24 Oct '11, 5am

Singapore inflation up 5.5% in September from a year ago on higher housing, transport and food costs

Singapore inflation up 5.5% in September from a year ago on higher housing, transport and food costs

Singapore's consumer price index (CPI) rose by 5.5 per cent in September 2011 compared to a year ago mainly on higher housing costs, the Department of Statistics Singapore said. -- ST PHOTO: ALPHONSUS CHERN Singapore's consumer price index (CPI) rose by 5.5 per cent in September 2011 compared to a year ago on higher costs of housing, private road transport and food, the Department of Statistics Singapore said on Monday. The 9.6 per cent rise in housing costs stemmed mainly from higher accommodation costs and electricity tariffs, Singstat said. The higher cost of private road transport was mainly due to a significant increase in Certificate of Entitlement (COE) premiums as well as higher petrol prices. Excluding accommodation costs, the consumer price index was 4.2 per cent higher compared to the same period last year. Please enable JavaScript to view the comments powered b...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

Comments

  1. 24 Oct '11, 8am

    This is tough. Did your salary rise by at least 5.5% last year? If not, you're taking a pay cut...

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