Thursday, July 24, 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%
June: 7.5%

Food and Housing is leading the charge, rising by 9.2% and 13.4% respectively year on year. Singapore seems to be controlling the inflation quite well. The currency has been growing stronger almost every month.

Everyone is expecting July inflation rate to be much lower. However, did they know that inflation only jumped 1.3% from June to July, and not the 2% everyone is talking about? I think the inflation rate will still hover at around 6+% before moderating downwards in September.

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