As from April 2013 my Journey in Investing is to create Retirement Income for Life till 80 years old for two over market cycles of Bull and Bear.

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Monday, 25 November 2013

Singapore's inflation rises to 2% in Oct



SPMAR125
Services inflation eased to 2.5 per cent in October from 2.7 per cent in the preceding month, led by slower increases in the costs of recreation & entertainment, and holiday travel - PHOTO: SPH

Consumer price inflation rose to 2 per cent in October from 1.6 per cent in September, largely due to an increase in food and car prices.

Economists polled by Bloomberg had been expecting a marginally higher 2.1 per cent rise in the consumer price index (CPI) in October from a year ago.

Because of a pick-up in COE premiums, private road transport costs rose 2.7 per cent last month from a year earlier, rebounding from September's 2 per cent decline.

Food inflation was 2.5 per cent in October compared to 2.4 per cent a month ago, reflecting slightly steeper price increases for both non-cooked food and prepared meals.


2 comments:

  1. My KopitThiam's Wanton noodle last month up the price from $3 to $3.30.

    That is 10% inflation!





    ReplyDelete
  2. if one needs meal suggestion to beat inflation and staying healthy at the same time then just look to AK71 :- http://singaporeanstocksinvestor.blogspot.sg/search/label/meal

    ReplyDelete

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