Concerns also extend to whether prices will revert to their original levels when inflation subsides
Jamus Lim: Gov’t shouldn’t be making money while times are so hard for people, but rather increase CPF interest payouts to help people now
While global supply chain disruptions have eased and food commodity prices remain relatively low, potential risks persist, including shocks to global energy and food prices and labour market uncertainties. Amid this official data, some Singaporeans are expressing concerns about the real-world impact of rising prices. Redditors have shared their observations and questions about inflation.Meanwhile, user tombradythenext1 provided a personal example, saying, “I usually use McDonald’s to see what inflation is like. McChicken burger previously was $2 now it’s $2.9! almost 50% increase. filet o fish was also previously $2 now it’s 3.9.
However, concerns also extend to whether prices will revert to their original levels when inflation subsides. Redditor TheRavenSpectre expressed skepticism, stating, “Damage is done. Store owners def increase price more than inflation. When inflation comes down will price come down? Definitely not to original prices and possibly remain at the high prices of today.”
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