Saturday, September 25, 2010

Inflation is up 3.3%

These are the Singapore inflation rates for 2010:
January: 0.2%
February: 1.0%
March: 1.6%
April: 3.2%
May: 3.2%
June: 2.7%
July: 3.1% 
August: 3.3%

Housing and Transport (together with Education & Stationery) are once again leading the pack, rising by 9% and 3.1% respectively year on year. After the Great Singapore Sale effect, Clothing & Footwear inflation is once again in the positive zone.

Judging from the current trend, inflation may be around 2.6% - 2.7% year-on-year. Quite high even though the Singapore Dollar has strengthened by quite a bit. Funny thing is that food inflation is still increasing month on month even though the Singapore Dollar has been strengthening. Food prices going up too fast, or our population going up too fast?

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