SINGAPORE: Private sector salaries in Singapore grew 4.9 per cent in 2014, slightly lower than 5.3 per cent the year before.
But after taking inflation into account, latest official data shows that salaries rose at a faster pace to 3.9 per cent in 2014, compared with 2.9 per cent in 2013.
The Manpower Ministry Report on Wages, released Thursday , also showed that inflation eased to 1 per cent in 2014, compared to 2.4 per cent a year earlier.
The wage increases include employers’ Central Provident Fund contributions.
