Thursday, June 23, 2011

Inflation is up 4.5%

These are the Singapore inflation rates for 2011:
January: 5.5%
February: 5.0%
March: 5.0%
April: 4.5%
May: 4.5%

Housing and Transport are once again leading the pack, rising by 8.1% and 7.5% respectively year on year. As indicated in my previous post, the inflation was similar to last month. The only major difference to last month's inflation is that the Housing and Transport inflation has switched. The housing inflation for May implies that April's housing inflation was brought down mainly by the rebates given from the budget.

This month's inflation may reach closer to 5% as the high price of commodities will spike up the inflation.

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