SIR, have mercy on us..

Abbrev. for SIR is S'pore Inflation Rates..
Recently we have a slew of shocking news about inflation rates hitting 16-yr high. This comes as no surprise to any of us. External factors like US$100/oil barrel coupled with GST & ERP hikes to 7% and up to $5 respectively, must inevitably translate to higher costs of doing business and hence higher prices

The mismatch in the supply and demand of residential and commercial properties certainly did not help keep rentals down. What's worrying is that most of us see this as only the beginning of an unhealthy upward trend and are not as confident as our leaders that this can be managed as planned.

In recent parliament debate, the people were adviced to choose cheaper alternatives to minimise the impact of rising prices. It is real; as are the concerns of lower income citizens who must once bear the brunt of financial burden. This is almost like Marie, the Queen of France said during the French Revolution ;"Let them eat cake." When told that the peasants did not have anymore bread."

raylet",)