Inflation is up 6.4%

These are the Singapore inflation rates for 2008:
January: 6.6%
February: 6.5%
March: 6.7%
April: 7.5%
May: 7.5%
June: 7.5%
July: 6.5%
August: 6.4%

Food and Housing is leading the charge, rising by 8.4% and 12.8% respectively year on year. Food costs should go down further for September. Increase in housing costs is due to the higher accomodation costs and electricity tarifs.

Finally, as per what I've indicated previously in this post, MAS again revise their inflation forecast to between 6% - 7% for this year. Personally, I do not see inflation going above 7%, and economic growth should be above 4% this year. Inflation should be taming down, provided some governments do not take the chance to create havoc again.