What a lot of bull

In Economy, Financial competency on 22/12/2021 at 9:00 am

“Chicken has gone up by 50 per cent in costs over the last 18 months – a basic staple in a multiracial country so it’s the number one protein… and I think it’s a matter of time for even the regular sliced breads that we eat to go up, maybe 20 or 30 cents per loaf.”

S’porean quoted in

What a lot of BS. I can still get roast chicken from Cold Storage at $4.90, albeit a slightly smaller one. And an atas brand of bread has slashed its price from $7.20 to $6.20. Sadly, they also got rid of their “promotions” at $5.20. And at the other end of the scale, I can still buy “Super Value” brown bread at $1.70.

  1. Think she’s talking at wholesaler level or PPI level. At CPI level, we haven’t really seen a lot coz retailers are still absorbing the increase or they’ve hedged with futures.

    2022 will be the real test at consumer level, especially by June.

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