Tuesday, December 24, 2013

Inflation is up 2.6%

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%
November: 2.6%  

Healthcare is once again leading the pack, rising by 3.6%, while Education & Stationery rose 3.5% respectively year on year, similar to last month. The difference is that Transport and Housing inflation have been spiking up compared to October. Seems like accommodation inflation has spiked up substantially, causing the overall rise of housing inflation.

December inflation should taper off as mentioned previously, and may fall within the 2.3% inflation rate which I've mentioned back in October. Inflation is being kept down due to the review of the public transport fees. If the fees are going up and there is no revision downwards to any other fares such as the taxi initial rates, then inflation will most probably be up next year too.

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