Sammyboy RSS Feed
26-07-2016, 06:21 PM
An honorable member of the Coffee Shop Has Just Posted the Following:
According to The Straits Times, July 26, 2016, page A5,
Quote:
Households in the highest 20 per cent income group experienced a 1.1 per cent decline in their consumer price index.
This was larger than the 0.7 per cent dip experienced by the middle 60 per cent, mainly because cars accounted for a larger share of expenditure for those in the higher income group, and car prices have been declining on the back of cheaper certificate of entitilement premiums.
However, he [CIMB Private Bank economist Song Seng Wun] noted that food price inflation might continue inching upwards this year.
The food component of the consumer price index rose 2.1 per cent in the January to June period over a year ago.
"There is that worry that the weather could lead to supply disruptions...Some commodity prices have started to pick up," Mr Song added.
Click here to view the whole thread at www.sammyboy.com (http://singsupplies.com/showthread.php?233415-Highest-income-group-benefited-the-most-from-lower-inflation-Guess-the-country&goto=newpost).
According to The Straits Times, July 26, 2016, page A5,
Quote:
Households in the highest 20 per cent income group experienced a 1.1 per cent decline in their consumer price index.
This was larger than the 0.7 per cent dip experienced by the middle 60 per cent, mainly because cars accounted for a larger share of expenditure for those in the higher income group, and car prices have been declining on the back of cheaper certificate of entitilement premiums.
However, he [CIMB Private Bank economist Song Seng Wun] noted that food price inflation might continue inching upwards this year.
The food component of the consumer price index rose 2.1 per cent in the January to June period over a year ago.
"There is that worry that the weather could lead to supply disruptions...Some commodity prices have started to pick up," Mr Song added.
Click here to view the whole thread at www.sammyboy.com (http://singsupplies.com/showthread.php?233415-Highest-income-group-benefited-the-most-from-lower-inflation-Guess-the-country&goto=newpost).