These are the Singapore inflation rates for 2011:
January: 5.5%
February: 5.0%
March: 5.0%
April: 4.5%
May: 4.5%
June: 5.2%
Transport and Housing are once again leading the pack, rising by 10.4% and 8.8%
respectively year on year. The inflation was even higher than I expected from my previous post due to the relentless inflation spike. Inflation is up across the board except for Communication and Healthcare.
Inflation will most probably drop only slightly below 5% for this month as I spied some stalls starting to raise their food prices by 20 cents, and COE prices are still quite high. Even now, the price of commodities is going up even though the USA is showing signs that they are going to cut demand due to their big deficit.
So what if the US defaults? Hmm...
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