Kangkung Price Falls Further

IF our life is all about ipomoea aquatica, we can all look forward to a significant improvement in our welfare and well-being.

Since we last discussed ipomoea aquatica aka the humble kangkung in the Jan. 16 posting, its price has fallen further. (Read here)

To reflect its cheaper price, our economist updated our ipomoea aquatica index. See below.

The index shows that the price of kangkung had fallen by 4.2% during th Jan-Feb period.

Since early 2013, the price of kangkung in Kuala Lumpur fell from RM5 a kilo to RM2.40 or a decline of 52%.

Unfortunately, the reduction in kangkung price will not improve our quality of life significantly because it accounts for only a tiny fraction of our consumption and, therefore, the consumer price index (CPI).

Life will be better only if costs associated with housing, transportation, healthcare and food also decline. These are the major cost elements in the CPI.

Please be wise, thoughtful and measured when discussing kangkung as the subject could offend some people's sense and sensibility.