January's inflation highest in 26 months, up 5.5%

• Clivebenss

  23 Feb 11, 16:22

  Feb 23, 2011 - Straits Times

  by Aaron Low

  INFLATION hit a 26-month high in January, surprising even the most bullish of economists.

  The Consumer Price Index (CPI) rose 5.5 per cent in January, higher than the 4.65 per cent average expectation among private sector economists.

  The bulk of the increase was due to rising private transport costs, as well as housing and food.

  The last time the CPI hit 5.5 per cent was in November 2008, and the higher inflation recorded last month has prompted economists to raise expectations of a tighter monetary policy, when the Monetary Authority of Singapore releases their first of two policy statements for the year in April.

  Last week, the Government unveiled a slew of policies and cash handouts to help families, especially low-income households, cope with the rising cost of living.

• Clivebenss

  23 Feb 11, 19:23

  inflation, Sg is getting expensive.

• Junyang700

  24 Feb 11, 01:42

  It will go even higher in weeks to come... foreign levy up... employers u know u know... need to cover back the levy costs.

• βέτά

  24 Feb 11, 02:10

   

  Singapore with it's high reserves like Japan should have experience 0% inflation.

   

  http://www.stat.go.jp/english/data/cpi/1581.htm

   

   

  Constant meddling with population, housing and savings by PAP will have more dire results.

   

   

• likeyou

  24 Feb 11, 08:35

  Year 2011 is not a good year at all.

  Everything going to hit north soon.

  Yet our salary stay in the equator and go south.

• charlize

  24 Feb 11, 11:16

  Don't worry, everything is affordable.

• Clivebenss

  24 Feb 11, 14:43

  yeah, "affordable".

  

• likeyou

  24 Feb 11, 16:44

  Originally posted by charlize:

  Don't worry, everything is affordable.

  
  Yes every household are able to buy, but the problem is the price keeps on increasing.

  Their raining day money is getting smaller and smaller.

   

• charlize

  25 Feb 11, 11:30

  Originally posted by likeyou:

  
  Yes every household are able to buy, but the problem is the price keeps on increasing.

  Their raining day money is getting smaller and smaller.

   

  You have to be cheaper better and faster to tackle this inflation problem.

   

  Really.

• Clivebenss

  25 Feb 11, 12:12

  Originally posted by charlize:

  You have to be cheaper better and faster to tackle this inflation problem.

   

  Really.

  I'm not cheap.

  

• likeyou

  27 Feb 11, 11:03

  Originally posted by charlize:

  You have to be cheaper better and faster to tackle this inflation problem.

   

  Really.

  
  hahah..that guy crap.

• charlize

  28 Feb 11, 18:35

  If there was no inflation, I would be very worried.

• tranquilice

  1 Mar 11, 17:47

  Originally posted by charlize:

  Don't worry, everything is affordable.

  
  There is nothing in Singapore which is unaffordable.

   

• charlize

  1 Mar 11, 17:49

  Originally posted by tranquilice:

  
  There is nothing in Singapore which is unaffordable.

   

  Everything is affordable.

   

  I am sure everybody can afford a multi year loan repayment plan.

   

   

• Clivebenss

  1 Mar 11, 17:51

  Sg is cheap.

  

• tranquilice

  1 Mar 11, 17:52

  Originally posted by charlize:

  Everything is affordable.

   

  I am sure everybody can afford a multi year loan repayment plan.

   

   

  
  What? Still need multi year? One-time-pay-all will do.