Wednesday, February 25, 2015

Inflation is down 0.4%

These are the Singapore inflation rates for 2015:
January: -0.4%

Both Education & Food inflation again rose by 3% and 2.2% respectively year on year. Education & Food inflation trend continued upwards from last month. Both Transport and Housing & Utilities inflation has trended lower, continuing the trend from last month.

Other than Education, Food inflation has also continued the trend upwards as mentioned last month. However, the basket of inflation items and baseline has been changed so it's difficult to see how the trend will go.

I do not think Singapore will go into deflation, not after the upcoming transport hike and petrol hike.

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