CNA: Overall, the inflation rate in November 2021 is not something to be too worried about

[tripleme]

As we begin 2022, Singaporeans will be looking ahead to Budget 2022, slated to be announced in February, and any measures it would have to help counter the rising cost of living.

The Government could provide more subsidies for necessities such as electricity, food and public transport. Another way to help would be to delay the raising of the Goods and Services Tax (GST).

I would even go a step further and suggest that reducing the GST by one to two percentage points for a year or two would help. To help offset the revenue loss, the Government could increase the marginal tax rate in the highest income bracket.

Overall, the inflation rate in November 2021 is not something to be too worried about, but high inflation can indirectly lead to high interest rates, and those who have loans should look at the interest rates or refinancing options more carefully.

Citizens would also appreciate government subsidies to help with costs.

https://www.channelnewsasia.com/com...-interest-rates-increased-cost-living-2404301

 

[Optrex]

in before "because we have GST to help the poor"



Read HWZ Forum Rules!

 

[xeonboy]

Overall, the inflation rate in November 2021 is not something to be too worried about

Yes, it's not something for PAP and the elites to worry about, because even $100,000/day spending expenses is peanuts to them.

 

[peaceheart]

Lol
Inflation: no worries
GST hike: sign of hope

 

[Kunkka]

How about Dec 2021 or 2022. Got new tariff price

 

[xeonboy]

Btw, WP Jamus is an economist isn't it? What's his views on GST increase? Or he has no views or opinions?

 

[Kunkka]

The Government could provide more subsidies for necessities such as electricity, food and public transport. Another way to help would be to delay the raising of the Goods and Services Tax (GST).

I would even go a step further and suggest that reducing the GST by one to two percentage points for a year or two would help. To help offset the revenue loss, the Government could increase the marginal tax rate in the highest income bracket.

Good suggestion by him

 

[bratpig]

As we begin 2022, Singaporeans will be looking ahead to Budget 2022, slated to be announced in February, and any measures it would have to help counter the rising cost of living.

The Government could provide more subsidies for necessities such as electricity, food and public transport. Another way to help would be to delay the raising of the Goods and Services Tax (GST).

I would even go a step further and suggest that reducing the GST by one to two percentage points for a year or two would help. To help offset the revenue loss, the Government could increase the marginal tax rate in the highest income bracket.

Overall, the inflation rate in November 2021 is not something to be too worried about, but high inflation can indirectly lead to high interest rates, and those who have loans should look at the interest rates or refinancing options more carefully.

Citizens would also appreciate government subsidies to help with costs.

https://www.channelnewsasia.com/com...-interest-rates-increased-cost-living-2404301

So far, I've never seen pap media worried about any bad news.

But they're always uptight when people don't return trays in hawker center, etc

 

[Mr. Wood]

ah peks ah mahs jian cardboard exercise got increase price?

 

[opteron]

in toher words inflation is transitory lah, nothing to Xi here...