Wednesday, September 25, 2013

Inflation is up 2%

These are the Singapore inflation rates for 2013:
January: 3.6%
February: 4.9%
March: 3.5%
April: 1.5%
May: 1.6%
June: 1.8%
July: 1.9%
August: 2% 

Healthcare is once again leading the pack, rising by 3.9%, while Education & Stationery rose 3.3% respectively year on year.

Transport has plunged, rising by 0.2% year on year, most probably due to the fluctuations of the COE prices. August inflation ticked up most probably due to the rise in housing and food inflation, although inflation did rise across the board.

As mentioned in my previous post, this uptrend most probably will continue this month looking at the current trend. Inflation will tick up throughout the second half of this year, unless by some miracle all the global uncertainties disappear.

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