[Bigiron]

 What are the factors that cause inflation in Singapore

Meta AI: The main factors contributing to inflation in Singapore include ¹:

- *Housing and utilities*: This category has a significant impact on the Consumer Price Index (CPI), accounting for 25% of the total.
- *Food prices*: Food accounts for 21% of the CPI, making it another substantial contributor to inflation.
- *Transportation costs*: Transportation, including private transport, also plays a role in inflation.
- *Recreation and cultural activities*: This category, which includes holiday expenses and recreational services, can also drive inflation.
- *Healthcare costs*: Outpatient services and other healthcare expenses contribute to inflation as well.
- *Global economic trends*: Singapore's economy is heavily influenced by global trade and economic conditions, which can impact inflation rates.

These factors can lead to fluctuations in the inflation rate, which is currently at 2.4% as of June 2024 ¹.

Does increase in water tax and GST hike help in increasing inflation

Meta AI: Yes, increases in water tax and GST (Goods and Services Tax) can contribute to higher inflation in Singapore. Here's how:

1. _Water tax increase_: A rise in water tax leads to higher costs for households and businesses, which can result in increased prices for goods and services, contributing to inflation.
2. _GST hike_: An increase in GST, a broad-based consumption tax, directly affects the prices of most goods and services. This can lead to higher production costs, causing businesses to raise their prices, and ultimately driving inflation up.

These tax increases can lead to:

- Higher cost of living
- Increased production costs for businesses
- Higher prices for goods and services
- Reduced purchasing power for consumers
- Potential for wage-price spiral (if wages rise in response to higher prices)

However, it's important to note that the Singapore government has implemented measures to mitigate the impact of these tax increases on inflation, such as:

- Progressively introducing the GST hike
- Providing offsets and rebates to support low- and middle-income households
- Implementing price control measures

The government aims to balance the need for revenue with the potential impact on inflation and the economy.

[EvertonDiehard]

Core inflation in S'pore is calculated excluding accommodation and private transport, so the real rate of inflation should be significantly higher. Shouldn't the authorities be served a POFMA for feeding the public fake news?

[EvertonDiehard]

It is a fact that govt policies increase the cost of living for S'poreans. Changes in govt policies, such as hikes in taxes or lowering of subsidies, affect inflation rates. An increase in the water tax leads to higher costs for both households and businesses, thereby increasing the prices of goods and services. This leads to inflation. The GST hike directly causes the prices of most goods and services to increase, leading to higher operating costs, so businesses increase prices to stay profitable. This drives up inflation.

[Gemstar]

Core inflation in S'pore is calculated excluding accommodation and private transport, so the real rate of inflation should be significantly higher. Shouldn't the authorities be served a POFMA for feeding the public fake news?

There got special privilege of impunity in all claims. Having said this, no one shd be above the laws. But, there are many who are above the laws just becos they can flex bigger muscles. These are the groups of shit people that destroyed the image of our country.

[EvertonDiehard]

S'pore seems to rank between 3rd and 4th consistently in the World Crony Capitalism rankings. It is really shameful for a self-proclaimed "honest" govt.

[Ola]

They cannot control inflation because they are causing it

for their own self- interest, lah

I don't need idiots like Cotton Chan to lie to me.