According to mom ( http://stats.mom.gov.sg/ ) the gross monthly income from work is as follow.

Gross Monthly Income From Work
 Median Gross Monthly Income From Work (Including Employer CPF Contributions) of Full-Time Employed Residents
Mid-Year 2006 2007 ​2008 2009 2010 2011 2012 2013 2014​ 2015
  Levels ($) 2,449 2,543 2,897 2,927 3,000 3,249 3,480 3,705 3,770 3,949

The average annual increment compounding % probably roughly about 5.4%.

Going to another website on Singapore CPI, the chart as below. Roughly 2.7%. Thanks to the tapering off in 2015-2016 due mainly I believe to the property curb and low oil price. It would have hit 4%.

What this means for saver is we are able to save half of our annual increment. Perfect !
But wait …. let’s look closer on CPI basket.

Notice something ? Housing and utilities constitutes only 26.3%. Didn’t some guru say ~ …