Thursday, February 24, 2011

Inflation is up 5.5%

These are the Singapore inflation rates for 2011:
January: 5.5%

Transport and Housing are once again leading the pack, rising by an astonishing 18.4% and 5.3% respectively year on year. The inflation for Transport has maintained the upward trend as the COE price remains elevated. The high price of oil is also evident as you can see inflation rising across the board for all items.

For some reason, MAS has introduced a core inflation this year. Anyway, I will not look at it for the simple fact that the definition of "core inflation" is different for everyone.

Judging from the disruptions that happened this year, this month's inflation will be even higher and this will persist until April. Not good for all of us.

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