Wednesday, April 27, 2011

Inflation is up 5%

These are the Singapore inflation rates for 2011:
January: 5.5%
February: 5.0%
March: 5.0%

Transport and Housing are once again leading the pack, rising by 13.4% and 7.1% respectively year on year. The inflation for Transport has reduced once again although the price of oil is still high and inflation still remains elevated across the board. The effect on inflation may be muted due to the constant strengthening of the Singapore dollar. Housing inflation has most probably increased due to the increase of the electricity tariffs.

As expected, the inflation level has not changed much compared to February. This month's inflation however may be lower due to the housing rebates given out from the budget, but my estimate is still around 4%. Relatively high.

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