Monday, August 26, 2013

Inflation is up 1.9%

These are the Singapore inflation rates for 2013:
January: 3.6%
February: 4.9%
March: 3.5%
April: 1.5%
May: 1.6%
June: 1.8%
July: 1.9%

Healthcare is once again leading the pack, rising by 4.0%, while Education & Stationery rose 2.9% respectively year on year.

Transport has reversed its downward trend, rising by 1.7% year on year, most probably because of the rise in COE premiums recently. As mentioned in the previous post, July's inflation's uptrend is more pronounced than June, with Transport and Clothing & Footwear jumping by the most.

This uptrend most probably will continue this month looking at the current trend. Looks like the inflation may tick up throughout the second half of this year.

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