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A lot of people think Singapore average inflation rate is only 3%, but is actually around 7% , true?

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Old 01-06-2016, 09:16 PM   #1
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A lot of people think Singapore average inflation rate is only 3%, but is actually around 7% , true?

A lot of people think Singapore average inflation rate is only 3%, but is actually around 7% , true?

Just now an economist told me that singapore average inflation rate throughout the years is more than 3%. Is actually 7%

is this true? anyone can advice why he say 7% so high?
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Old 01-06-2016, 09:17 PM   #2
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Depends on who you talk to. There's inflation and there's inflation.
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Old 01-06-2016, 09:34 PM   #3
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A lot of people think Singapore average inflation rate is only 3%, but is actually around 7% , true?

Just now an economist told me that singapore average inflation rate throughout the years is more than 3%. Is actually 7%

is this true? anyone can advice why he say 7% so high?
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Old 01-06-2016, 09:36 PM   #4
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All random percentages plucked from the sky..

Offical figures:
http://www.tradingeconomics.com/singapore/inflation-cpi
http://www.singstat.gov.sg/docs/defa...cpiapr2016.pdf
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Old 01-06-2016, 09:52 PM   #5
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Inflation in SG is actually not too bad...
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Old 01-06-2016, 10:17 PM   #6
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All random percentages plucked from the sky..

Offical figures:
http://www.tradingeconomics.com/singapore/inflation-cpi
http://www.singstat.gov.sg/docs/defa...cpiapr2016.pdf
Inflation Rate in Singapore averaged 2.70 percent from 1962 until 2016
Only 3% for 50 years? Looks like it will be very easy to plan for retirement in singapore!
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Old 01-06-2016, 10:20 PM   #7
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It's the expectations that get inflated.
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Old 02-06-2016, 12:18 AM   #8
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If you dont buy car or whack condo, inflation actually v low. Costs of daily necessities have not increased much. If you shop at ntuc, jiak ntuc foodfare and live subsidised hdb flats and take smrt train i dont see any reason for even 3% inflation.
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Old 02-06-2016, 05:55 AM   #9
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A lot of people think Singapore average inflation rate is only 3%, but is actually around 7% , true?

Just now an economist told me that singapore average inflation rate throughout the years is more than 3%. Is actually 7%

is this true?
No, it's not true.

Singapore's inflation rate is about -0.5% (not a typo, that's a minus sign). Singapore's inflation rate printed 7% for a fraction of a second in 2007-08, but before that, it's been pretty stable around 2% all the way back to the early 1980s. Here's a chart.
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Old 02-06-2016, 07:09 AM   #10
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If you dont buy car or whack condo, inflation actually v low. Costs of daily necessities have not increased much. If you shop at ntuc, jiak ntuc foodfare and live subsidised hdb flats and take smrt train i dont see any reason for even 3% inflation.
actually if you buy cars or whack condo, inflation is negative. cars and condos are getting cheaper.

it is the daily necessities that is getting more expensive.
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Old 02-06-2016, 08:31 AM   #11
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actually if you buy cars or whack condo, inflation is negative. cars and condos are getting cheaper.

it is the daily necessities that is getting more expensive.
only because the price of cars and condos went up alot before coming down recently.
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Old 03-06-2016, 08:25 AM   #12
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only because the price of cars and condos went up alot before coming down recently.
In the CPI basket, public road transport costs such as buses and taxi fares, have risen. Meanwhile education costs are also on the increase such as tuition fees and textbooks.

Food prices including those of cooked food are on the rise as well.HOWEVER, these items are a smaller portion compared to larger-ticket items like houses and cars. That is why overall headline consumer prices have been on a downtrend.

Most singaporeans own their own homes and hence will not be impacted by the softer housing rental market. As for cars the purchase is usually a one-off item that will last for years, so lower car prices do not have a consistent impact compared to daily necessities.
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Old 03-06-2016, 08:32 AM   #13
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Actually what i meant to say is that even though prices of daily needs like food etc might have risen, the impact and weightage on the CPI is minimal. So if you see inflation rate gg down it means cars and housing. So as long u dont hands and backside itchy whack new cars or hoot new condos you will be FINE.
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Old 03-06-2016, 09:00 AM   #14
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In the CPI basket, public road transport costs such as buses and taxi fares, have risen. Meanwhile education costs are also on the increase such as tuition fees and textbooks.

Food prices including those of cooked food are on the rise as well.HOWEVER, these items are a smaller portion compared to larger-ticket items like houses and cars. That is why overall headline consumer prices have been on a downtrend.

Most singaporeans own their own homes and hence will not be impacted by the softer housing rental market. As for cars the purchase is usually a one-off item that will last for years, so lower car prices do not have a consistent impact compared to daily necessities.
You just copied a chunk from Today without attributing the source?

http://www.todayonline.com/business/...inued-drop-cpi
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