Inflation

Summarization of the article The article I would like to discuss active is The dollars and sense of inflation for the Straits Times newspaper create verbally by economics correspondent Aaron Low. In the article, the author discusses somewhat the inflation report in capital of Singapore which came with two indicators. The low was a breakd feature of how inflation had affected the various income groups. match to the De resolvement of Statistics (DOS), the top 20 percent of income earners face with a 5.7 per cent inflation pass judgment due to the rising be of private transport and property rental while the come home 20 per cent saw prices work up by whole 4.7 per cent. Another new indicator by DOS excluded the be of housing rents. DOS reasoned that since 87.2 per cent of Singaporeans own their own housing, the new indicator was complied as an additional indicator to memorial households actual expenditures. In this indicator, the inflation rate for the lowest 20 per cent was on the dot 2.2 per cent less(prenominal) than half the rate that the top 20 per cent experienced. The writer mentioned that inflation is just half of the equation calculating the impact of rising prices on the welfare of people and how fast incomes have raised as matters.

The writer argues that the raze income groups may have been hit with lower inflation but their incomes also rise by less than what the top percent enjoys. The writer mentioned that another reason not to worry too much about a rise in the consumer price index is that a large part of the price rise results from higher(prenominal) housing costs and higher costs of owning a car. The writer also highlighted what is more anguish is that prices are rising across the board. The Monetary Authority of Singapores core inflation stood at 2.6 percent in December, which is much higher than the historic rate that is usually on a lower floor 2 percent. Health-care costs, education and stationary costs also locomote steadily over the past year. The author summarized that it is getting more and more expensive to... If you want to get a full essay, edict it on our website: Orderessay

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