Saving & Spending
10% increase in Price
By Singapore Stocks Investing (SSI)  •  July 9, 2017
I went to a food place which was recently opened after renovations and proceed to the mixed vegetables food stall which I had not been going for quite a while during the renovations. I ordered my usual rice and mixed vegetables dishes. I gave the cashier the standard payment of $3 for a mixed rice set consisting of one meat dish and two vegetables dishes and to my surprise, the cashier asked for $0.30 more as the price of my order was $3.30. I was shocked and asked what happened. The cashier told me that after renovations, the rental and associated fees had risen and they have not choice but to increase price. The stall attendant told me that the increase was mild. Mild? I did not think so. $0.30 on a base of $3 is 10%. And it is 10% increase in food prices! Actually, I ......
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By Singapore Stocks Investing (SSI)
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