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Jul 24, 2010
Poor see slow inflation rise
<!-- by line -->By Fiona Chan and Zakir Hussain
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The CPI increase for the 60 per cent of households in between these two segments was 1.9 per cent. -- PHOTO: AP
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RISING prices in the wake of Singapore's strong economic rebound affected households across all income groups in the first six months of this year, according to figures released on Friday.
But cost increases were slowest for the lowest earners - those in the bottom 20 per cent by household income.
This is a departure from recent years when rising prices hit them hardest. Figures show that the consumer price index (CPI) for them rose by 1.6 per cent over the same period a year ago.
By contrast, the rise was by 2.1 per cent for the highest-earning households - the top 20 per cent of households.
The CPI increase for the 60 per cent of households in between these two segments was 1.9 per cent.
These figures meant that the overall CPI for all households was 2.0 per cent in the first six months of the year.
Read the full story in Saturday's edition of the Straits Times.
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Poor see slow inflation rise
<!-- by line -->By Fiona Chan and Zakir Hussain
<!-- end by line -->
<!-- end left side bar -->
<!-- story content : start -->
RISING prices in the wake of Singapore's strong economic rebound affected households across all income groups in the first six months of this year, according to figures released on Friday.
But cost increases were slowest for the lowest earners - those in the bottom 20 per cent by household income.
This is a departure from recent years when rising prices hit them hardest. Figures show that the consumer price index (CPI) for them rose by 1.6 per cent over the same period a year ago.
By contrast, the rise was by 2.1 per cent for the highest-earning households - the top 20 per cent of households.
The CPI increase for the 60 per cent of households in between these two segments was 1.9 per cent.
These figures meant that the overall CPI for all households was 2.0 per cent in the first six months of the year.
Read the full story in Saturday's edition of the Straits Times.
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