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Inflation hits poorest 20% twice as hard

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Inflation hits poorest 20% twice as hard

Latest News Headlines - Tue, 08/25/2009 - 08:00
 
SINGAPORE's poorest 20 per cent were hit twice as hard by inflation than better off households during the first half of the year, new Government figures show. Largely because of rising food and housing prices, the low-income group experienced inflation at 1.6 per cent in the six months to June, compared to 0.7 per cent for the middle 60 per cent and 0.9 per cent for the top 20 per cent of households... more

 

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