Uncle8888's retirement planning on future inflation rate @ 2.5% looking reasonable based on past 20 yrs back-testing data points!
Taking highest inflation rate that will hit him badly is the cost of health care at $1.58 in 2020 to $1 in 2000.
The inflation rate for 20 yrs is about 2.2%
Read? Singapore Inflation Rate In 2020: Here’s How Much Prices Of Everyday Goods And Services Have Increased
This article was updated on 30 May 2021.
We’ve all heard our parents and/or grandparents lament over how expensive things have gotten in Singapore over the years. The main culprit for this is inflation – the higher the inflation, the more expensive things become compared to the previous year.
No matter how frugal we may try to be, we will see ourselves gradually spending more as inflation will increase the prices of even the most basic daily necessities...
