Wednesday, June 25, 2014

Inflation is up 2.7%

These are the Singapore inflation rates for 2014:
January: 1.4%
February: 0.4%
March: 1.2%
April: 2.5%
May: 2.7%

Transport is now once again leading the pack again, rising by an amazing 6.9% followed by Healthcare, rising by 3.2% respectively year on year. Transport inflation went up drastically mostly due to the low base last year as transport inflation actually went down month on month. Food inflation has also went up year on year and month on month, while housing inflation has returned positive.

Other than the increase of housing inflation, inflation has largely remained stable. However, if the Iraq situation continues, inflation may rise higher than what I estimated last month.

Hope that the Iraq situation will defuse soon. War is never good for anyone.

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