2009 Inflation?

[realdata]

Has anyone got details on the forecasted inflation for 2009?

[depends]

it depends on which market and which asset class. Property in Singapore will deflate. Commodoties such as food will continue to inflate

[sure...]

I probably should have said "Inflation" - so am refering to the overall 09 number... aggregate of various etc...

Love the pedantry on this site, it's refreshing from day to say Singapore.

[Vulcanl]

realdata/sure,

Per the Economist magazine the forecasted inflation rate for Singapore is .4% for 2009.  I have posted a scrape here:

http://www.expatsingapore.com/forum/index.php/topic,50189.90.html

Go to their site, they have global data by country.

[kaki11]

depends makes a valid point - the potential for price declines on articles essentially bought on credit or related to debt funded assets will be in stark contrast to the inflation on consumer, cash purchased items.
As ever it depends on what you put in your CPI basket and it depends on the pricing power of the supplier.
I note that the cheapest Subway sandwiches have just moved up from 4.50 to 4.70 and the underlying Big Mac is now 4.25 previously 3.95 although there is a special lunchtime offer on at present.
Singapore is still paying the price of the second round efects of rent increases and to a lesser extent fuel increases. Being second round effects they are less likely to abate than prices directly connected to the price of oil or the rent.
Meanwhile, the money supply M3 was up 11.6% yoy to December 2008. (Currency in circulation was up by almost 14%).If growth is 3% or less that suggests that there is still a lot of inflationary pressure in the system.
It may be for this reason that we haven't yet seen a significant weakening in the SGD. In fact given the decline in long USD forward positions, the local currency is being supported at current levels.
The forthcoming CPI data will make interesting reading - I think inflation is far from dead in Singapore.