24 Dec '11, 6pm

[TOC] Inflation: 5.7% – How much more can Singaporeans take?

[TOC] Inflation: 5.7% – How much more can Singaporeans take?

I refer to the article “Singapore’s inflation figures still higher than expected ” (ST, Dec 24).Inflation in November has hit a three-year high of 5.7 per cent. Real earnings down Against this, real average monthly earnings slipped by 0.2 per cent in September, over the last 12 months. Transport fares up Public transport fares have increased by two cents per trip in October. Like in previous fare hikes, needy Singaporeans can apply for transport vouchers to help cover the increase. But like previous transport vouchers, it may only be enough to cover the year’s increase, but not the increases in the past. Electricity Tariff? Between July and September, rising oil prices saw electricity tariffs for households surge by 6.6 per cent to hit a 33-month high, and will decrease by an average of only 1.2 per cent between October and December. In this connection, I do not think that...

Full article: http://theonlinecitizen.com/2011/12/inflation-5-7-how-muc...

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