We're halfway through the year. Has inflation settled down?
Our nerdy excel sheet tracking continues prices for Q3 is ready!
Hello Salarypeople!
If you’re new here, we come up with a Millennial CPI every quarter - it’s an unofficial, non-government-approved list of stuff we’ve been tracking. It includes things that y’all actually buy, like McSpicy and Bubble Tea.
And in case you’ve missed last quarter’s, here’s a TL;DR: prices were settling, and a contributing factor was the lowered rental rates for some HDB estates.
Has it continued? Well…
For the most part, everyone’s keeping their prices steady this quarter.
So if you view our Millennial CPI for this quarter (click here!), you’ll be seeing a lot of 0% quarterly changes.
It’s been a stressful few years on many of our wallets. And hearing that prices are settling down may be a breath of fresh air. But stabilising prices doesn’t mean we’re out of the woods yet.
After all, inflation is only one type of trouble that can make life challenging.
There’s also…a lousy economy, which affects jobs and employment.
The growth outlook for our economy remains uncertain. Layoffs are still happening.
Elsewhere in the world, the Chinese economy – which is a big source of global demand – is struggling as well.
So whether times are good or bad, our advice still stays the same – to work on your earning power. Make hay while the sun shines.
We’ll be back with another spreadsheet of prices next quarter.
Signing off,
The Woke Salaryman Team