Sunday, November 29, 2015

Inflation is down 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%
September: -0.6%
October: -0.8%

For the month of October, both Education & Food rose by 3.7% and 1.8% respectively year on year. Inflation went up for communication but it was offset by a larger than expected drop in Housing & Utilities. As a result, even compared to last month, Inflation was down.

Looking at the current trend now, it would seem that the average inflation for this year would be negative. However, in terms of the inflation of everyday expenditure, it would have risen. The average cost of food for myself have increased in the early second half of this year. Oil prices however will keep inflation down, most probably.

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