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Making adjustment as inflation persists

I refer to the Editorial, “Making adjustment as inflation persists” (ST, Oct 29.

On Oct 25, it was reported that core inflation, which excludes accommodation and private transport, rose to 5.3 per cent in September from 5.1 per cent in August, while all-items inflation remained elevated at 7.5 per cent. Both are running well above official forecasts for this year.

In addition, MAS predicts that inflation in Singapore will stay high next year even as pace of economic growth slows.

Undeniably, amid this foreseeable and aggravated inflation worldwide, every person (regardless you are young or old, rich or poor) who lives in this high-paced cosmopolitan city – Singapore is facing and will be experiencing different degree of impact of rising costs of living.

One significant fact which the authority needs to bear in mind: For the poor or low-income groups, they can forgo all unimportant or unnecessary items or expenses in life without hesitation, except the needy expenses of their beloved children’s education, daily food essentials and public transport.

Despite this, the Government’s persistent decision to increase the GST for 1% by next January, it will be “one disaster after another” to the low-income groups , unemployed and underprivileged people and elderly folks, as they are struggling very hard to make ends meat. Hence, increasing of GST will indisputably exaggerate the inflation to another height.

In short, it is likened to rubbing salt into their wounds as they will encounter or experience double blow at the same time.

Needless to say, it is common sense that most people are wise enough to adjust their lifestyles, ways of managing their finance and
instinctively adjust their frame of mind if inflation persists, as it is the nature of human instinct, and ultimately for the sake of survival.

Last but not least, it is very crucial for the Government to continually provide financial supports for the families of low-income groups, unprivileged, unemployed and elderly people/seniors, preferably inclusive of self-employed personnel such as taxi drivers and the private hire vehicle drivers.

 

Teo Kueh Liang (Mr)

 

 

yyy
READER COMMENTS BELOW

14 Responses to “Making adjustment as inflation persists”

  • Brother John:

    come Jan 2023, the GST upped by pap, sinkies cost of living will increase by 14.29257142%.

    simply said, inflation in pap regime, immediately, goes up by another 14.29%.

    root cause of inflation. by pap raising GST.

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  • opposition dude:

    PAP doesn’t care lah, don’t fool yourself into thinking that they do hor.

    As far as they are concerned, a few transport/GST vouchers every few months resolves the problem and they can go on increasing whatever they want after that. Same nonsense printed in the newspapers every single time about how hundreds of thousands of vouchers are being sent out to thousands of families in whichever months stating this will help to fight inflation and pay the bills.

    All these vouchers wouldn’t be required if the cost of living wasn’t so high in the first place.

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  • Soccerbetting2:

    Watch this interesting news reported on the TISG website 2 hrs ago -”North and South Korea exchange barrage of missiles off coasts in major escalation
    Pyongyang firedPui! 23 missiles while Seoul fired three

    Arpan Rai
    2 hours ago….”Unquote.

    Response :Both Korea countries shooting each other.Third world war may fired up very soon ,who knows? Can you Lee Hsien Loong ensure evil b**** backside woman minister of substainability Grace Fu to ensure Singapore has enough cheap food substainability for the next ten years if world war 3 happen to break out ! Else, everybody will die of hunger !

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  • P Against People:

    Governing with pride: We give you $2 food voucher. Cannot buy cig. Cannot buy TOTO. Cannot buy sex. Also cannot buy food. $2 can only get a cup of kopi.

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  • Flow:

    Go take a LEAF from the down TRODDEN MALAYSIA !

    They are selling low cost houses for S$10,000/-

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  • MarBowling:

    Very clear as the Blue Sky of SinKapore:

    By ORDERING and INSISTING that his supposed POTENTIAL Seatwarmer cum 4th PeeM, Son of Wangsa to ANNOUNCE the increase of GST from 7 to 8% next year, Mai Hum has ACTUALLY THROWN him under the Bus and also place a Banana Skin under him to ENJOY! Son of Wangsa, Jia Yu!

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  • PAP mandate strong:

    Hey !

    What happen ? How comw Self proclaimed street smart cannot handle price increases ?

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  • dodo:

    Increasing GST is the same as having them stretch out their hands to get money without equivalent increase in value to the community. Multi millionaires like them only know how to ask for money and more money, nothing else to shout about.

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  • xoxo:

    Fact remains that G$T INCREA$ES affect the poor/ordinary citizens like seniors and jobless more so than others.
    The Well-Heeled is least impacted.
    During times like this,it is only a ruthless and inconsiderate G that would add FUEL to INFLATION BY RAI$ING GST N OTHER FORMS OF LEVIE$ such as in utilities,etc.

    Gst is regressive,so too *GRC*.

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  • idontbelieveinccpbs:

    GST, Petrol, Rental, Utility, Transport/COE/ERP – all these amongst highest in the world, inflicted by PAPPY.

    You asking them to help you?

    The only way you want to rid all these is to vote them out!

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  • Rubbish:

    Inflation is just a single digit number.

    It is still very difficult to get a taxi or PHV on any platform
    It is still very easy to buy a car, just throw money.
    It is still very crowded at Changi airport
    It is still very crowded at causeway, tuas checkpoints.
    It is still very crowded on MRT
    It is still very crowded at food courts, shopping malls.
    It is still very crowded at HDB sales office.

    People with less money have nothing more to lose…

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  • How Lian Sgpn:

    I’ve recently visited some malls, hawker centres, kopitiams and shops in HDB heartlands.

    To my surprise, I still see huge crowds spending on food with high prices like there is no tomorrow.

    No matter how much the hawkers raised their prices, many people will still buy from them.
    I find SGP residents here are very rich to afford anything they wanted. They don’t bat an eyelid.

    So I think 9% GST is really not enough to inflict any pain. Better to increase the GST to at least 15% or 20% !! Come on PAP bring it on. Its still very platable to the people.

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  • MarBowling:

    How Lian Sgpn:
    November 7, 2022 at 9:28 am (Quote)
    I’ve recently visited some malls, hawker centres, kopitiams and shops in HDB heartlands.

    To my surprise, I still see huge crowds spending on food with high prices like there is no tomorrow.

    No matter how much the hawkers raised their prices, many people will still buy from them.
    I find SGP residents here are very rich to afford anything they wanted. They don’t bat an eyelid.

    So I think 9% GST is really not enough to inflict any pain. Better to increase the GST to at least 15% or 20% !! Come on PAP bring it on. Its still very platable to the people.

    Response: Woody CHOKing Tong was NOT BLUFFING especially to those How Lian SinKaporean when he PROMISED and proclaimed: Vote for the farking PAPigs for MORE GOOD YEARS!

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