Wednesday, July 7, 2010

Inflation is up 3.2%

These are the Singapore inflation rates for 2010:
January: 0.2%
February: 1.0%
March: 1.6%
April: 3.2%
May: 3.2%

Transport and Education and Stationery are leading the pack, rising by 15% and 2.1% respectively year on year. Inflation has been largely stable compared to May, with the exception of the transport costs. Communication is once again stabalising the inflation rate. Otherwise, it would be much higher.

Moving forward, inflation may increase slightly compared to May due to the slightly higher base in 2009 and the current volatility affecting the oil prices.

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