This article explains how public transport fares in Singapore are set. It discusses the fare formula, which is based on five indicators: the core consumer price index, the wage index, the energy index, the productivity extraction factor, and the network capacity factor. The article also discusses how the government subsidizes public transport, and how the fare adjustment process is a balancing act between keeping fares affordable and ensuring the financial viability of the public transport system.
How many components does the fair formula consist of?
Which of these is not a fare component: Core Consumer Price Index, Energy Index, Productivity Extraction Factor, Network Capacity Factor
Which income group does the second decile represent?
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