atans1

Problem that PAP doesn’t have even if curry puff prices etc have gone up by 7%

In China, Economy on 02/11/2019 at 6:33 am

Regular readers will know that l like to compare the PAP with the CCP: one is the ruling party in a de-facto one-party state, the other the ruler in a de-jure one party state. Examples: Keeping power in a one-party state and Why one-party rule sucks for Xi, Lee and Heng.

Well food inflation is not an issue here in the coming GE even if Old Chang Kee two weeks ago raised products by 10 cents across the board: roughly a 7% increase. My mum likes their curry puffs (now $1.60 each) while I like their various “balls”. Fortunately, I found another type of curry puff that my mum enjoys. Only $1 each but there may be an issue with consistent taste.

But food inflation is a problem in China. Data from China’s Ministry of Agriculture & Rural Affairs shows  the price of pork has risen 170% compared with the same time last year Chicken prices have increased 40% and beef 20%.

Why food inflation has gone thru the roof in China: Grandpa Xi’s biggest headache.

  1. LOL!! Sinkies inflation concern is not with basic food items but with atas healthcare (at least B1 & above), and other finer things in life (like nice house & nice car & nice meals & holidays).

    A recent socioeconomic survey is symptomatic, suggesting current adults who grew up in middle-class or upper-middle-class families are now living the lower-middle-class life.

    i.e. the common complain in other developed countries of the next generation being worse off than the previous generation.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: