Thursday, May 24, 2012

Inflation is up 5.4%

These are the Singapore inflation rates for 2012:
January: 4.8%
February: 4.6%
March: 5.2%
April: 5.4%

Housing and Transport are once again leading the pack, rising by 11.1% and 7.5% respectively year on year. Inflation rose almost across the board, in particular Housing. The inflation was surprisingly lesser than the 6% I've estimated. The drop might be due to the drop in inflation for recreation & others. However, I did notice the Singapore dollar strengthening so it may have contributed to the lower inflation.

This month's inflation may be slightly lower by 0.1%-0.2% compared to April due to the recent Europe crisis affecting prices across the board. In fact, inflation may trend lower until September. That will be a welcome relief.

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