Government's definition of what increases inflation

Hmmm, let's just say i've learned something new from the government in it's definition of what factor actually increases inflation that i didn't learn from my economics and finance classes.

the latest headlines to shock singaporeans out of it's morning sickness:

Finance Minister Tharman Shanmugaratnam has warned that Singapore could face another round of inflation if companies increase wages to help workers cope with the higher cost of living today.

and the rest of the earlier headlines...

Minister Mah says cutting petrol taxes not the way to cushion rising oil prices.

NTUC Chief warns that stagflation is the worst case scenario S’pore could face.

Analysts favour new fare formula as inflation is taken into account.


so the signals that it's sending out is that:
raising ERP = not increasing inflation, controls traffic congestion
raising transport fares = not increasing inflation, increase operation cost
raising utility bills = not increasing inflation, due to higher oil prices
raising food prices = not increasing inflation, due to shortage of food worldwide
raising GST = not increasing inflation, government need additional income.
raising house prices = not increasing inflation, due to market valuation

so what increases inflation?
according to minister of finance, it's increasing wages.

and best of all, PM Lee urges more Singaporeans to donate while everything is increasing except our salaries. i nearly fell off my chair.

how much have prices increase? my nearby coffeeshop's char siew rice:
before GST increase to 7% = $2
GST 7% = $2.5
food prices increase + utility + rental increase = $3.2
simple calculation will tell u that it's a increase of 60% (hey, it's a coincidence, maybe that's why minister's pay increase by 60% too!)

i'm okay if they recommend companies not to increase my wages to battle inflation if every prices dun increase by so much but when everything is increasing by a huge amount, i dun think it's gonna find any favours with singaporeans. to many of us, it's a huge slap in the face especially when ministers have a pay increase earlier this yr by up to 60%... are they losing out of touch? if they hold an election now, i can confirm they're gonna lose lots of votes and when election comes, somehow, the economy will be doing well and the government have spare freebies to give to everybody.

i mean u can only use this trick so many times by as people gets more educated, we can count and learn the simple logic behind it. the cycles goes like this:

1st yr after election - freebies and good news fades and prices will slowly increase
2nd yr - price increase starts to pick up pace and bad news start flowing in
3rd yr - price increase at full steam and Armageddon message at full steam
4th yr - price increase freezes and good news start coming in
5th yr election - freebies galore and singapore's economy miraculously is doing very well

i can sustain comfortably by cutting out some simple pleasures but what about the poor? their pay is low and still have to compete with FT! that's really uniquely singapore!

water up to nose - mindless rants

the funny thing about life is how ironic it can be.

i take bus A to work but occasionally, i also take bus B to other sites but when i waited for bus A, bus B always comes first but when i waited for bus B, bus A always comes first... piss me off...

and taxi is never there when u needed one, arrrrgggg!!!!

the thing about my work is that when it's low key period, there really isn't work to do but when tasks come, it's fast and furious that almost land a sucker punch on me and now the water is up to my nose and i'm treading water to survive. haha.

best of all, my exams are due next weekend and lots of work is piling up.
when it don't rain, it's on drought but when it does, it really pours.
really, hope to have more time to study and not resort to last minute cramping work, as i grow older, i realised that the earlier i study, the better i score as i can grasp the concept better so dun have to mentally photocopy the text and memorise so much compared to last minute cramping, can't remember clearly, can't explained clearly as it's all regurgitated from brain.

i know that I'm good at studying, and i'm good at maths/science especially but i'm just plain lazy to memorise those subjects that requires warehouse space to store facts which doesn't need much thinking but i know that if i put some effort, i can really score, hahahaha

really miss those days where i'm a full time student, no pressure, not much worries.

when you're young, u have lots of time and dreams but no money but when you grow old, u have money (whether alot is another issue) but no time and dreams are just dreams.


dang enuff of ranting to release steam for the day...