Food Prices

Lately, fresh food prices in HK are going up like crazy.

For example, pork price has been up for 30% these couple of days. We are not going to have fresh beef from Mainland tomorrow, and hence price is expected to increase again. Children in poverty are having difficulty to have simple breakfast of bread and milk cause the flour price goes up as well. The morning radio programme I listen to has been joking about it's more profitable to buy and sell fresh food than stock, as beef price has increased 50% in just a month.

Sound like we are at war or something.

I heard a joke (I hope it's a joke) from a friend today:

A person is liaising with his/her boss about pay rise.

Boss: So how much do you want?

Worker: Same as the increase of flour price.

Crazy.

It's said that we are having the best economy in 20 years. The result is we have inflation again, but salary rise (if any) simply can't catch up with inflation.