Tuesday, November 23, 2010

Inflation is up 3.5%

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%
October: 3.5% 

Transport and Education and Stationery are leading the pack, rising by 9.5% and 3.6% respectively year on year. Other than Communication costs, all other items' inflation is once again in the positive zone and it is quite similar to September. Housing inflation seems to have reduced slightly compared to last year. Clothing and Footwear has increased the most compared to September. May be due to the Great Singapore Sale effect wearing off.

Inflation should hit around 4% for the rest of the year, a year of high inflation.

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