The Poor suffers the most again

[MarrickG]

SINGAPORE's poorest 20 per cent were hit twice as hard by inflation than better off households during the first half of the year, new Government figures show.

Largely because of rising food and housing prices, the low-income group experienced inflation at 1.6 per cent in the six months to June, compared to 0.7 per cent for the middle 60 per cent and 0.9 per cent for the top 20 per cent of households. But these price rises are well down on the levels seen just a year ago.

Overall, the average household saw a 0.8 per cent inflation rate in the first half of the year, compared with the whopping 7.1 per cent in the same period last year, said the Department of Statistics on Monday.

The steeper rise for the lower paid is largely down to their being disproportionately impacted by higher prices for basic commodities such as housing, power, transport and food.

July's consumer price index (CPI) - the main measure of inflation - was down 0.5 per cent on the same month a year ago due to lower transport, housing and recreation costs.

Comparing July 2009 with July 2008, housing costs dropped 1.3 per cent - largely down to cheaper electricity - while transport and communications costs fell by 3 per cent, mainly because of petrol price falls. With lower holiday travel costs, recreation too dipped by 0.9 per cent.

Economists are expecting these mild year-on-year price falls to turn positive soon. 'Although prices are still dropping year-on-year, the rates of decline are starting to slow,' said Mr Song Seng Wun, an economist from CIMB-GK which is expecting mild deflation for the remainder of this year.

After stripping out the 'seasonal' effects, the CPI was up 0.3 per cent in July over June, after rising 0.2 per cent in June and 0.8 per cent in May.

This was largely due to a 1.4 per cent hike in housing costs because of higher electricity tariffs, plus service and conservancy charges. Rebates were given in June, but not July. Also, food prices dipped 0.1 per cent in July over June, while transport and communications costs rose 0.7 per cent, according to CIMB-GK.

The Monetary Authority of Singapore (MAS) is predicting full-year inflation will come in at between minus 0.5 per cent and 0.5 per cent.

 

[Watchman]

 

[leetahbar]

and we tot increase in GST were to help the poor. so pinkie lies to us all this time??

 

[Watchman]

 

[Conan the Barbarian]

They deserve it. Bulk of the voted for it.

 

[guavatree]

lanjiao sucking unemployed parasite old fart faggot fake monk PAP dog Bob Sim Kheng Hwee,

temple thief, swindler, fraudster, cheat, con-artist, liar, hypocrite, deceiver, betrayer, all rolled into one!

Illicit gay activities:

Penal Code Section 377A states, “Any male person who, in public or private, commits, or abets the commission of, or procures or attempts to procure the commission by any male person of, any act of gross indecency with another male person, shall be punished with imprisonment for a term which may extend to 2 years.”

Cheating:

Whoever, by deceiving any person, fraudulently or dishonestly induces the person so deceived to deliver any property to any person, or to consent that any person shall retain any property, or intentionally induces the person so deceived to do or omit to do anything which he or she would not do or omit if he or she were not so deceived, and which act or omission causes or is likely to cause damage or harm to that person in body, mind, reputation or property, is said to "cheat". For example, A cheats if he intentionally deceives Z into a belief that A means to repay any money that Z may lend to him when A does not intend to repay it, and thereby dishonestly induces Z to lend him money. Cheating is punished with imprisonment of up to one year, or a fine, or both.

Father bashing:

Voluntarily causing hurt – A person causes hurt when he or she causes bodily pain, disease or infirmity to any person. Whoever does any act with the intention of causing hurt to any person, or with the knowledge that he is likely to cause hurt to any person, and does cause hurt to any person, voluntarily causes hurt. The penalty for voluntarily causing hurt is imprisonment of up to one year, or a fine of up to S$1,000, or both.

Theft of Temple Funds:

Theft is committed when a person, intending to take dishonestly any movable property out of the possession of any person without that person’s consent, moves that property in order to effect the taking. The penalty for theft is imprisonment of up to three years, or a fine, or both. It is more common, however, for offenders to be charged with committing theft in a building, tent or vessel, which is used as a human dwelling, or for the custody of property. The penalty for this more serious offense is imprisonment of up to seven years, and also a fine.

 

[po2wq]

... SINGAPORE's poorest 20 per cent were hit twice as hard by inflation than better off households during the first half of the year, new Government figures show. ...

oh! ...

gst was increased 2 help ze poor ...

muz b gst nt enuff ...

juz raise gst sum more, can oredi ...