Wednesday, February 24, 2010

Inflation is up 0.2%

These are the Singapore inflation rates for 2010:
January: 0.2%

Transport and Education & Stationary is leading the charge, rising by 7.1% and 1.3% respectively year on year. Housing costs surprisingly decreased 2.4% even with the increase in property tax. As they have split the calculation for Transport and Communication, you could actually see that the transport inflation is quite substantial while Communication actually decreased the most (-4.4%) in the basket. I believe the iPhone and cable wars here did contribute to this downward trend for Communication.

The new way of calculating the CPI basket does bring about interesting insights to the inflation rate for the different group items in Singapore. Anyway, for more information on the CPI basket changes, refer to my previous post here.

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