Friday, April 23, 2010

Inflation is up 1.6%

These are the Singapore inflation rates for 2010:
January: 0.2%
February: 1.0%
March: 1.6%

Transport and Education & Stationary are once again leading the charge, rising by 10.1% and 2.2% respectively year on year. Housing costs continued the downward trend by decreasing 0.7%. Food inflation surprisingly was quite stable. Has Singapore finally learned her lesson and diversified her food sources? Seems to be so.

Looking at the COE prices, I won't be surprised that inflation for April may even shoot up to 4% year on year. Transport inflation will be through the roof and inflation may be affected due to the volcanic problem that may cause shortages in goods and services, therefore driving up the prices temporarily.

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