S’pore’s inflation rises by 5.5 per cent over 1-year period
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S’pore’s inflation rises by 5.5 per cent over one-year period
By Faris Mokhtar | Yahoo! Newsroom – 3 hours agoThe rise in consumer price index in September compared to the same period last year was attributed to the increase in housing, private transport and food prices. (AFP photo)
Singapore’s consumer price index (CPI) increased by 5.5 per cent in September, compared to the same period last year on the back of higher costs of housing, private road transport and food, said theDepartment of Statistics Singapore on Monday.
It pointed out that the 9.6 per cent rise in housing cost was due to higher accommodation cost and electricity tariffs.
Meanwhile, the higher cost of private road transport which climbed to 11.4 per cent was primarily caused by a significant increase in Certificate of Entitlement (COE) premiums as well as higher price of petrol.
However, September’s CPI fell by 0.2 per cent from 5.7 per cent in August. The decline was attributed to lower costs of commodities including private road transport, clothing and footwear.
According to Singstat, this more than offset the higher prices of food and accommodation. It added that the lower cost of private road transport was due to fall in COE premiums. -
this could be offset with decrease in GST....aside to discounted prices for house brands in super marts i.e. NTUC...etc.
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I believe this is so to make up the no raise for the rate of GST.
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Originally posted by gorgorlokaychyong:
S’pore’s inflation rises by 5.5 per cent over one-year period
By Faris Mokhtar | Yahoo! Newsroom – 3 hours ago
The rise in consumer price index in September compared to the same period last year was attributed to the increase in housing, private transport and food prices. (AFP photo)
Singapore’s consumer price index (CPI) increased by 5.5 per cent in September, compared to the same period last year on the back of higher costs of housing, private road transport and food, said theDepartment of Statistics Singapore on Monday.
It pointed out that the 9.6 per cent rise in housing cost was due to higher accommodation cost and electricity tariffs.
Meanwhile, the higher cost of private road transport which climbed to 11.4 per cent was primarily caused by a significant increase in Certificate of Entitlement (COE) premiums as well as higher price of petrol.
However, September’s CPI fell by 0.2 per cent from 5.7 per cent in August. The decline was attributed to lower costs of commodities including private road transport, clothing and footwear.
According to Singstat, this more than offset the higher prices of food and accommodation. It added that the lower cost of private road transport was due to fall in COE premiums.I see another GST increase coming.
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Originally posted by Bio-Hawk:
I see another GST increase coming.
More revenue to fatten pockets.
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Don't worry.
Incomes are targetted to increase 30% in the next 10 years in Sg.
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Originally posted by charlize:
Don't worry.
Incomes are targetted to increase 30% in the next 10 years in Sg.
30% in 10 years means 2.66% increase every year.
Inflation at 5.5% every year for 10 years will be 70.81%, compare that to your 30% increase in income.
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The multi million dollar ministers must be smoking some good stuff, I mean with the salary they are getting.
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Originally posted by βÎτά:
30% in 10 years means 2.66% increase every year.
Inflation at 5.5% every year for 10 years will be 70.81%, compare that to your 30% increase in income.
I only want to hear the good stuff.
Really.
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Originally posted by charlize:
I only want to hear the good stuff.
Really.
You listen to Gold 90.5 FM?
http://www.youtube.com/watch?v=V2Wait9kJfY
http://www.youtube.com/watch?v=BT_f9u66-gU
http://www.youtube.com/watch?v=-1JMQoGNmsM
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PAP is very good in making things more expensive.
But we have no worries, we are not at the bottom.They said that no one will be left behind.
Sure, they put the dead bodies into the big black zip bags and carry with them. No body left behind.
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Originally posted by kira.sg:
PAP is very good in making things more expensive.
But we have no worries, we are not at the bottom.They said that no one will be left behind.
Sure, they put the dead bodies into the big black zip bags and carry with them. No body left behind.
Murder
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Like I said before I guess..
If you dun buy car, you dun buy house... You aren't affected much...
Such figures or whatever CPI gotta be read properly.. Figures can be plucked easily.
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Yah. Like sbst said.
If you don't buy HDB, don't eat, don't use electricity, don't buy clothes, don't see doctor, don't take transport.......
You should be fine.
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Who supply house?
Car is not essential.
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Originally posted by βÎτά:
Yah. Like sbst said.
If you don't buy HDB, don't eat, don't use electricity, don't buy clothes, don't see doctor, don't take transport.......
You should be fine.
Luckily air is free.
For now.
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If you have land you can grow your own food. But now you are at their mercy.
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what has coe premium got to do with the average singaporean?
i am sure there are more people without cars.
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Originally posted by charlize:
Luckily air is free.
For now.
It's only a matter of time.
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Originally posted by fibytprsu:
Who supply house?
Car is not essential.
in city you don't need car, kah (to gia loh) can liao.
in some countries, you no car then your kah also no use, places are too far apart.
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Originally posted by βÎτά:
It's only a matter of time.
Better breathe in more air now before they start charging. *sniff sniff sniff*
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Interesting date for this article.
Coalition plans tax on fresh air to 'help improve environment'
By Flora Olip 1/04/2011
THE air we breathe is set to be taxed as part of a revolutionary Government plan to raise more money.
Rural folk will have to cough up the most under the new charge – already dubbed a gasp bill – while those living in our polluted cities will be expected to pay less.
The Air Tariff Control system will assess charges in different areas of the country and every household will be liable for payments, which will be administered by local authorities and added to council tax bills.
The project, to be run by a private firm under a five-year licence, is designed to fund air quality improvement initiatives.
One senior air technician at the Environment Agency said: “Air is natural but, just like water, it is a finite resource that we have to manage sensibly. Water quality and supply improved with privatisation and there is no reason why this should not have the same impact on air. The aim is to allow everyone to enjoy high-quality breathing air.”
The scheme, which the Government believes will help reduce levels of asthma and bronchitis, will see each region of the country allocated an Air Band to determine how much each household will pay.
The Lake District is likely, according to
the documents, to be in the highest bracket while residents of cities such as London, Manchester and Birmingham are earmarked for rebates because of traffic fumes.Special plants will later be built to capture clean air and regulate its flow around the country, monitored by tracking devices being developed at Ayr University.
But critics believe the Coalition plan will see the end of free air for all in the UK, with private companies cashing in.
One Labour backbencher said last night: “This has literally taken my breath away.”
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Originally posted by βÎτά:
Interesting date for this article.
Coalition plans tax on fresh air to 'help improve environment'
By Flora Olip 1/04/2011
THE air we breathe is set to be taxed as part of a revolutionary Government plan to raise more money.
Rural folk will have to cough up the most under the new charge – already dubbed a gasp bill – while those living in our polluted cities will be expected to pay less.
The Air Tariff Control system will assess charges in different areas of the country and every household will be liable for payments, which will be administered by local authorities and added to council tax bills.
The project, to be run by a private firm under a five-year licence, is designed to fund air quality improvement initiatives.
One senior air technician at the Environment Agency said: “Air is natural but, just like water, it is a finite resource that we have to manage sensibly. Water quality and supply improved with privatisation and there is no reason why this should not have the same impact on air. The aim is to allow everyone to enjoy high-quality breathing air.”
The scheme, which the Government believes will help reduce levels of asthma and bronchitis, will see each region of the country allocated an Air Band to determine how much each household will pay.
The Lake District is likely, according to
the documents, to be in the highest bracket while residents of cities such as London, Manchester and Birmingham are earmarked for rebates because of traffic fumes.Special plants will later be built to capture clean air and regulate its flow around the country, monitored by tracking devices being developed at Ayr University.
But critics believe the Coalition plan will see the end of free air for all in the UK, with private companies cashing in.
One Labour backbencher said last night: “This has literally taken my breath away.”
Damn.
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Originally posted by βÎτά:
It's only a matter of time.
Times are bad -
everything is going up.
watermelon here from 2.5 to 2.8 now 3.25