Singapore's Inflation at highest level
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Oct 25, 2010 - Straits Times
by Robin Chan
INFLATION in Singapore rose to its highest level in 20 months last month as housing, transport and food continued to become more expensive.
Last month's consumer price index (CPI) rose 3.7 per cent from the same month a year earlier. It follows a move earlier this month by the Monetary Authority of Singapore (MAS) to tighten monetary conditions, owing to its concerns over rising costs.
The CPI came in slightly above a 3.6 per cent rise estimated by 13 economists in a survey by Bloomberg News. Inflation rose 0.2 per cent month-on-month from August, after adjusting for seasonal factors, according to the Department of Statistics on Monday.
DBS economist Irvin Seah said: 'With overall inflation grinding steadily northward, risks are certainly tilting towards inflation rather than growth.'
Transport and housing were the main factors as higher car prices contributed a 9.1 per cent rise in transportation costs from a year ago, while housing costs rose 4.7 per cent. There were signs that car prices are easing, as they fell 0.2 per cent from August.
Food is a growing concern with prices of vegetables, fresh seafood, rice and cereal and dairy products contributing to a 1.7 per cent rise from 12 months ago.
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so? its not like they're going to do anything.
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Originally posted by dragg:
so?
its not like they’re going to do anything.
do they care?
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Originally posted by Clivebenss:
do they care?
They did... they just made inflation even higher...
ERP rates increase from next month
Electronic Road Pricing (ERP) charges at four areas will increase by S$1 from November 1.
The increase is part of the Land Transport Authority’s (LTA) quarterly review of ERP-priced roads and expressways.
Motorists will have to pay S$4 from 8.30am to 9am at the gantries at the East Coast Parkway (ECP) at Fort Road and the Kallang-Paya Lebar Expressway slip road.
Those travelling westbound on the Pan-Island Expressway (PIE) near Kallang Bahru from 7.30am to 8am will have to pay S$1.
Charges at the Central Business District and Bugis-Marina Centre cordon on weekdays from 6.30pm to 7pm will be S$3.
At the Orchard cordon, charges for weekdays from 6.30pm to 7pm and Saturdays from 6.30pm to 8pm will increase by S$1 to S$2.
Motorists Yahoo! Singapore spoke to were shocked by the sudden increase.
“I don’t think increasing the ERP charges will help ease congestion on the road. LTA should get feedback from motorists before deciding to raise the rates,” said HR executive Karen Ng, 28.
Added delivery driver Mohd Ismail, 57, “The traffic isn’t very heavy in the morning at the KPE slip road so I am puzzled as to why they increase it to S$4 there.”
According to LTA, the next ERP review will take place next month for the December school holidays.
Source:
http://sg.yfittopostblog.com/2010/10/25/erp-rates-increase-from-next-month/ -
Want to bet a not. GST going to increase to 10%
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Originally posted by Junyang700:
They did... they just made inflation even higher...
ERP rates increase from next month
Electronic Road Pricing (ERP) charges at four areas will increase by S$1 from November 1.
The increase is part of the Land Transport Authority’s (LTA) quarterly review of ERP-priced roads and expressways.
Motorists will have to pay S$4 from 8.30am to 9am at the gantries at the East Coast Parkway (ECP) at Fort Road and the Kallang-Paya Lebar Expressway slip road.
Those travelling westbound on the Pan-Island Expressway (PIE) near Kallang Bahru from 7.30am to 8am will have to pay S$1.
Charges at the Central Business District and Bugis-Marina Centre cordon on weekdays from 6.30pm to 7pm will be S$3.
At the Orchard cordon, charges for weekdays from 6.30pm to 7pm and Saturdays from 6.30pm to 8pm will increase by S$1 to S$2.
Motorists Yahoo! Singapore spoke to were shocked by the sudden increase.
“I don’t think increasing the ERP charges will help ease congestion on the road. LTA should get feedback from motorists before deciding to raise the rates,” said HR executive Karen Ng, 28.
Added delivery driver Mohd Ismail, 57, “The traffic isn’t very heavy in the morning at the KPE slip road so I am puzzled as to why they increase it to S$4 there.”
According to LTA, the next ERP review will take place next month for the December school holidays.
Source:
http://sg.yfittopostblog.com/2010/10/25/erp-rates-increase-from-next-month/
Hate PAP. Wht the use of COE. WTF -
Originally posted by Itedino:
Want to bet a not. GST going to increase to 10%
No need to bet. Its guaranteed. That time they already say GST to increase to 10% by 2010.... but due to recession the increase was shaved.... that is why we are receiving our GST credits even up till this year.
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It's not just PAP. Will the opposition not increase GST or ERP charges and taxes when the need arises? The government needs to collect more tax money to merge SGX with ASX! We ownz Down Under!
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see the poblem. initially singapore sure boleh. but as more people comes into the island for nothign at all become so conjested thetraffic, food, lodging, pubic transport, GST, land ministers salary all keep increasing. our land, natural resources supply, and wages salries keep decreasing.
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Originally posted by Junyang700:
They did... they just made inflation even higher...
ERP rates increase from next month
Electronic Road Pricing (ERP) charges at four areas will increase by S$1 from November 1.
The increase is part of the Land Transport Authority’s (LTA) quarterly review of ERP-priced roads and expressways.
Motorists will have to pay S$4 from 8.30am to 9am at the gantries at the East Coast Parkway (ECP) at Fort Road and the Kallang-Paya Lebar Expressway slip road.
Those travelling westbound on the Pan-Island Expressway (PIE) near Kallang Bahru from 7.30am to 8am will have to pay S$1.
Charges at the Central Business District and Bugis-Marina Centre cordon on weekdays from 6.30pm to 7pm will be S$3.
At the Orchard cordon, charges for weekdays from 6.30pm to 7pm and Saturdays from 6.30pm to 8pm will increase by S$1 to S$2.
Motorists Yahoo! Singapore spoke to were shocked by the sudden increase.
“I don’t think increasing the ERP charges will help ease congestion on the road. LTA should get feedback from motorists before deciding to raise the rates,” said HR executive Karen Ng, 28.
Added delivery driver Mohd Ismail, 57, “The traffic isn’t very heavy in the morning at the KPE slip road so I am puzzled as to why they increase it to S$4 there.”
According to LTA, the next ERP review will take place next month for the December school holidays.
Source:
http://sg.yfittopostblog.com/2010/10/25/erp-rates-increase-from-next-month/They only care about getting higher salaries.
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you increase sure still people use. worse now they fuck tehir vehicle at the gantries before 8:30am and wat hide like ninja vehicle somewhere and appear jam the bloody gantries after 7pm.
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So, what do the reports want us to do?
pay and pay lah.
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y the papers didnt report the bulk of the inflation comes from the elites up there..
if we can shed some "fats", inflation will prolly go down to 0.5%
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Hike, hike, hike!
Singaporeans like to pay and pay.
And election not even held yet so you can imagine how much more it will be after.
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Originally posted by charlize:
Hike, hike, hike!
Singaporeans like to pay and pay.
And election not even held yet so you can imagine how much more it will be after.
Just like GSS.Eg. shop now jack up the price first. When gss, come, they lower down a bit claiming 20% off storewide and pple still believe it and buy like mad.
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Inflation may be damn high.
But everything remains affordable.
Really.
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get out of singapore while you are still worth market value. It's a globalised world out there.
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Originally posted by charlize:
Inflation may be damn high.
But everything remains affordable.
Really.
Can buy things but unable to save much for raining days. -
Originally posted by likeyou:
Can buy things but unable to save much for raining days.Don't worry.
Your cpf will be enough for retirement.
Really.
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eh.. property prices who kachiow it de?
Transport cos of COE??? wat a joke when 65% uses public tpt.
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hot money.
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they want to kapo our money just incase they lose before the next GE...
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Originally posted by nfshp253:
It's not just PAP. Will the opposition not increase GST or ERP charges and taxes when the need arises? The government needs to collect more tax money to merge SGX with ASX! We ownz Down Under!
WE? are you sure its WE? -
Originally posted by sbst275:
eh.. property prices who kachiow it de?
Transport cos of COE??? wat a joke when 65% uses public tpt.
goomeuf.
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besides age, things in singapore also only goes up, never down
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