Nominal incomes grew at a faster pace in 2024 and inflation eased, leading to an increase in real incomes, the Manpower Ministry said. SINGAPORE: As wages increased and inflation eased, real incomes for Singapore residents rose in 2024, the Manpower Ministry said on Thursday (Nov 28). Real incomes take inflation into account, and measure the purchasing power of an individual. Nominal incomes increased at a faster pace this year compared with last year, with the nominal median gross monthly

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