Monday, November 26, 2012

Inflation is up 4%

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%
September: 4.7%
October: 4%

Transport and Housing are leading the pack, rising by 7.5% and 5.6% respectively year on year, a decrease compared to September's inflation. Inflation seems to have moderated slightly due to the slight decrease in the price of oil I presume. However, other items in basket are seeing an increase compared to the previous month. This might be short-lived though as Thanksgiving and Christmas has gone or almost upon us. That means discount time.

My second-half estimates are way off again. Guess I need to find time to analyse why. Maybe my day job is getting into me. Anyway, this month's inflation should be slightly lesser than 4%. Looking at the current trend, looks like MAS inflation estimates may be true after all.

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