DPM Tharman: "Most Singaporeans Unaffected By High Inflation Rate"

[.Hack]

DPM Tharman: Most Singaporeans Will Not Feel The Effect of High Inflation Rate



Despite the shocking high inflation rate of 5.2 percent in the first quarter of the year, Deputy Prime Minister and Minister for Finance and Manpower Tharman Shanmugaratnam said most Singaporeans will not be affected by it as more than half of the headline inflation rate of 5.2 per cent came from higher COEs for cars and the effect of higher market rent on houses.

He added the increase in prices of daily necessities and essential services such as food and clothing have actually been much more moderate at three per cent or lower.

Speaking at the May Day Dinner, Mr Tharman said:

“The vast majority of Singaporeans, who already own their homes and are not buying a new car, will not feel the effects of these sharp increases. The increase in prices of daily necessities and essential services, such as food, clothing & footwear and education, has actually been much more moderate, at three per cent or lower. The inflation in actual household expenditures for most Singaporeans is hence lower than five per cent.”

Mr Tharman reassured Singaporeans that the government is monitoring the situation closely and the Monetary Authority of Singapore (MAS) has been strengthening the value of our dollar to reduce the impact of imported inflation.

[.Hack]

What's this bald guy talking about?
Stagnant salary, everything price increase how can not affected?
I will also not be affected if i have his salary.

[Kohaku]

Then I am the minority few. I own a HDB, dun own a car and I still feel the pinch of having to pay a higher price for food and daily uses.

I wonder if ever rents will come down since the rent control act is removed in the 80's. It partly contributes to the higher price we are paying.... And to think some ministers said it will self regulate, but it actually isn't.

hai.....

[.Hack]

Originally Posted by Kohaku

Then I am the minority few. I own a HDB, dun own a car and I still feel the pinch of having to pay a higher price for food and daily uses.

I wonder if ever rents will come down since the rent control act is removed in the 80's. It partly contributes to the higher price we are paying.... And to think some ministers said it will self regulate, but it actually isn't.

hai.....

Talk is empty bro, alot of NATO "Mini-star" around.
Some HDB flats are selling at higher price than Condo and private houses.
A 5-room resale unit around my estate is already going at close to $800k liao.

[DinOBeeR]

how come his head not shinning anymore leh?
hmm izzit no $$$ to buy coconut oil due to inflation huh?

open eyes but talk blindly

[Ah_ZhaN]

The property and cars prices are screwed by their home made polices ... and yet they are paid millions of dollars to come out with words to convince, rather than making life better.

[tangmulong4488]

of course he is not affected with his million $ salary... what does he know about common people life?

[globalcookie]

How come all these speakin from e arse message (eg $1k income can own flat, and now most not affected by inflation) didn't come before GE? NBz...

Obviously these PAP ministers are totally distanced from the ground.

[phillife76]

Nowadays these minster up there only need to talk to sound nice..get high pay to talk and sound nice... I feel disgusted that they can blind their heart and sleep well at night when the people are suffering under their policies....

[.Hack]

Originally Posted by globalcookie

How come all these speakin from e arse message (eg $1k income can own flat, and now most not affected by inflation) didn't come before GE? NBz...

Obviously these PAP ministers are totally distanced from the ground.

They can't, even Pinky Loong had to "apologise" to gain votes.

They can come out with all the jiao wei that piss off alot of Singaporeans.
But come next GE, give out some "carrots", talk nicely, people will still vote for them.
Then after GE, all chut pattern again, it's a vicious cycle.