BBCWatcher
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The kWh rate for electricity is not “up and up.” SP Services publishes the past 4 1/2 years of electricity rates here. The kWh rate today is 2 cents below what it was in January, 2014 (the oldest rate published in that particular report).Electric and water tariffs up and up.
It’s very common for people to overestimate inflation because they naturally notice price increases and don’t notice (or don’t remember) price decreases as much. There’s a lot of research demonstrating that phenomenon.
Yes, but people do pay tuition fees in Singapore. If you attend a professional development course and pay a course fee, that’s tuition, too. It belongs in the basket, and it’s somewhat correlated with other goods and services you buy even if you don’t pay tuition in a given year.erm tuition to me means those private tuition which are much costly than public school fees
If a steamed bun priced at 80 cents increases in price by 10 cents to 90 cents, that is indeed a high rate of inflation on steamed buns at that particular survey site. It’s a 12.5% increase. But then steamed bun expenditures are included in a statistically weighted basket. They don’t just take all the inflation figures for each of the goods and services, add them up, and divide by the number of goods and services. It’s not a simple average. It’s a weighted average. Whether 80 or 90 cents, steamed buns don’t represent a significant part of consumer expenditures in Singapore. So they cannot affect the CPI very much because they are weighted in accordance with their significance in consumer spending.however one issue i have is e.g 10cents increase will appear highly inflated for small ticket items. is it possible to adjust to make it more reasonable?
Yes, OK, if you are a steamed bun addict, enter steamed bun eating contests every week, and buy the most expensive Michelin starred steamed buns you can find every day and every meal, for you steamed buns are a huge part of your budget. OK then, monitor steamed bun prices closely, because they matter to you. But that doesn’t mean a single, distilled CPI number for the country should be adjusted for you, Mr. or Ms. Steamed Bun Addict.