Wednesday, January 25, 2012

Inflation is up 5.5%

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%
September: 5.5%
October: 5.4%
November: 5.7%
December: 5.5%

Transport and Housing are once again leading the pack, rising by 10% and 9.9% respectively year on year. Inflation went slightly lower as expected, most probably due to the Christmas sale and housing cooling measures. Overall inflation is 5.2% for 2011, as I've indicated back in my previous post here.

It's a no brainer that inflation will most probably be lower this year than 2011. Of course, pending any oil shock, especially from Iran. In fact, inflation should be quite low from Jan to Mar before trending a little higher.

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