The Week In Numbers: Great Fishballs Of Fire

It has been nothing short of a blowout quarter for Apple and its iconic iPhone. The technology giant, which is worth a staggering US$615b (or nearly twice the GDP of Singapore), said it sold 39m iPhone 6 between July and September.

In the space of just three months, Apple has sold more iPhone 6 than there are people living in Malaysia and Singapore put together. The rollout of the iPhone 6 has already started in earnest in Singapore, which could be good news for our three main telecom operators Singapore Telecoms (SGX: Z74), StarHub (SGX: CC3) and M1 (SGX: B2F).

How high do you think the rate of inflation will rise to by this time next year? According to the latest survey by Singapore Management University, households expect prices to rise by 3.73% in 12 months’ time.

Over the longer term – five years to be precise – we expect inflation to come in at around 4.72%. So the question for many of us is this: Are your investments delivering a return that could beat long-term inflationary pressures?

According to insurer AIA, 44% of Southeast Asians are worried that they might not be able to retire comfortably. Singaporeans reckon they would like to have savings of around US$898,000 before they retire, which is more than the US$583,000 that Malaysians would like before they stop work.

And finally, something that is close to our stomachs. The Consumer Association of Singapore has found that food prices at hawker stalls have increase by 10% to 20% since December 2012. That is equivalent to an annualised price increase of between 6% and 11%.

A plate of Chicken Rice that cost S$2.50 in 2012 now costs S$3; Chicken Biryani, which cost S$4.50 only 21 months ago, could now set you back $5. But thankfully, the price of the ever popular Fishball Noodles has remained unchanged  at S$3 a bowl.

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