Inflation is down 0.5%

These are the Singapore inflation rates for 2009:
January: 2.9%
February: 1.9%
March: 1.6%
April: -0.7%
May: -0.3%
June: -0.5%

Food and Health Care is leading the charge, rising by 2% and 3.5% respectively year on year. Inflation turned negative again(-0.7%) for housing due to the Service & Conservancy Charges (S&CC) rebates. I've neglected to take into account the timing of the S&CC rebates again. The next rebates are due on September and December, but of a lesser amount than April and June. The Great Singapore Sale (GSS) also helped in lowering the inflation numbers for June.

Based on the past statistics, it would seem that July's inflation may still be positive, taking into account the recent rise in oil price. In fact, I would think from July onwards, inflation would go back to the positive zone. I guess we'll only know next month.