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%
July: -0.5%
August: -0.3%
Health Care and Clothing and Footwear is once again leading the charge, rising by 2% and 1.7% respectively year on year. Housing costs decreased the most for the month of August (-1.6%). However, something of note is that transport and communication inflation has narrowed to -0.4%, an indication to me that the oil price is normalising.
No change to what I've highlighted in my previous post. This trend will continue on to end of the year.
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