Thursday, December 25, 2014

Inflation is down 0.3%

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%
November: -0.3%

Both Food and Education & Stationery inflation again rose by 2.9% and 2.7% respectively year on year. Transport inflation trend continued from last month, going down by an amazing 5.3% in comparison to last month which was more than expected. Housing inflation has also dropped 1.2%. The transport inflation is the only reason why inflation went negative I believe.

Food inflation remained high, with almost all the food prices rising compared to last month. In fact, I believed due to the food inflation, the average inflation seems to be stubbornly stuck to 1.1% even though the transport and housing inflation was going down.

Unless there is a huge downward change in the housing and transport inflation, this year's inflation will most probably not go below 1%.

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