Singapore ERP rates to go up, mainly at CTE

Bad news for some motorists, especially for those who drive on the already congested Central Expressway. ERP rates are set to go up by 50 cents on the CTE north and south of Braddell Road, on the northbound CTE after the Pan-Island Expressway, as well as the PIE slip road into CTE. Rates will also go up on the PIE at Kallang Bahru as well as East Coast Parkway at Fort Road.

The increase comes after the Land Transport Authority's quarterly review of traffic conditions and is being imposed to maintain LTA's aim of an optimal speed range of 45 to 65 km/h on expressways.

- Okay, so "bring it on!" (*cough*) What else hasn't increased yet? Let's see, if crude oil surges convincingly past $75 and holds it there for more than a week, petrol and diesel prices will have to go up - the retail stations are on rather thin margins already. What else, let's also wait for things like water, gas, and garbage collection fees to catch up - that ought to "tidy up the loose ends" in the utilities bill.

Lately, I've also noticed that the portions for my lunch-time meals at the local coffeeshop near the office have been getting smaller - inflation by stealth. The price of a cup of coffee has already gone up, so we only have to await the rest of the drinks - including the proverbial inflation benchmark, the can of Coca-Cola.

Well, so that covers transport, utilities, food. Healthcare and education go up 5-6% each year, every year. Okay, what about rentals? All sorts of rentals - housing, office, industrial, retail space. That would be quite the killer, wouldn't it?

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