Thursday, October 29, 2015

Inflation is down by 0.6%

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%
September: -0.6%

For the month of September, both Education & Clothing & Footwear rose by 3.5% and 2.3% respectively year on year. Inflation is stable compared to the previous month, with only clothing & footwear showing some noticeable difference. In fact, if clothing & footwear was excluded, inflation would have went down further.

As mentioned, I am still of view that US is going to slowly raise their rates at least once this year but since we are closed to the end of the year, the effect won't be seen this year.

Looks like there may not be any inflation this year.

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