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Thread: Inflation erodes your CPF savings and cash

  1. #1
    Music of the night

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    Default 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.

  2. #2
    Music of the night

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    Default 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.

  3. #3
    Music of the night

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    Default RON95 back above $2 !!!

    Caltex raises petrol and diesel pump prices
    CALTEX has increased the retail prices of all grades of petrol and diesel by $0.04 a litre on Wednesday.

    Regular 92 is now $1.987, up from $1.947, while the new price of Regular 95 is $2.047 (previously $2.007).

  4. #4
    Music of the night

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    Default Preschool fees

    Cost of sending a kid to a decent preschool is now $30k over 4 years

  5. #5
    Music of the night

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    Default Kopi price up up up

    Starbucks hiked drinks prices by between 10 and 30 cents. A tall latte is now $5.50, up from $5.30, and a tall mocha frappuccino is $5.80, up from $5.50.

    Ya Kun, raised its coffee prices by 20 cents last month.

  6. #6
    Bricks & Mortar

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    Quote Originally Posted by phantom_opera
    Starbucks hiked drinks prices by between 10 and 30 cents. A tall latte is now $5.50, up from $5.30, and a tall mocha frappuccino is $5.80, up from $5.50.

    Ya Kun, raised its coffee prices by 20 cents last month.
    Well, almost everything also up. CPI 5.5%...in Jan, normally index is really basic, not sure it is applies to normal citizens..., maybe for those low income who eat bread and kopi black, no sugar, Bus 11 (walk) as main mode of transport, buy NTUC housebrands only, stay in 3rm flat or smaller, if have kids they go PAP kindergarten, no external tuition. No movies, just watch TV as recreation and go beach as family outing, packed home cooked food for picnic....

  7. #7
    Newbie

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    Default not sure if i qualify

    Quote Originally Posted by land118
    Well, almost everything also up. CPI 5.5%...in Jan, normally index is really basic, not sure it is applies to normal citizens..., maybe for those low income who eat bread and kopi black, no sugar, Bus 11 (walk) as main mode of transport, buy NTUC housebrands only, stay in 3rm flat or smaller, if have kids they go PAP kindergarten, no external tuition. No movies, just watch TV as recreation and go beach as family outing, packed home cooked food for picnic....
    not sure if i qualify to be low income but i'm already eating bread and kopi black, no sugar, Bus 11 (walk) as main mode of transport, buy NTUC housebrands only, stay in 1 bedroom condo, if have kids they go full day childcare cuz no $$$ to employ maid, no external tuition my wife or grandparents teach. No movies, just sleep as recreation and go west coast park as family outing, packed home cooked food for picnic


  8. #8
    OCR properties going to crash!

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    Should use the affordability indicator by average folks instead . CPI is not accurate and only indicating basic necessity

  9. #9
    Music of the night

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    Default Gardenia high fibre white bread

    Quoted from [url]http://www.post1.net/lowem/entry/bread_and_inflation[/url]

    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%

  10. #10
    Junior

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    Quote Originally Posted by phantom_opera
    paste price hike of any item you know in this thread........
    the most obvious is:
    property price up
    rental up

    sorry, not staying in Singapore, so cannot think of any food items.

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