Dear A.S.S. Editor
Newspaper reports recently indicated that the average price of a 900g infant milk powder has actually risen by 120% in 10 years. That is an average of 12% increase every year.
Talk about inflation and the rising cost of everything in Singapore. Where in 2004, parents can buy a tin of milk powder for $25.42, the price in 2014 was $56.06. Today, in 2017, the price will have probably been increased further.
Government advocating for Singaporean couples to have more babies. But with the price rising to astronomical heights, how can most people afford it? The baby bonus is a help, but not much, when all costs are considered. Milk powder is a necessity, how can we avoid not paying for such necessity?
So, for those who always say that price increase is a way of life, consider this. Is a 120% increase of price in just 10 years justifiable?