Singapore inflation rate is 6.4 for 2010

[Watchman]

 

[singveld]

OMG, what have PAP done.

no wonder why when i buy packet rice in wet market, used to be less than 2 dollars, now almost 4 dollars.

Down with PAP.

 

[Dreamer1]

QE2 might just manage to detsroy the whole world ,especially the so called unstoppable East Asia!

 

[Watchman]

Despite an above-average inflation rate of 6.4%, Singaporean economic fundamentals are generally strong. The gross domestic savings rate is very high, at 50% of GDP, while the unemployment rate is among the five lowest in the Index, at 2.1%, although a surprisingly low 58%* of Singaporeans said they were engaged in either paid or unpaid work in a 2009 survey. Living standards are high in Singapore, with only a tiny proportion claiming they did not have sufficient financial means to provide their family with adequate food and shelter at any point in 2009. Almost 80%* of the population is satisfied with their standard of living, but expectations of both the economy and the local job market are not high: just 15%* considered job market opportunities to be good in 2009, while perceptions of the country’s economic outlook are among the 20-worst in the world**. This is despite an average annual growth in GDP per capita of 3.5% between 2004 and 2008. Physical capital per worker is the highest in the world, at an average of over $182,000 (PPP), and the country’s market size is the 45th largest, globally. High-tech exports are at the second highest proportion worldwide, at just over half of total manufactured exports, while the country places in the top 30 in terms of foreign direct investment. With only 1.4% of loans non-performing, Singapore’s banking sector suggests resiliency. Correspondingly, a very high 83%* of the population reports having confidence in the country’s financial institutions, which is the ninth highest proportion.

How come Shittimes mentioned 2-3 percent for 2011 ?

How they control inflation in Singapore . They stop your salary increase .

 

[BusNo64]

How they control inflation in Singapore . They stop your salary increase .

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[suicidalpap]

OMG, what have PAP done.

no wonder why when i buy packet rice in wet market, used to be less than 2 dollars, now almost 4 dollars.

Down with PAP.

Everything in Singapore very, very expensive. Last chance to vote these scums out.