Monday, November 23, 2009

Inflation is down 0.8%

These are the Singapore inflation rates for 2009:
January: 2.9%
February: 1.9%
March: 1.6%
April: -0.7%
May: -0.3%
June: -0.5%
July: -0.5%
August: -0.3%
September: -0.4%
October: -0.8%

Clothing and Footwear and Health Care has resumed leading the charge, rising by 2.7% and 2.2% respectively year on year. Housing costs once again decreased the most for the month (-4.7%) but will most probably increase soon due to the increase in property tax. As indicated previously, transport and communication inflation has also turned positive to 0.6%.

Sales seem to have slightly increase, based on what I could see in Orchard Road. However, I do not think this spike will push the inflation back to positive. I will still stick to my earlier post.

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