http://economics.about.com/cs/money/a/inflation_terms.htm
I think singapore is expereincig both at the same time.
Originally posted by SPLIT SECOND:http://economics.about.com/cs/money/a/inflation_terms.htm
I think singapore is expereincig both at the same time.
No, Singapore is experiencing a spiral inflation, actually inflation should cool down after oil and rice prices drop. It an inflation fever out of nothing, and taking advantages into our countries dependency on import of goods as we lack natural resources, the fever is damn hot, u increase, he increase, she also increase and increase. It an inflation upon inflation, cost overlapping cost scenarios.
In singapore, the demand is more less constant in term of essential goods as we lack natural resources. We can lower our demand on electronics and electrical product, but not our daily toothpaste, washing powder, foods, etc etc
Inflation from minister pay as well!
When good year coming, our minister is the first who get pay increase, when inflation coming, he just ask us to tighten our belt.