Netizens cautiously optimistic even as inflation improves and PM announces more handouts

Even after PM Wong's latest assurances that inflation would ease in 2024, netizens remain sceptical.

In the full video posted on his social media pages, the PM also added that income is expected to grow in the coming months.

According to IMF data, inflation in Singapore has fallen from 4.8% in 2023 to 3% as of April 2024. This puts Singapore slightly ahead of Malaysia (2.8%) and Indonesia (2.6%).

However, he also acknowledged that the rising cost of living is a major issue for Singaporeans, and thus announced new utilities rebates, CDC vouchers, and cash payouts to mitigate the effects.

Some netizens welcomed the announcement of concrete plans by the government, but others were more sceptical of their effects.

Many said they would believe the improvement to living costs when they see it, adding that this was a recurring problem.

Others also expressed concerned about the sustainability of government handouts, wondering if a better solution would be to not raise prices in the first place.