Friday, October 24, 2014

Inflation is up 0.6%

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%
September: 0.6%

Both Food and Education & Stationery inflation rose by 3.0% respectively year on year. Transport inflation trend continued from last month, going down by a greater 1.8% in comparison to last month. Housing inflation has also dropped 0.5%, more than expected.

Food inflation remained high, with food excluding prepared food prices being stable and prepared meals rising instead compared to last month. Due to the housing and transport inflation downtrend, the inflation has continued the downward trend instead of reversing the trend.

Looking at the current trend, I'm not surprised if the average inflation for 2014 drops below 1% year on year, although to us, it will not be apparent because the food prices are rising quite a bit this year and this affects everyone of us.

No comments:

Visit Rhinestic's Knick Knacks @ Etsy for handmade goods and supplies!

Related Posts Plugin for WordPress, Blogger...