These are the Singapore inflation rates for 2014:
January: 1.4%
February: 0.4%
March: 1.2%
April: 2.5%
May: 2.7%
June: 1.8%
July: 1.2%
August: 0.9%
September: 0.6%
October: 0.1%
November: -0.3%
December: -0.2%
Both
Food and Education & Stationery inflation again rose by 2.9% and 2.8%
respectively year on year, similar to the previous month. Transport inflation trend continued from
last month, going down by 4.1%, slightly lesser in comparison to last month.
Housing inflation has also dropped 1.4%, slightly more compared to last year.
Food
inflation remained high, with almost all the food prices rising
compared to
last month. Prepared meals have been rising by 3% as compared to last month and 2.9% as compared to last year. Judging from what I see on the ground, inflation will continue to trend upwards for food prices.
From a year on year perspective, inflation only rose 1% as compared to year 2013, as mentioned in my last post. Moving forward, inflation numbers will trend lower but it will not be obvious to us due to the rise of food prices. The downward oil price will be a relief as our electricity bill has already went down for the next quarter.
Looks like based on numbers, year 2015 inflation will not be that high, but I do not see it going towards deflation, no thanks to the hike in transport price which was approved recently. :(
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