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Singapore Inflation Rate Slows to Nearly 5-Year-Low in October

saratogas

Alfrescian
Loyal
It doesn't mean things are getting cheaper... just lower than previous months! But I spending more $$$ than previous months :confused:

http://www.tradingeconomics.com/singapore/inflation-cpi

Singapore’s annual inflation rate eased to 0.1 percent in October of 2014 from 0.6 percent in September, mainly due to decline in transportation and accommodation cost. It is the lowest rate since January of 2010.

Year-on-year, private road transport cost decreased by 5.6 percent in October, following a 2.8 percent fall in the previous month, largely due to the high base a year ago. Accommodation cost declined by 1.0 percent, extending a 0.6 percent correction in September, as a result of the soft housing rental market. Prices of oil-related items, including electricity tariffs and petrol pump fell by 2.1 percent, after dropping by 0.6 percent in the preceding month, given the recent weakness in oil prices. Food inflation moderated to 2.8 percent as prices of both non-cooked food items and prepared meals rose at a slower pace. Services inflation came in at 1.7 percent, unchanged from the preceding month, as the higher cost of recreation & entertainment and holiday travel were offset by smaller increases in school tuition fees and household services.

Core Inflation, which excludes the costs of accommodation and private road transport, moderated to 1.7 percent in October, down from 1.9 percent in September, largely due to a steeper decline in electricity tariffs and lower food prices.

On a month-on-month basis, the consumer price index fell 0.4 percent in October, following a 0.1 percent drop in September, mostly due to lower cost of: electricity (-1.6 percent), accommodation (-1.9 percent) and private road transport (-0.6 percent).

$$$ never enough!
 

yinyang

Alfrescian (Inf)
Asset
Irony of 2 price indicators. Core inflation's higher than across the board. What hits home, is cost of living and how this affects households.

Instead of some statistics skewed by diff basket measurements, relevant or irrelevant as case maybe.
 

mojito

Alfrescian
Loyal
There was a rush for accomodation and private transport as affluent arrivals bid up prices for homes and vehicles. The spike is temporary but persistently higher prices are here to stay.
 

Poomer

Alfrescian
Loyal
0.1% also inflation right, fuck the PAP! It means that even if houses and cars are cheaper, everything else is going up.
 

mojito

Alfrescian
Loyal
0.1% also inflation right, fuck the PAP! It means that even if houses and cars are cheaper, everything else is going up.

Of course. Unlike sinkies, FTs can take hardship, 50 people share 2 condo units. But food and drinks cannot be 50 people share 2 briyani right?
 
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