Tuesday, April 24, 2012

Inflation is up 5.2%

These are the Singapore inflation rates for 2012:
January: 4.8%
February: 4.6%
March: 5.2%

Housing and Transport are once again leading the pack, rising by 9.4% and 5.5% respectively year on year. Inflation rose across the board, in particular Transport. The uptick in inflation was more than expected, especially for transport. The only reason that I could think of is because of the price of COE and more people taking private transport due to the unreliability of SMRT trains.

Inflation for next month? I'm not surprised if it can go up to 6%. :( Although the oil price has been quite stable, the COE pricing seems to be affecting the overall inflation rate.

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