atans1

Cost of chicken rice, FTs and the BBC

In Economy on 04/12/2013 at 6:08 am

This blog is critical of our ministers’ attempt in the past to talk down inflation (Tharman and Hng Kiang. Lee Jnr) To be fair, they’ve been quite on that front recently, cause of the numbers that keep coming out.

Here’s a practical example, courtesy of the BBC: for our chicken rice, the prices of its key ingredients – chicken, rice and the vegetable oil to cook the food – have all about doubled since 2005.

Chicken — 84%

Rice — 90%

Vegetable oil — 100%

(http://www.bbc.co.uk/news/business-25147402)

So don’t think ill of the seller for increasing his prices since 2005. In addition, he got to pay the rent.

In the above link, which talks of global food inflation, the reporter interviewed a PRC FT (in a hawkers’ centre) on the rising cost of food in S’pore and in Mandarin. Clip is towards end of article. GG and TRE readers will not be happy that a PRC FT is interviewed instead of a local. and P Ravi will be upset that Mandarin is used, not English. Seriously even I think that the BBC is wrong to give the impression that S’pore is part of greater China, or FT heaven (5 people interviewed for another series, three are FTs, one true blue S’porean and one first gen. P Ravi will be fuming that the two locals are ethnic Chinese.He should complain to the BBC that 7% of the population are ethnic Indians and that they play a huge role in the governance of the country: two out of four of PM’s most trusted ministers are Indians. AWARE will be not be their usual bitchy selves as both are women. Yes, I’m fed-up with AWARE’s triumphalist, patronising and ang moh attitudes-are-best attitude.)

BTW, in general as countries develop people spend proportionally less on food.

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