Wednesday, September 26, 2012

Inflation is up 3.9%

These are the Singapore inflation rates for 2012:
January: 4.8%
February: 4.6%
March: 5.2%
April: 5.4%
May: 5.0%
June: 5.3%
July: 4%
August: 3.9%

Housing and Transport are leading the pack, rising by 8.7% and 6.7% respectively year on year, an increase compared to July's inflation. Inflation is also up across the board compared to July. Somehow my calculations (which I did not reveal in my previous post) seems to be correct now. I guess I will try to find time to find out how come I missed July's inflation by such a large margin.

Inflation should be around 4.5% for the year instead of 5% which I have indicated earlier. I will try to figure out why my July calculation is so far off.


Anonymous said...

At the rate the inflation is dropping, how soon will HDB be really affordable?

chantc said...

Inflation is not negative, therefore there will be no drop in any prices. It's the rate of increase that is slowing.

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