These are the Singapore inflation rates for 2010:
January: 0.2%
February: 1.0%
March: 1.6%
April: 3.2%
Surprisingly, Housing costs have spiked up for April and for this month, Transport and Housing are leading the pack, rising by 13.4% and 2.9% respectively year on year. As expected, inflation doubled as compared to last month, mainly due to the increase in Transport prices. The volcanic problem may have also caused inflation to rise across the different categories, with the exception of Communication (-4.1%).
Moving forward, the inflation for May should be slightly lower than April since the volcanic issue has subsided. The Europe crisis may have a negative impact on inflation too.
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