23 Feb '12, 5am

Inflation moderates at 4.8% in January 2012

Inflation moderated to 4.8 per cent in January, the first time since May that price increases have gone below the 5 per cent mark. -- ST PHOTO: CAROLINE CHIA By Aaron Low Inflation moderated to 4.8 per cent in January, the first time since May that price increases have gone below the 5 per cent mark. Housing was again the main culprit for the relatively high inflation figure, rising by 9.5 per cent compared to last January. Transport also rose 3.5 per cent, mainly due to price increases in transport, such as the taxi fare hikes. But in a sign that price increases are spreading across the different categories, food, healthcare, education and recreation also posted above 3 per cent increases. Please enable JavaScript to view the comments powered by Disqus. blog comments powered by Disqus

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

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