Tuesday, June 23, 2009

Inflation is down 0.3%

These are the Singapore inflation rates for 2009:
January: 2.9%
February: 1.9%
March: 1.6%
April: -0.7%
May: -0.3%

Food and Health Care is leading the charge, rising by 2.6% and 3.5% respectively year on year. I have over estimated the housing inflation previously. Not taking into account the Service & Conservancy Charges (S&CC) rebates, the inflation for housing was only 0.7% instead of my estimated 4% year on year. Other than that, the inflation rates are largely similar to April.

Going forward based on this housing inflation data, it would seems that the inflation will be hovering around this negative level until at least June. The inflation may be back to positive (still close to 0) from July onwards though.

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