Wednesday, September 24, 2014

Inflation is up 0.9%

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% 
July: 1.2%
August: 0.9%

Healthcare and Food inflation rose by 3.4% and 2.9% respectively year on year. Transport inflation trend continued from last month, going down by 0.6% in comparison to last month.

Food inflation remained high, with food excluding prepared food prices rising instead compared to last month. Transport inflation also continued the downward trend. Inflation has trended lower as mentioned last month and the trend will most probably reverse next month.

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