Tuesday, June 25, 2013

Inflation is up 1.6%

These are the Singapore inflation rates for 2013:
January: 3.6%
February: 4.9%
March: 3.5%
April: 1.5%
May: 1.6%

Last month's inflation is also abnormal compared to when I first started tracking the inflation. Healthcare and Housing are leading the pack, rising by 4.2% and 3.3% respectively year on year.

Transport started its downward trend, dropping by 2.8% year on year, which is a severe drop compared to previous month. Seems like there is still a downtrend of private transport pricing. As transport inflation occupy a part of the inflation basket and the other items are stable, inflation only rose by 0.1% compared to April. There was a general uptrend in inflation for the other items in the inflation basket.

Next few months will most probably see an uptrend in the inflation according to the trend I'm seeing from the results, and based on my observations on the private transport pricing.

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