Water price increase by 453% from 1990 to 2018?

img_0008

March 14, 2017

Big thank you to ES

My regular insider ES sent me the following link

Water: $0.53 per cu m in 1990? 

– which indicates that 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

L

Leong Sze Hian

SHARE TWEET PIN SHARE

About the Author

Leong
Leong Sze Hian has served as the president of 4 professional bodies, honorary consul of 2 countries, an alumnus of Harvard University, authored 4 books, quoted over 1500 times in the media , has been a radio talkshow host, a newspaper daily columnist, Wharton Fellow, SEACeM Fellow, columnist for theonlinecitizen and Malaysiakini, executive producer of Ilo Ilo (40 international awards), Hotel Mumbai (associate producer), invited to speak more than 200 times in about 40 countries, CIFA advisory board member, founding advisor to the Financial Planning Associations of 2 countries. He has 3 Masters, 2 Bachelors degrees and 13 professional  qualifications.