Monday, May 26, 2014

Inflation is up 2.5%

These are the Singapore inflation rates for 2014:
January: 1.4%
February: 0.4%
March: 1.2%
April: 2.5%

Transport is now once again leading the pack again, rising by an amazing 5% followed by Healthcare, rising by 3.5% respectively year on year. Transport inflation went up drastically, most probably due to the ever fluctuating COE prices. Food inflation has also went up while housing inflation has turned negative.

Inflation has trended upwards as mentioned last month and will most probably remain stable for the rest of year provided there is no unexpected external stimuli. That will mean inflation may be 2.1% to 2.2% for 2014.

We'll see.

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