Tuesday, November 26, 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% 
September: 1.6%
October: 2% 

Healthcare is once again leading the pack, rising by 3.7%, while Education & Stationery rose 3.5% respectively year on year, similar to last month. These 2 basket items are now becoming a trend compared to last year where inflation trending items are more likely to be transport and housing.

Transport has risen 2.3% year on year, most probably due to the fluctuations of the COE prices again. With the exception of Housing, inflation is rising across the board.

As mentioned in the previous post, inflation should be gradually rising until December where it will taper off slightly.

Let's see if US will re-vist the debt ceiling fiasco again next month. This is again unknown territory.

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