I don’t use much butter for our household..
But, guess what surprises me when I was doing grocery shopping at the dairy section as my tub of 500g of butter is almost running out?
The price of butter has almost doubled! was that since just 2 months ago??
Yes, a bar of paper wrapped 250g of butter cost S$3.65 now!!!
I remember the last time that same piece of butter could be had for like just $1.80! could that be just less than 3 months ago??
and what was more absurd, a premium branded piece of the same weight is going for $5.80..
my goodness.. no wonder people in Singapore are tightening their belts… and for a good reason too.
I’ve been hearing about Singapore 2008 inflation rate forecast of like 6% to even hitting a 26 years record high of 7.5% this October…
But if the price of butter is any gauge of the near future inflation rate…
That’s surely gonna bring a buttery slide on the standard of living here.
Can anyone please confirm if the price of butter is indeed a victim of 2008 FWMD (Financial Weapon of Mass Destruction)? that Mr Butter himself is melting from the radiation of the ongoing financial meltdown brought about by the toxic sub-prime mortgage crisis?
or is it just me who’s getting a bit hot under the collar over the price of some daily fats?
If I could turn back the clock, I would have stored more of the buttery goodness in my fridge..
Guess it time for a little hypnotic retreat from these market maddness.