Tuesday, March 23, 2010

Inflation is up 1%

These are the Singapore inflation rates for 2010:
January: 0.2%
February: 1.0%

Transport and Education & Stationary are once again leading the charge, rising by 7.6% and 2.2% respectively year on year. Housing costs continued the downward trend by decreasing 2.0%. Judging from the current trend, it would seem that inflation for this year can hit as high as 2.8% year on year due to the low base as of last year. Food inflation might also spike up further due to the El Nino weather patterns wrecking havoc in the agriculture producing countries. Some coffee shops have also started increasing the food prices.

Another year of inflation. A signal?

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