These are the Singapore inflation rates since July:
July: 2.6%
August: 2.9%
September: 2.7%
October: 3.6%
November: 4.2%
December: 4.4%
The numbers for December seems to be slightly tamer than what I have expected. I guess that means Singapore is somehow controlling the inflation rise. However, I think there's a limit on how much they can control.
The average inflation for 2007 is 2.1% compared to 2006, as per what I have estimated in my previous post. Jan's inflation should be around 5%, judging from all the inflation going about in housing, electricity, and food.
With all these inflation, I really hope the raises for the civil servants can really maintain the economy. Otherwise... ... Oh well. I doubt I can get a raise. Economic conditions have been tough since last July.
Domestic consumption is always the key to economic growth.
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