Monday, January 27, 2014

Inflation is up 1.5%

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%
December: 1.5%  

Healthcare is once again leading the pack, rising by 3.8%, while Education & Stationery rose 3.5% respectively year on year, similar to last month. Housing remains stable but the transport inflation suddenly went down, mostly due to the ever fluctuating COE prices.

This year's inflation is 2.4%, 0.1% more than the inflation rate I've estimated back in October. However, inflation is most probably going to spike up due to the public transport fare review, and I do not think the fluctuating COE prices will help too. In addition, many food stalls have started to increase prices just before the lunar new year. Based on past experience, the prices will remain up and will not go down after the lunar new year.

Inflation will start off lower for the first few months probably due to the high base last year. After that it's anyone's guess.

No comments:

Visit Rhinestic's Knick Knacks @ Etsy for handmade goods and supplies!

Related Posts Plugin for WordPress, Blogger...