S'pore core inflation rises to 4.8% in July 2022!

[covertbriar]

Singapore's core inflation rose to a new high of 4.8 per cent in July 2022, according to data from the Department of Statistics on Aug. 23, up from 4.4 per cent in June.


It marks the second straight month in which it exceeded the 4 per cent rate last breached during the global financial crisis.


Headline inflation: 7%


July’s headline inflation, which includes accommodation and private transport costs, was 7 per cent, up from 6.7 per cent in June and representing another multi-year high.


But the Monetary Authority of Singapore (MAS) and the Ministry of Trade and Industry (MTI) maintained their full-year forecast ranges of 3 to 4 per cent for core inflation and 5 to 6 per cent for headline inflation.


They had raised these forecasts in July.

More at https://shrtcô.de/aamQXy

 

[bushtucker]

What to do? Sinkies willing to suck it up and pay high prices for everything. $11 cai png and $15 indian mixed rice. Omg! And the timing to repeal section 377A is so accurate and justifies the economic ass farking that Sinkies enjoy in their everyday lives.

 

[laksaboy]

The real inflation rate is probably at least double that. Remember, this same regime gaslighted you about the PSI during the haze, strong smoke smell, low visibility, but air quality is somehow still 'moderate'.

 

[face the facts]

4.8 % means your chicken rice from $3 to $3.144

its more like $3 to $4.50 knnccb what a load of bullshit

 

[mudhatter]

even stinkies dont believe in these BS numbers nowadays

worse yet they cook up different indices like core inflation, headline inflation.

what next?

topline inflation?
bottomline inflation?

bottomless inflation?
midriff inflation?
toprated inflation?
topsyturvy inflation?
???