Government telling public you cannot demand more pay since Cost of Living UP

[Watchman]

COST OF LIVING RISES

July inflation up 3.1%

Housing costs rose by 2.7 per cent because of higher
electricity tariffs and accommodation cost, while
food prices went up by 1.5 per cent. --
ST PHOTO: CAROLINE CHIA


HIGHER transport, housing and food costs pushed consumer prices up by 3.1 per cent
in July from a year ago. Cars and petrol were the main items contributing to the
10.7 per cent spike in transport costs, according to data released by the
Singapore Department of Statistics on Monday.

Housing costs rose by 2.7 per cent because of higher electricity tariffs and
accommodation cost, while food prices went up by 1.5 per cent, arising from
dearer prepared meals, vegetables, fresh seafood, meat and poultry, as
well as rice and cereals. Excluding accommodation costs, the consumer
price index was 3.8 per cent higher in July than a year ago.
For the first seven months of the year, consumer prices have
moved up by 2.1 per cent, compared to the same period in 2009.
On a month-on-month basis, inflation rose by 1.3 per cent over June,
due to higher housing, transport as well as clothing and footwear costs.
In June, Singapore's inflation rate exceeded most analysts' expectations
and hit a 14-month high, climbing 3.2 per cent from a year ago.

 

[Devil Within]

The main driving force for inflation in Singapore is the low interest rate, increase in tax, transportation cost(ERP, petrol, COE, fares, etc... ) and a very expensive government.

 

[Papsmearer]

Inflation rate is 3.2%, but economic growth is 15%. How is this possible? Such a high economic growth rate will surely result in double digit inflation numbers too.

 

[scoopdreams]

Inflation rate is 3.2%, but economic growth is 15%. How is this possible? Such a high economic growth rate will surely result in double digit inflation numbers too.

The trickle-down effect of inflation from growth rates only kick in much later.

Watch for bigger inflation numbers in the near future, while our salaries remain the same.

 

[eQuipment]

so far, i've not seen or heard of our gahment mention about taking significant salary cuts when economic times r bad. however, they take every chance available to declare salary increment or some self proclaimed bonus structure.

 

[Brightkid]

so far, i've not seen or heard of our gahment mention about taking significant salary cuts when economic times r bad. however, they take every chance available to declare salary increment or some self proclaimed bonus structure.

'Salary cuts' ? These 2 words are reserved exclusively for sinkies only.

They are already drafting the parliament speech to increase their salary and a big bonus after the YOG for a job well done and a 'super-performing' economy.

 

[eQuipment]

our gahment outdoing jack neo in self scripts drama, they top it off with award allocation.

• when world econ bubble burst, they tell us we're not in recession
• when TH & GIC lose $ in investments, they tell us its loong term investment
• when the stocks havent recover, they sell the stocks to realize the losses
• when the flash flood issues surface, they issue award to PUB head man
• when econ & outlook is pathetic, they smoke about healthy GDP, warranting bonus & increment for their own salary

they live in their own fantasy

 

[pocoyo]

our gahment outdoing jack neo in self scripts drama, they top it off with award allocation.

• when world econ bubble burst, they tell us we're not in recession
• when TH & GIC lose $ in investments, they tell us its loong term investment
• when the stocks havent recover, they sell the stocks to realize the losses
• when the flash flood issues surface, they issue award to PUB head man
• when econ & outlook is pathetic, they smoke about healthy GDP, warranting bonus & increment for their own salary

they live in their own fantasy

When they live in their own fantasy, we live in our own misery.