Inflation pain

Inflation is when Pepper Lunch stops giving complimentary soup, Korean dishes stops giving complimentary kimchi side dish, McChicken goes from $2 to $2.95 and to $3.25, and a 1-meat-2-vegs cai png now costs $6.50 (cos 三层肉 is considered special @$3). 😩

My $6.50 cai png which tasted meh

Paying more is the trade-off for convenience. Buying stuff to cook at home would be cheaper. However, for a single person meal, it seems a waste of time, water and electricity.

Food is about the only thing that made me feel inflation is overboard as the price increases are in double digit percentage.

GST is going to hike to 9% next year, it's likely that we'll see another round of staples' price hike. Yikes!

It's time to recalibrate my expectation on the prices of goods and services so that I won't feel so much pinch. It's also time for me to review my portfolio which is pretty much in red from the REIT price slump.

With prices going up due to shortage of resources, it is also time for us to think about our consumption pattern. 

Have we been too exorbitant in production and consumption?

Are we consuming inferior goods that are fighting with superior good for raw materials and end up discarding them (cos they spoil easily, doesn't confer comfort or are ineffective)?

Especially with the convenience of online shopping. There's the buy first, try later mindset.

Consumers and goods mismatch is definitely one cause of wastage. I shall stop my rattling and not go into the wormholes of environmental problems or credit debts here. 

Responsible spending is the key, and it is a habit we need to cultivate.

Thanks for reading!

Get a $10 Fairprice e-voucher when you sign up on the Trust bank app using my referral "8E73GQZ6" and start earning up to 2.5% p.a. interest rate on your deposits.

Get $20 bill rebate with TUAS power when you sign up with my referral code "RCPKNX4".

Do check out my other referrals here for more sign up bonuses.

🤗