View Single Post
Old 02-06-2016, 05:55 AM   #9
Shiny Things
Supremacy Member
 
Join Date: Dec 2009
Posts: 7,673
A lot of people think Singapore average inflation rate is only 3%, but is actually around 7% , true?

Just now an economist told me that singapore average inflation rate throughout the years is more than 3%. Is actually 7%

is this true?
No, it's not true.

Singapore's inflation rate is about -0.5% (not a typo, that's a minus sign). Singapore's inflation rate printed 7% for a fraction of a second in 2007-08, but before that, it's been pretty stable around 2% all the way back to the early 1980s. Here's a chart.
Shiny Things is offline   Reply With Quote