DPM Tharman in 2012 - High COEs do not affect inflation

[Sammyboy RSS Feed]

An honorable member of the Coffee Shop Has Just Posted the Following:

Should rich kid Tharman (he from ACS) and poor RI boy, but now multi-millionaire, Hng Kiang (The model examplar that ministerial performance is irrelevant so long as the voters don’t get too upset?) be punished by the voters of Hougang for their tasteless jokes on inflation? Latest stats: inflation at 5.4% (even higher than March’s 5.2%)

Deputy Prime Minister Tharman had said the “average Singapore” will not be affected by the high inflation after the latest set of Consumer Price Index (CPI) figures for March was announced only http://atans1.wordpress.com/2012/05/...al-coc-needed/.

Minister Lim Hng Kiang when explaining in Parliament why most of will not be ‘directly’ affected by inflation said, “The two largest contributors to CPI inflation are expected to be imputed rentals on owner-occupied accommodation and car prices. Together, they will account for more than half of the inflation this year. As the majority of resident households in Singapore own their homes, they do not actually incur rental expenditure. Likewise, the majority of resident households will not be directly affected by the rise in COE premiums as new car buyers make up a small proportion of all resident households.

- http://atans1.wordpress.com/2012/05/...t-joke-abt-it/


Click here to view the whole thread at www.sammyboy.com.