Martin Bodenstein (Associate Professor) National University of Singapore Department of Economics ST Forum, 7 Mar 2014 National University of Singapore Department of Economics ST Forum, 7 Mar 2014 Why cost-of-living survey matters I AM writing as an "ordinary" Singaporean who is told that "Burberry-type raincoats, four best seats in a theatre and three-course dinners in high-end restaurants" do not feature in my consumption basket ("Cost-of-living surveys reflect expatriate, not local, costs"
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