Singapore’s inflation hits 25-year high of 6.6%
[This article was first posted on Five Cents Ten Cents on 26 Feb 2008.]
The headlines from Channelnewsasia says it all. Our inflation rate has hit a high of 6.6%!
The combined effect of the 2% hike in GST, global commodities price increases as well as increase in annual value in properties and oil makes the inflation rate much higher than any decent risk-free returns you can obtain from safe investments. Continue reading