Is this the Beginning of Hyperinflation?

Are high sugar prices a preview of what is to come? In this article, we are going to take a look at how much sugar prices have gone up since May.

Since it is hard to remember the price of every single thing we buy at the supermarket, it is easy not to notice price increases. But did you know that sugar prices have gone up by almost 20% since May? You may not have noticed it but ever since I started buying groceries online, I have been able to track the recent series of price increases in sugar.

In May 2022, white sugar was at 65 pesos.


In June, it rose to 71 pesos per kilo.


And the last time I bought sugar, it again rise to 77 pesos per kilo.


That is an increase of around 20% in just two months! While a 20% increase in two months may not be noticeable to many people, this may just be the beginning. 

Aside from soda, sugar is also used in making disinfectants as well as rhum and brandy.

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