Tuesday, October 16, 2018

Increase in price of rice

Minister Lawrence Wong gave a speech. He said that the price of rice may increase by 30% in 2050. I suppose that he meant this to be in real terms, after removing inflation.

This is a real increase of less than 1% per year. There are other cost of living that make a greater impact, e.g. price of housing (which he is responsible for).

It seems that he is blowing up a small issue to detract by a big issue.

No comments:

Blog Archive