Monday, November 24, 2008

Inflation is up 6.4%

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%
July: 6.5%
August: 6.4%
September: 6.7%
October: 6.4%

Food and Housing is leading the charge, rising by 7.8% and 16.4% respectively year on year. As expected, food prices went down and housing went way up. Housing should continue to stay high while Food and Transport will trend slightly lower.

Inflation would still trend above 6% for the rest of the year, but below 6.4%.

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