Member-only story
Inflation is hitting many Singaporeans hard. With the lack of job opportunities by competing with foreigners for jobs in their own country to increasing costs like increasing food prices, fuel tax, water hikes, the price increase never ends after the 2020 General Elections.
Even though this is expected — price and tax increases after every election, followed by some disbursement of government grants before the election cycle, this year hits hard as many businesses are still recovering from the pandemic slump.
COE prices are on the rise. The COE for motorcycles definitely cost more than twice the price for motorcycles, likewise for cars.
This matters to everyone as many vehicles like cars, motorcycles and vans are used for logistics, and this affects business costs which in turn causes inflation.
Fuel prices are up because oil prices are up, fuel prices don’t seem to go down much even when oil prices are low. And now, fuel taxes are up as well. (Since 2021)
With high inflation, the government seems to be keen on increasing GST to 9%, and the declaration of the increase has already caused…
