Singapore Inflation for Years 2007 to 2013

Singapore inflation is measured by consumer price index (CPI). The CPI indices for years 2007 to 2013 were:

2007: 93.2
2008: 99.4
2009: 100.0 (base year)
2010: 102.8
2011: 108.2
2012: 113.1
2013: 115.8
(Source: DOS Singapore)

Annual Inflation rates

The annual inflation rates for each year from 2007 to 2013 are listed below:

2007: 2.1%
2008: 6.6%
2009: 0.6%
2010: 2.8%
2011: 5.2%
2012: 4.6%
2013: 2.4%

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.

Copyright © 2014, limkimtong for Living Investment

The material presented is intended to be general and written in layman’s language as much as it is possible. The author shall not be liable for any direct or consequential loss arising from any use of material written. Please seek professional advice from your financial advisor or financial institutions on material written covering financial matters.

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