Source: Straits Times, 25 Aug 2009
This group was affected most by food and housing prices in first six months
By Joyce Teo
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.