Wednesday, October 27, 2010

Inflation is up 3.7%

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%
September: 3.7%

Transport and Housing are once again leading the pack, rising by 9.1% and 4.7% respectively year on year. Other than Communication costs, all other items' inflation is once again in the positive zone.

I believe the increase in inflation is mainly because of the rise in electricity tariffs, and this would be the theme for the rest of the year. This spike is unexpected though. I will refrain from adjusting my inflation estimates, but it would seem that it would hit 2.7% or even more for this year.

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