Monday, June 23, 2008

Inflation is up 7.5%

These are the Singapore inflation rates for 2008:
January: 6.6%
February: 6.5%
March: 6.7%
April: 7.5%
May: 7.5%

Food and Housing is leading the charge, rising by 9% and 12.4% respectively year on year. However, the yearly review of the transport fares will soon be here. Will they not raise the fares? Of course not...

The trade ministry is forecasting inflation of 5 to 6 percent this year. I'm saying that the inflation rate will be at least 6% this year, judging from the current trend. I'm hoping that I'm wrong...

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