Everyone is hearing about rising inflation. Besides the sky-high petrol prices, it’s been mostly subtle – a few cents here and there.
When it hits home is when my favourite “deal” becomes less of a bargain…My favorite coffee roaster in Mountain View on Dana Street just raised it’s prices this month. A latte goes for $2.45 (from $2.15). And my bare-bones hair dresser now charges $6 (from $5). Ouch. In Singapore, inflation is at 7% and Malaysia raises petrol prices by 40%. Even oil-exporting countries are not spared.
Is this a symptom of how rising energy prices will dramatically alter the way we live?
Oh, and crude oil hits another record today, closing at $138/barrel.
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