Tuesday, November 25, 2014

inflation is up 0.1%

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%
October: 0.1%

Both Food and Education & Stationery inflation again rose by 2.8% and 2.7% respectively year on year. Transport inflation trend continued from last month, going down by 0.5% in comparison to last month. Housing inflation has also dropped 1.7%, more than expected.

Food inflation remained high, with all the food prices rising compared to last month. Due to the housing and transport inflation downtrend, the inflation has continued the downward trend. However, due to the high base last year, inflation looks mild.

As previously mentioned, I'm not surprised if the average inflation for 2014 drops below 1% year on year.

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