Market Review and Trends
Can Singaporeans Keep Up? Examining the Disparity between Inflation and Wages Growth over the past decade
By Learn To Invest  •  May 28, 2023
Inflation has been a very hot topic in 2022 and 2023. I personally feel the pinch regarding food where I bought a bowl of “ban mian” previously for $2.50. Subsequently, a couple of months later, it increased to $2.80. Thereafter, $3 and now it is selling at $3.50. Of course, it is still very affordable. However, the sheer increase in price is over 40% which is pretty ridiculous. Since then, I have been very conscious of inflation around me. I am sure, many people are wondering whether the salary in Singapore is growing in line with inflation. Me too. I am curious, let’s find out today then! Median Annual Salary (Over the past 10 years) We have gathered the data from, MOM Labour Force 2022 report, where we summarise the Median Annual Salary over the past 10 years. Salary has increased steadily year-by-year. However, is our wages growing in line with inflation? Inflation Rate (Over the past 10 years) The Inflation Rate in...
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By Learn To Invest
Not an investment genius, but someone who is learning and sharing my findings on personal finance and investing. I have amassed my knowledge through internships, amazing mentors and books. I developed this blog to document my investment path and demonstrate to the general public that anyone can learn to manage and increase their own money with the right framework of investing and thinking. In that spirit, I intend to share my thoughts and opinions as open as possible in this blog. Because of familiarity and my knowledge with the SG companies, I began my investing in SG markets in 2019. I eventually expanded to invest in the Hong Kong and the United States markets.
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