Tuesday, February 25, 2014

Inflation is up 1.4%

These are the Singapore inflation rates for 2014:
January: 1.4%

Healthcare is once again leading the pack, rising by 3.9% but food inflation has gotten back to the top 2 by rising by 3% respectively year on year. Housing remains stable but the transport inflation again suddenly went down, mostly due to the ever fluctuating COE prices, similar to last year.

As mentioned last month, it's already expected that food inflation will rise due to the increase of price since Lunar New Year. Inflation was also lower as expected due to the high base, which will persist for a few months.

After that it will be anyone's guess.

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