Singapore's headline inflation falls to -0.3 per cent in November

[krafty]

http://www.businesstimes.com.sg/gov...ne-inflation-falls-to-03-per-cent-in-november

i can't believe it that car COEs is the main cause for deflation woh...haha...lol...

 

[JackyCheung]

that is why i die die dun want to buy car.
rich also dun want to buy car.

 

[krafty]

yes, you should save for our future...*muaks* :o

that is why i die die dun want to buy car.
rich also dun want to buy car.

 

[JackyCheung]

yes, you should save for our future...*muaks* :o

siao lang..................

today u no drive taxi? xmas eve, business will be very good.

 

[TracyTan866]

http://www.businesstimes.com.sg/gov...ne-inflation-falls-to-03-per-cent-in-november

i can't believe it that car COEs is the main cause for deflation woh...haha...lol...

laughable indeed. PAP's logic is so ridiculous.

COE Prices
Jul 2014 1 - $61990
2 - $62890
Aug2014 1 - $64600
2 - $65710
Sep2014 1 - $64841
2 - $62000
Oct2014 1 - $63880
2 - $63990
Nov2014 1- $64900
2 - $67889
Dec2014 1- $67089
2 -$65889

PAP and MTI are hilarious

 

[Equalisation]

Is it because of the reduction in bus and mrt fares due to the drastic fall in petrol prices ?

 

[Seee3]

This is absurd. The inflation index has evolved to indicate nonsense. For one who doesn't drive or buy a house the inflation has actually worsen. The so-called deflation will be a good excuse for them to ease monetary policy to suit their needs. Sgd will depreciate (already dropping quite fast). To the layman, it means food price will rice further if sgd depreciate faster than other currency. However they will report that inflation is negative. The truth is, it only benefits the rich as ordinary folks don't buy cars and houses like groceries.

 

[TracyTan866]

This is absurd. The inflation index has evolved to indicate nonsense. For one who doesn't drive or buy a house the inflation has actually worsen. The so-called deflation will be a good excuse for them to ease monetary policy to suit their needs. Sgd will depreciate (already dropping quite fast). To the layman, it means food price will rice further if sgd depreciate faster than other currency. However they will report that inflation is negative. The truth is, it only benefits the rich as ordinary folks don't buy cars and houses like groceries.

Agree...PAP and MTI pull wool over our eyes

 

[Froggy]

All together HUAT AH!!!!

Merry Christmas and More Good Years under PAP.

 

[frenchbriefs]

This is absurd. The inflation index has evolved to indicate nonsense. For one who doesn't drive or buy a house the inflation has actually worsen. The so-called deflation will be a good excuse for them to ease monetary policy to suit their needs. Sgd will depreciate (already dropping quite fast). To the layman, it means food price will rice further if sgd depreciate faster than other currency. However they will report that inflation is negative. The truth is, it only benefits the rich as ordinary folks don't buy cars and houses like groceries.

In that case if u are a trader u should sell ur house and car now and buy many packets of nasi lemak.

 

[Seee3]

In that case if u are a trader u should sell ur house and car now and buy many packets of nasi lemak.

Absolutely. But got a problem. They don't trade Nasir lemak future iand Nasi lemak is perishable.

 

[laksaboy]

http://www.businesstimes.com.sg/gov...ne-inflation-falls-to-03-per-cent-in-november

i can't believe it that car COEs is the main cause for deflation woh...haha...lol...

It is easy to fudge the inflation statistics... just be selective of your 'basket of goods' you pick for your calculations.

The same goes for numbers related to employment, job creation etc. The results depend on how your parameters are defined.

 

[Cerebral]

In Stats Board report, there are 2 Inflation numbers. Ine with car and property and the other without. Why they report on the one with car and property when those are one off purchases?