

freedom4ever SG

Our talented govt are paid millions but they cannot solve problem like inflation. i wonder are they talented in the first place.

Anyway, why should the govt care? it is not their problem. they still getting their pay and they wont notice that the price are increasing.

FocusPoint SG

Increasing prices good for government.

Old price $100 x 7% = $7

New price $150 x 7% = $10.50

With increasing prices, they will laugh all the way to the GST bank.

Last few days ago Royal Umbrella rice was $9.80 (5kg) @ NTUC Fairprice, then yesterday it was $10.80 (5kg).

They provide assurances that there will be sufficient stock, but they never guarantee the same price level.

Think about this, if they had kept buffer stocks of rice for 3 months, which was purchased under the old price.

Why has price risen to the new price?

Profiteering?

Sad to say the today of NTUC is no longer the same of yester years NTUC. Nowadays they operate like just any ordinary supermarket whose main aim is to make money. Helping the poor or the average folks is not in their agenda anymore.

Well, they did mention that they will soon have a no frills supermarket. How cheap will those goods in this so call no frills supermarket is yet to see. Only time will tell.

Oh, don't be surprise or even be shock if our minisiters' salary will increase too. Their excuse? 'We need them to continue to stay on with us so they can help to solve our current crisis.'

Manager433 SG

One ministar said that NO ONE IN SINKAPORE WILL GO HUNGRY. But I'm hungry now.

Poh Ah Pak SG

I think it is time to end PAP rule in Singapore.

kramnave SG

I think it is time to end PAP rule in Singapore.

How ? and let who rule ?

Poh Ah Pak SG

Coalition government.

balance_else_complacent SG

on the rising cost,

a rightful question to ask would be

when will salary rise to meet with rising cost? if not is this progress?

given the pore is an asian country, where investment is come in due to investors looking for cheaper alternatives,

will salary really rise to cover the risen and rising costs?

eagle SG

I was reading the first chapter of Rich Dad, Poor Dad, and I come across this part

"Aren't prices supposed to go up?" I asked.

"Not in an educated society with a well-run government. Prices should actually come down. Of course, that is often only true in theory. Prices go up because of greed and fear caused by ignorance. If schools taught people about money, there would be more money and lower prices, but schools focus only on teaching people to work for money, not how to harness money's power."

Poh Ah Pak SG

I was reading the first chapter of Rich Dad, Poor Dad, and I come across this part

Criticism of Rich Dad Poor Dad:

http://www.johntreed.com/Kiyosaki.html

http://en.wikipedia.org/wiki/Rich_Dad,_Poor_Dad

eagle SG

Criticism of Rich Dad Poor Dad:

http://www.johntreed.com/Kiyosaki.html

http://en.wikipedia.org/wiki/Rich_Dad,_Poor_Dad

The first site is a very good read... Thanks!

I like this part they quote:
“People do not believe lies because they have to, but because they want to.” Malcolm Muggeridge

Poh Ah Pak SG

“People do not believe lies because they have to, but because they want to.”

- Malcolm Muggeridge

Reminds me of followers of the PAP.

Genie99a SG

on the rising cost,

a rightful question to ask would be

when will salary rise to meet with rising cost? if not is this progress?

given the pore is an asian country, where investment is come in due to investors looking for cheaper alternatives,

will salary really rise to cover the risen and rising costs?

Thumbs up and up.

When will salary rise to meet with increased cost..... i also want to know ar

TCH05 SG

http://www.channelnewsasia.com/stories/afp_asiapacific_business/view/339870/1/.html

smokeinureye SG

food prices increases are inevitable. i think there is nothing much we singapore can do since we are at the mercy of food exporters, rising oil prices (which means higher transoportation) and reducing supplies.

I do think that govt can do something about the transportaton cost – can’t go any where now without being charged. Are some of the increases really necessary – just count the number of ERP on the route, look at the price of shutter bus

My hearts goes out to the low income people – don’t make enough to eat and travel to work… one-off bonus can’t go very far…

enemychaser SG

If you study basic economics, you would understand that inflation and price increases come together with economic growth. You want higher salaries? Then you need to accept higher prices.

What's more important for the government to do now, instead of trying to curtail price increases, would be to increase the poorer Singaporean's real income (that is, income adjusted after inflation) on a longer term basis. They are doing pretty well on the retraining idea, just need to make taxes here less regressive in nature, particularly GST.

Actually when you complain about increases in food prices, be happy that you aren't starving, unlike people in many other countries. The current food crisis is plunging alot of people back into abject poverty.

balance_else_complacent SG

my impression about life is :

1. Expensive good. Cheap no good. Cheap is a heresy. Good things cannot be cheap. budget air no good, expensive airbus good. nano not good, Lambo good.

Seems to me, expensive things is good and means progress.

Also, expensive CEOs good, cheap labor good. Pyramid good.

Expensive car is good. Expensive road usage is good. Expensive medical is good.

Expensive world record holders is good. Cheap labor is also good.

Expensive oil is progress.

Casino is good.

2. There is no equality in the sense that no one is born equal. Some with silver spoon some with golden spoon some with diamond and titanium spoon in their mouths. They get headstart in everything and even career planned till their retirement starting from the time they were born. No need to really fight for the position. Just inherit from their fudders uncles. Too Many in this situation will achieve the same if not more.

Animal Farm.

« Previous Page Next Page »