Income growth strengthened

Income growth strengthened
       

Income growth strengthened in 2013, amid the tight labour market. The nominal median monthly income from work of full-time employed citizens (including employer CPF contributions) increased over the year by 7.1% to $3,480 in June 2013, up from gains of 5.8% in the preceding year.

As inflation eased¹, the growth in real median income, deflated by Consumer Price Index (CPI) for all items, accelerated from 1.2% in 2012 to 4.6% in 2013.


 
Read? Employment Situation, 2013