My regular insider ES sent me the following link which showed a press release issued by the Public Utilities Board (PUB) in 1990
The water tariff included in the press release indicates that the price of water was only $0.53 per cubic metres for usage below 20 cubic metres that year. The average usage of water by domestic household in Singapore is around 18.7 cubic metres.
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
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