Thursday, September 24, 2015

Inflation is down by 0.8%

These are the Singapore inflation rates for 2015:
January: -0.4%
February: -0.3%
March: -0.3%
April: -0.5%
May: -0.4%
June: -0.3%
July: -0.4%
August: -0.8%

For the month of August, both Education & Food rose by 3.7% and 1.9% respectively year on year. Inflation has been trending up month on month, most noticeably on Housing & Utilities, but inflation is negative most probably due to the high base last year.

I am still of view that US is going to slowly raise their rates at least once this year so we might be in a state where inflation is low, but interest rates are ticking up.

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