The Week In Numbers: Come Fly With Me

The price of a basket of goods that we buy in Singapore has fallen for the seventh straight month. Whilst the fall in prices was widely expected, it has nevertheless left experts wondering as to why.

Some believe that the 0.4% drop in the Consumers Prices Index (CPI) in May could be a consequence of government measures to alleviate price pressures, or in economics jargon, supply-side factors. Others believe it could be due to due to a lack of demand or demand-side factors. Whatever the cause, enjoy it whilst you can.

Singapore’s Orchard Road is about to get a new medical centre. Raffles Medical Group (SGX: R01) has launched a new $4m facility, which will target medical tourists at the recently revamped Shaw Centre. The medical centre will offer out-patients a range of speciality services that includes Traditional Chinese Medicine.

The Monetary Authority of Singapore has reprimanded Singapore Exchange (SGX: S68) for its three-hour outage in November. There were no complaints from the Exchange, which said it will spend S$20m to speed up its infrastructure improvements.

American consumers are out spending in force again. Personal Spending jumped 0.9% last month, which was the biggest gain in nearly six years. Consumer spending is a major driver of economic growth in the US. So, that could be another positive sign that the American economy is slowly growing again. However, that could also mean that a US interest-rate hike could come sooner rather than later.

The bonus number this week is US$150,000, which is how much it could cost to buy your very own jetpack. The contraption, which has been the dream of Sci-Fi aficionados since the early 20s, is now a reality. The device, known as the P12, can fly for 30 minutes at up to 74 kilometres per hour and at an altitude of up to 1,000 metres. Who said the jetpack would never take off?

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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. Motley Fool Singapore Director David Kuo doesn’t own shares in any companies mentioned.