Have you noticed any inflation in SG??? There is almost none in Malaysia b/c we have oil resources here that are still being exploited (e.g. most inputs for Ag, supply chains etc are energy costs). I thought the RM tanking would hit us BUT, for example, when you go to the supermarket, our non-tropical fruits come from Egypt, South Africa etc who's currencies have also tanked against the USD... Some restaurants and especially those in mall food courts (rents?) + FamilyMart RTE have noticeable price increases...
Have you noticed any inflation in SG??? There is almost none in Malaysia b/c we have oil resources here that are still being exploited (e.g. most inputs for Ag, supply chains etc are energy costs). I thought the RM tanking would hit us BUT, for example, when you go to the supermarket, our non-tropical fruits come from Egypt, South Africa etc who's currencies have also tanked against the USD... Some restaurants and especially those in mall food courts (rents?) + FamilyMart RTE have noticeable price increases...
Check out https://mises.org/wire/how-soviets-fixed-inflation-ruined-economy and http://www.shadowstats.com/alternate_data/inflation-charts for real USA inflation #s - easily close to 20% on what people actually need to buy...