Inflation, simple to understand.
Veg rice $5.50 a plate, Why? Quick math>Buy a lorry with COE 100k, lorry costs $140k. So $140k / 10 yrs / 12mths / 30 days = $39 daily lorry with COE rental!!!!
Imagine running costs add on, diesel $5, parking $3, ERP $5, labour $50, diesel tax $8 (diesel tax is in the thousands too!) Total $110 cost of using a lorry in a day in Sg! Wah piang!~
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