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LoginInflation in Singapore Hits 6.7% for Feb 2008!!!
204 posts
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For those P4P lackeys who hypothesize that inflation is global and all other countries are experiencing high inflation.
The inflation statistics for Australia for the year 2007 was 3%.
http://www.abs.gov.au/ausstats/abs@.nsf/mf/6401.0/
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Originally posted by maurizio13:
For those P4P lackeys who hypothesize that inflation is global and all other countries are experiencing high inflation.
The inflation statistics for Australia for the year 2007 was 3%.
http://www.abs.gov.au/ausstats/abs@.nsf/mf/6401.0/
I think should find for other countries too, and if most are lower, it will silence them.
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Originally posted by t_a_s:
I dont mind price hike, but salary must also increase.In our case, salary is decreased by FT competition.
Govt reply: We have done our part for the public sector; we raised the pay. For those of you who want to join the private sector, it is up to the private companies to do their part now. We can only encourage and set an example.
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Taiwan's CPI 3.89%
http://eng.stat.gov.tw/point.asp?index=2
New Zealand's CPI 3.2%
UK CPI 2.5%
http://www.statistics.gov.uk/cci/nugget.asp?id=19
Germany's CPI 2.8%
France's CPI 2.8%
http://www.insee.fr/en/indicateur/indic_conj/indconj_frame.asp?ind_id=29
Ireland's CPI 4.77%
http://www.cso.ie/statistics/cpi2008.htm
Japan's CPI 0.7%
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I guess the inflation is due to the P4P's government decision to maintain a lower Singapore exchange rate agains the US dollar to encourage more foreign
direct investments.
But this effort has the effect of a double edged sword, while it might encourage investments to a certain extent, it leads to higher inflationary pressures for
her citizens, because all of her agricultural products are imported.
Suppressing the exchange rate against the US dollar is a futile, desperate and stupid attempt to maintain a competitive edge against other economies.
With a lower exchange rate our products end up selling for less in the world market, while prices of our agricultural imports increase by leaps and bounds.
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Malaysia's CPI Feb 2008 ( year on year) was 2.5%.
http://www.statistics.gov.my/english/frameset_cpi.php?file=cpifeb08
P4P lackeys can't take the negative news on inflation?
Edited by maurizio13 24 Mar `08, 6:19PM
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you realise of course that quoting countries with lower inflation rates AND a widening exchange rate gap proves the case for inported inflation instead of the reverse?
And lol on taking normalised short term results so seriously. Hey gold fell quite a bit last week. If we normalise it, it should be practically free by next year.
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Originally posted by deathbait:
you realise of course that quoting countries with lower inflation rates AND a widening exchange rate gap proves the case for inported inflation instead of the reverse?
And lol on taking normalised short term results so seriously. Hey gold fell quite a bit last week. If we normalise it, it should be practically free by next year.
As usual you are not making much sense.Huh? Gold practically free by next year?
You applying your theory of relativity here too?
Food, transport and housing has gone up considerably after the GST hike and government's policy on immigrants,
coupled with government's policy of maintaining a lower exchange rate has exacerbated
the rate of inflation even further.
Short term? GST hike was phased in mid of 2007.
Long term? Like they say, in the long term we will all be dead.
Edited by maurizio13 24 Mar `08, 7:39PM
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It seems that every one has forgotten about the inflation after the Mas Selamat episode sidetrack them, now PUB is going to increase its electricity charges again.How the GST increase aggravated the hardship of the heartlanders, only God knows who are sucking whose blood till you lie on your dead bed and they openly declared that most poor heartlanders could live beyond 80!
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Originally posted by maurizio13:
As usual you are not making much sense.Huh? Gold practically free by next year?
You applying your theory of relativity here too?
Food, transport and housing has gone up considerably after the GST hike and government's policy on immigrants,
coupled with government's policy of maintaining a lower exchange rate has exacerbated
the rate of inflation even further.
Short term? GST hike was phased in mid of 2007.
Long term? Like they say, in the long term we will all be dead.
gaussian statistics + refusal to recognise the importance of long term assumption = doomed to failure.
Which is why I raised the example of gold. But hey, I once again overestimated your ability to understand simple issues.
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Everything blame PAP, tis blame
I tell your, wake up... Alrdy prices of commodities are alrdy driving ppl up the wall... Wheat is now more costlier than rice and there's parasites growing in Vietnamese rice which is threatening supplies of rice which has been very tight alrdy aft China and India importing rice from Thailand
The only staple food which prices has not gone up is potato
Edited by sbst275 25 Mar `08, 9:33AM
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Originally posted by sbst275:
Everything blame PAP, tis blame
I tell your, wake up... Alrdy prices of commodities are alrdy driving ppl up the wall... Wheat is now more costlier than rice and there's parasites growing in Vietnamese rice
Ermmmm.....But how come other countries facing the same commodity prices are having lower inflation rate than Singapore?
What is your Economic explanation?
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