Singapore inflation is measured by consumer price index (CPI). The CPI indices for years 2007 to 2013 were:
2009: 100.0 (base year)
(Source: DOS Singapore)
Annual Inflation rates
The annual inflation rates for each year from 2007 to 2013 are listed below:
Inflation for 2013 was lower than 2012.
Inflation over six years
Inflation was 24.2% over six years from 2007 to last year, averaging about 4 per cent each year. Had salary increment outpaced 4 per cent each year? Were investment returns higher than 4 per cent per year in order to see real return on investments? This is a challenge if we factor in not just income on investments but also capital gain/loss on investments.
Forecast for CPI in 2014
Ministry of Trade and Industry forecasted that CPI-All Items inflation is projected to come in at 2-3% in 2014. Cost pressures come from higher pass-through costs in rentals and wages and a volatile COE premium amounts in the coming months.
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