WATER PRICES INCREASE 453% BETWEEN 1990 & 2018!

Water: $0.53 per cu m in 1990? 

The price of water was only $0.53 per cu m in 1990.

http://www.nas.gov.sg/archivesonline/data/pdfdoc/PUB19900629.pdf

http://www.nas.gov.sg/archivesonline/data/pdfdoc/PUB19900629.pdf

Water: $2.93 from 1 July 2018?

The price of water is now $2.25 ($2.10 + 7% GST) and will be about $2.93 ($2.74 + 7% GST) after the 30 per cent increase from 1 July 2018.

Water price increase by 453% from 1990 to 2018?

So, does it mean that the price of water may increase by about 453 per cent from $0.53 in 1990 to $2.93 from 1 July, 2018?

Water price increase by 396% in real terms from 1990 to 2018?

Since inflation was about 57 per cent from 1990 (CPI 63.058) to 2016 (CPI 98.932) – does it mean that the price of water may increase by about 396 per cent (453 – 57, assuming 0 inflation from 2017 to 2018) in real terms, by 1 July 2018?

P.S. You may like to watch this 90 seconds video on the Water Price Increase

https://www.youtube.com/watch?v=JQoc-50XTQU

Leong Sze Hian
A.S.S. Contributor

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