Monday, October 28, 2013

Inflation is up 1.6%

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%
August: 2% 
September: 1.6% 

Healthcare is once again leading the pack, rising by 4%, while Education & Stationery rose 3.3% respectively year on year, similar to last month.

Transport has plunged once again, reducing by 1.5% year on year, most probably due to the fluctuations of the COE prices again. Inflation seems to be quite stable compared to last month but the fluctuations of the COE prices make estimating the inflation rate almost impossible.

This is most probably an anomaly and inflation should be gradually rising until December where it will taper off slightly. Inflation rate for 2013 will most probably be around 2.3% based on current trend.

Who knows... If US has that debt ceiling fiasco again in Dec, all the estimates will again be thrown out.

No comments:

Visit Rhinestic's Knick Knacks @ Etsy for handmade goods and supplies!

Related Posts Plugin for WordPress, Blogger...