Grateful to CPI numbers

Singaporeans should be grateful that the CPI only registered a 2% increase in inflation. For this number is used to increase bus fare. Looi Teck Soon from PTC has explained that the 1.8% increase in bus fare is determined by the CPI. If the CPI was higher, then the increase will be proportionately higher.

Next year's CPI is likely to be 4-5%. So commuters must be mentally prepared for a similar