Is this what we Singaporeans want to read as they (PAP) would have us believe?
Let's analyse.30 August 2007
Straits Times
Inflation gap narrows between bottom and top income groups
By Nicholas FangWhile prices for Singaporeans staged their biggest monthly increase in 12 years last month, people in the lowest income groups saw a far lower rate of inflation in the first six months of the year than in the same period last year.
Latest figures out yesterday show that the consumer price index (CPI) for the bottom 20 per cent of the population by income rose 1.1 per cent.
This compares with the 2.2 per cent rise for the January-to-June period last year.
The Department of Statistics (DOS) numbers also show that the gap between the inflation rates of this segment and the top 20 per cent of the population by income narrowed to 0.4 percentage point. This is the smallest difference seen in four years.
Prices for higher income households rose 0.7 per cent in January to June over the corresponding period last year.
Do you all see that the 'Lowest 20%' figures are always higher than the 'Highest20%' figures?
1) This means that the 'lowest 20%' income group have always suffered a worse inflation as compared to the 'highest 20%'
2) The duration in the report mentions only up to June. Why not include July when the GST hike took place? Then surely the inflation gap would not have been narrowed as claimed?
Welcome to the Good News Times, Propaganda machine. I'm sick of it.
