Inflation erodes your CPF savings and cash
I am starting a new thread to track inflation ... don't believe in CPI number, the actual inflation is much higher, paste price hike of any item you know in this thread.
INFLATION hit a 27-month high in January, surprising even the most bullish of economists.
The Consumer Price Index (CPI) rose 5.5 per cent in January, higher than the 4.65 per cent average expectation among private sector economists.
The bulk of the increase was due to rising private transport costs, as well as housing and food.
The last time the CPI hit 5.5 per cent was in October 2008, and the higher inflation recorded last month has prompted economists to raise expectations of a tighter monetary policy, when the Monetary Authority of Singapore releases their first of two policy statements for the year in April.
Last week, the Government unveiled a slew of policies and cash handouts to help families, especially low-income households, cope with the rising cost of living.
Car and petrol prices contribute greatly to CPI !!!
COE premiums have risen across the board after easing a little during the last bidding exercise.
The COE premium for cars above 1,600cc ended at $62,000 - a rise of $8,600 or 16.1 per cent.
For Open COEs, which can be used for any vehicle type but which end up being used mainly for bigger cars - the premium registered a 5.3 per cent rise to $62,001 (from $58,890).
Premiums for the popular cars of up to the 1,600cc category, have also risen to $42,999 from $37,124, or 15.8 per cent.
Gardenia high fibre white bread
Quoted from http://www.post1.net/lowem/entry/bread_and_inflation
Gardenia high-fibre white bread (blue packaging), 1x 400g loaf, is now 33% more expensive than 2006.
date price %, prev %, base remarks
2006 $1.70 - - base price
early-2007 $1.80 5.88% 5.88% ... and so it begins
mid-2007 $1.90 5.56% 11.76% before 2% GST increase
7/1/2007 $1.95 2.63% 14.71% after 2% GST increase
9/18/2007 $2.00 2.56% 17.65% $2 for a loaf of bread
11/20/2007 $2.15 7.50% 26.47%
now $2.25 4.65% 32.3%
US warns extreme food prices will stay
US warns extreme food prices will stay
Pressures seen to overwhelm cooling from new supplies
http://www.ft.com/cms/s/0/f4189e60-4...44feabdc0.html