Household income gains ground in 2014 amid low inflation

Singapore

Median household income in Singapore rose at a much faster pace last year compared to 2013, said a Department of Statistics report on Monday.

And the lift in income - especially after accounting for inflation - could be sustained this year given the negligible price increases, and as Singapore's labour market stays tight, economists noted.

The median monthly household income rose 5.3 per cent to S$8,290 from S$7,870 a year ago. This refers to income from work f…