I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!


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Thursday 23 January 2014

Singapore inflation eases to 2.4% in 2013


FLATSIN2301
 
Accommodation costs rose by 2.9 per cent in December compared to the 3.3 per cent increase in the previous month, as housing rentals edged up at a slower pace on a year ago basis - PHOTO: SPH
  
Headline inflation averaged 2.4 per cent for the whole of 2013, "sharply lower" than the 4.6 per cent in 2012, the Monetary Authority of Singapore (MAS) and the Ministry of Trade and Industry (MTI) said in a joint statement on Thursday.

Inflation eased to 1.5 per cent in December from 2.6 per cent in November, largely due to a decline in private road transport costs, which was in turn thanks to lower COE premiums.

Private-sector economists polled by Bloomberg had been expecting a 2 per cent rise in the consumer price index (CPI) in December from a year ago.

Private road transport costs decreased by 2.8 per cent in December; MAS and MTI said the recent weakness in car COE premiums partly reflected a high base as premiums surged in the same period one year earlier.

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