What would be average inflation rate from 2006-2016?

[phantom_opera]

What would be average real inflation rate from 2006-2016?

(1) 5%
(2) 6%
(3) 7%
(4) 8%
(5) 9%

Consider:

Doctor/nurses salary up 16-20%
NTUC Fairprice staff gets up to 15.8% pay rise
Civil service gets 10-20% pay rise
COE up up up
Rent up up up
Property price up upup
REITs going rampant

Are we in a vicious cycle of high inflation boosting wages and then higher wages drives inflation even higher

[nobrainer32007]

BUY PROPERTIES AS A HEDGE AGAINST INFLATION.:2cents:

[felicia_sg]

Official may be 5%.
what people really felt / got hit 10%.
Nothing we can do since massive money printed to save economy. The alternative of not printing is worst deflation, in which case we rather chose inflation.


What would be average real inflation rate from 2006-2016?

(1) 5%
(2) 6%
(3) 7%
(4) 8%
(5) 9%

Consider:

Doctor/nurses salary up 16-20%
NTUC Fairprice staff gets up to 15.8% pay rise
Civil service gets 10-20% pay rise
COE up up up
Rent up up up
Property price up upup
REITs going rampant

Are we in a vicious cycle of high inflation boosting wages and then higher wages drives inflation even higher

[timmy]

What would be average real inflation rate from 2006-2016?

(1) 5%
(2) 6%
(3) 7%
(4) 8%
(5) 9%

Consider:

Doctor/nurses salary up 16-20%
NTUC Fairprice staff gets up to 15.8% pay rise
Civil service gets 10-20% pay rise
COE up up up
Rent up up up
Property price up upup
REITs going rampant

Are we in a vicious cycle of high inflation boosting wages and then higher wages drives inflation even higher

A wage-price spiral is indeed a real danger. Once price expectations are anchored, it is very difficult to break. Really, the only way out of this is a recession, not unlike wat we experienced in 2008.