Thursday, July 24, 2014

Inflation is up 1.8%

These are the Singapore inflation rates for 2014:
January: 1.4%
February: 0.4%
March: 1.2%
April: 2.5%
May: 2.7%
June: 1.8% 

Food and Healthcare rose by 3.2% respectively year on year. Transport inflation trend continued from last month, going down drastically 3.2% in comparison to last month. Clothing & Footwear inflation has also went down by 3%. In fact, in comparison to last month, the inflation largely went down.

Food inflation will most probably remain high, with prepared food prices consistently rising. Transport inflation most probably went down due to the low base because I do not recall the cost of transport going down drastically.

This month is pretty much a month of disaster. I'm not sure how inflation will pan out this month but the inflation should be trending lower, which may mean that the inflation will most probably be tamer than last year.

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