Links for Edison

Links for Edison's project (updated on 26 Jun 2012)

http://www.singstat.gov.sg/stats/themes/economy/prices.html
http://www.tradingeconomics.com/singapore/inflation-cpi
http://www.mas.gov.sg/Monetary-Policy-and-Economics/Education-and-Research/Education/Inflation-Video.aspx

The formula for calculating the Inflation Rate looks like this:

 ((CPI_Today - CPI_LastYear)/CPI_LastYear)*100

So if exactly one year ago the Consumer Price Index was 178 and today the CPI is 185, then the calculations would look like this:

((185-178)/178)*100
or
 (7/178)*100
or
 0.0393*100 

which equals 3.93% inflation over the sample year.