Singapore Gov Inflation CPI is a fucking lie

[SalahParking]

Singapore's core inflation falls to -0.3% in December as costs of services decline

25 Jan 2021 01:47PM(Updated:

SINGAPORE: Consumer prices in Singapore declined in December last year, driven mainly by a larger fall in costs of services as well as lower food inflation.

Core inflation fell to -0.3 per cent year-on-year in December, compared with November’s -0.1 per cent, data from the Monetary Authority of Singapore (MAS) and Ministry of Trade and Industry (MTI) showed on Monday (Jan 25).

 

[laksaboy]

They can always game the statistic by creatively choosing which items to be included in the 'basket of goods'.

https://www.investopedia.com/terms/b/basket_of_goods.asp

 

[SalahParking]

The CPF already steal your money charging you 4 % inflation for 2020, by raising the BRS to 93K . A 3 K increase. The purpose is to keep up with inflation.

 

[laksaboy]

Recently there's a spate of CPF ads psycho'ing Sinkies to 'save up for retirement'. Great timing.

 

[SalahParking]

The purpose of gov understating the real inflation is to steal your purchasing power. Because CPF implicit maturity date payout default. Have to extend payout date and take back 4% upfront.

 

[millim6868]

They need more ppl to put more cash in cause we hv one lau hump that like to buy high sell low,dumb sinkies are involving in legal MLM,same as our pigeon hole, its just waiting to see who get burnt ,n then there will be no PAPigs,but it will be too late

 

[SalahParking]

What the fuck? why remove food and energy from cpi.

 

[CharKuayTeow]

What the fuck? why remove food and energy from cpi.

So that PAP can get reelected, of course.

 

[laksaboy]

What the fuck? why remove food and energy from cpi.

Because that would go against the 'good news' narrative that the cost of living is dropping.

 

[SalahParking]

fucking stupid to remove the most important things that we need to spend money on. Who the fuck cares about rental apartments costs, prices..