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Inflation: How much can we really save?

Submitted by smong on April 29, 2012 - 1:36am

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Eight months ago, heartlanders who The New Paper's Maureen Koh spoke to said they were not overly concerned about how inflation would hit their pockets.

Now, their tune has changed. Out of the 60 heartlanders she approached, 45 were worried about rising prices.

Their sentiment is a response to the latest figures on Monday, where Singapore’s inflation rate rose to 5.2 per cent year-on-year last month, from 4.6 per cent in February.

Some assurance came from the Ministry of Trade and Industry (MTI) and the Monetary Authority of Singapore (MAS) yesterday, though.

Both said In a letter published in The Straits Times that Singapore’s inflation is currently high, but adds that its impact on the majority is much less than suggested by the headline numbers.

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