These are the Singapore inflation rates for 2011:
January: 5.5%
February: 5.0%
Transport
and Housing are once again leading the pack, rising by a still
astonishing 15.2%
and 5.8% respectively year on year. The inflation for Transport reduced slightly, most probably because the COE prices have tamed somewhat due to the Chinese New Year effect. The high
price of oil is also still evident as inflation still remains elevated across the
board, except for Communications.
I'm still unsure why the Food inflation for Feb is slightly lower compared to Jan because as I recalled, many of the stalls have increased their prices from Chinese New Year, citing high raw material pricing. In fact, the inflation for Feb is tamer in general. Oh well. Maybe my memory is failing me.
This month's inflation should have shot up due to the Japan's crisis. Oil has risen to new heights and our petrol prices kept increasing. I would be surprised if the inflation remains at this level.
No comments:
Post a Comment
Please bear with the word verification as I have been getting tons of spam comments daily.
You will see 2 sets of images for the word verification. Type the characters you see on the first image, followed by a space, and the characters you see on the second image.