Update on Review of Developing Different Measures of Inflation for Different Key Demographic Segments of Singaporeans

24 Mr Leon Perera asked the Minister for Trade and Industry what has been the result of the Ministry's review of developing different measures of inflation for different key demographic segments of Singaporeans beyond only segments by household income.

Mr Chan Chun Sing: The Department of Statistics (DOS) already compiles Consumer Price Indices for different household income groups, as well as retiree households. DOS is currently assessing the feasibility of developing Consumer Price Indices for other key demographic segments in Singapore. This process takes time as relevant data needs to be gathered, compiled and analysed. MTI and DOS will provide an update when ready.