Monday, September 26, 2011

Inflation is up 5.7%

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%
July: 5.4%
August: 5.7%

Transport and Housing are once again leading the pack, rising by 12.5% and 9.9% respectively year on year. The inflation was as expected, although slightly lower than the 5.8% I expected. Inflation will most probably
hold around 5.5% this month. The lower price of commodities are just not filtering down to us normal folks. Even if it filters down in November, it's going to be offset by the rise in transportation fees.

Looks like the average of 5% inflation for 2011 which I mentioned in my previous post may come true.

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