Thursday, December 23, 2010

Inflation is up 3.8%

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%
November: 3.8% 

Transport and Housing are once again leading the pack, rising by 9.4% and 4% respectively year on year. The inflation is pretty broad based and all are in the positive territory for the first time this year. Communication has hit 0.5%% compared to -2.1% in October. Clothing & Footwear has also risen by a bit. As they do not constitute a large percentage of the overall CPI basket, the impact is minimal.

Inflation did not hit 4% as expected, which I believe is mainly due to the appreciation of the Singapore dollar that took off some pressure from the inflation rate. That would mean however that the inflation rate which I calculated at end September here may somehow be close to the actual figure.

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